Clydesdale Bank support for Forfar based care home expansion

Derek Breingan, head of healthcare for Clydesdale and Yorkshire Bank
Derek Breingan, head of healthcare for Clydesdale and Yorkshire Bank

A Forfar-based care home provider has expanded its operations with the acquisition of two new homes, supported by funding from Clydesdale Bank.


Kennedy Care Group, which operates care homes across Angus, Tayside and Aberdeenshire, recently switched to Clydesdale Bank and has received a seven-figure funding sum to purchase the two new homes. The deal was completed by Derek Smith, Clydesdale Bank’s Healthcare Business Development Manager in the East of Scotland.


The acquisitions – Windyedge Care Home in Forfar and Storyville House in Kirriemuir – bring Kennedy Care Group’s portfolio of homes to nine. The Group’s staff numbers have also risen by 20 per cent to 240 across all nine locations.


Kennedy Care Group was established by local businessman and care professional Tom Dailey. He has more than 25 years’ experience in the care sector and acquired the first of his current care homes in 2003, with the aim to deliver high quality residential care with the ethos that ‘small is beautiful’.


Storyville becomes the second largest home operated by the Group, yet still only offers 28 beds. This focus on smaller homes and delivering a personal touch has played a key role in Kennedy Care Group establishing an excellent reputation with the Care Inspectorate.


Tom Dailey, owner of Kennedy Care Group, said: “I established this company with the vision of delivering an acclaimed standard of care which residents and their families could rely on. We are becoming increasingly well known for doing just that and these acquisitions will allow us to roll it out further.


“Since switching to Clydesdale Bank, I have been impressed by the team’s understanding of the local market and care sector. They dealt with our funding request quickly, allowing us to take this growth opportunity, and have been easy to deal with throughout.”


Derek Breingan, Head of Healthcare at Clydesdale Bank, said: “We are pleased to be supporting the growth ambitions of Tom, who bases his success on providing a reliable and increasingly important service to local communities.


“Companies operating in the sector face many challenges but for those committed to delivering high standards of care, there are also opportunities for growth.”


The news comes as Clydesdale Bank launches its third Business Week which will see more than 250 events across the UK designed to help businesses invest, connect and network where it matters most.


The week of events and seminars from 10th – 14th November will cover a wide variety of topics from sharing sector expertise and best practice, supporting entrepreneurialism, customer service, exporting and buying and selling a business.


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