Care home business, 3 AB Care Limited has secured funding from The Royal Bank of Scotland (RBS) to help the growth of the business and finance the expansion and renovation of one of its care homes.
3AB Care Ltd is owned and operated by Mr Arvind R Patel and his family. Since going into business in 1978 Mr Patel, a Pharmacist by training, has continued to expand the family business, creating a company that now owns and operates a total of five care and nursing homes throughout the UK, employing over 225 people in total. These include Brook House Residential Home in Leicestershire, The Heathers Nursing Home in Chipping Sodbury, Westcroft Nursing Home in Stoke on Trent, Harley House Care Home in Leicester and Saintbridge House Nursing & Residential Home in Gloucester. The organisation also owns a childcare nursery Ambourne House Day Nursery in Bristol.
The funding from RBS is to be used primarily to help finance work at Brook House Residential Home. Plans for the development include the construction of 12 new en-suite bedrooms as well as extensive renovation work to the home’s existing facilities. Development work has already started with completion estimated by Spring 2015.
Funding from RBS has been provided under the Government backed Funding for Lending Scheme (FLS) in the form of a fee-free loan. The scheme has been specifically designed to offer more support to SMEs by making borrowing more affordable.
Mr Arvind R Patel, Owner of 3 AB Care Ltd said: “We are thrilled that RBS has agreed to support our plans for the re-development of Brook House Residential Home. Every expansion is an exciting project as it enables us to improve the standards and level of care we are able to provide for our residents.
“In recent months we have been experiencing increased demand for spaces in the home and by extending and renovating the facility, the project will enable us to provide care to more individuals in need of support in addition to much better facilities from which to do so.
“The support and service that we have received from RBS throughout this process has been excellent and is invaluable in enabling us to go ahead with the re-development work. Being able to deal with a specialist healthcare team who understand fully the industry and the sector we work in has also been a real advantage and is enabling us to continue to drive the business forward.”
Graeme Tipple, Relationship Director at The Royal Bank of Scotland explains: “We are delighted to provide funding to support the growth plans of 3 AB Care Limited. Brook House Residential Home currently provides excellent standards of care and accommodation for its residents and by extending and refurbishing the facility, Mr Patel and his family are set to create a state of the art facility for the local community.
“The extension will provide additional capacity to help address the need for more care facilities in the region and we look forward to seeing the finished project.”