Adelaide House located in Royal Leamington Spa has been acquired by experienced care operators Barry & Eibhlin Thorpe-Smith. The sale of the business was conducted by Andy Sandel of DC Care on behalf of the vendors David & Breda Sutton who had owned the home for over 30 years.
Commenting on the sale Mr Sutton said “For several years prior to the sale Andy at DC Care had kindly given us very sound appraisals of market conditions which enabled us to optimise the time of sale. Having taken instructions and after a discreet visit DC Care were able to provide a realistic valuation, but then more significantly, and very much to our advantage were able to find a purchaser without formally putting the Home on the open market. It was a great relief not to have a stream of potential purchasers looking round the home which I’m sure would have led to suspicions from the staff. As it was, when it came to exchange of contracts, no one other than our manager who had been briefed from the outset, was aware of the sale. In the meantime Andy and his team had guided us smoothly through the dealings with the solicitors and the CQC.”