The Royal Bank of Scotland has implemented a refinance facility for family-run care home operator, Holy Cross Care Homes Ltd. In addition, the bank has released working capital to allow an independent living development of 14 bungalows to commence in the grounds of their existing care home, Bradeney House, in Shropshire.
Bradeney House in Bridgnorth was established in 2006 to provide residential care to the elderly, those suffering with dementia, learning disabilities, physical disabilities and substance abuse. Holy Cross Care Homes is now expanding this 101 bedroom residential care home to provide 14 two-bedroom properties within its seven acres of land. This development will create a community feel, with the advantage of nursing staff on hand at Bradeney House, as well as being fully alarmed in case of need. This development will complete in February 2016.
Holy Cross Care Homes Ltd bought their first care home in Shrewsbury, Holy Cross, in 2001 which provides 57 residential rooms. They employ 200 members of staff across the group and will see the creation of a further 12 jobs at Bradeney House to support the independent living development.
Les Jones, Director of Holy Cross Care Homes Ltd, explains: “We are still very much a family run business with my wife, Jane, on hand each day as a care manager and my sister, Julia, taking care of the financial side of the business.
“We have considerable experience of running two reputable care homes in the Midlands and we are excited about making best use of the extensive grounds we are fortunate to have at Bradeney House to create a high spec independent living environment. Thanks to our new banking partner, The Royal Bank of Scotland, we can achieve this.”
Kam Sangha, Senior Healthcare Relationship Manager at The Royal Bank of Scotland, said: “Supporting customers with their expansion plans for the benefit of all is very rewarding. I have worked in partnership with Richard Henshaw, National Healthcare Business Development Director, to complete this deal and we both wish Les and all the team the very best of luck as they bring this high standard of independent living to fruition.”