The Royal Bank of Scotland has restructured and provided finance facilities for Princess House in Sunderland to extend their residential care home to provide a further four bedrooms in a deal worth £430,000.
Princess House has been owned and run by husband and wife team, John and Jennifer Young, since the late 1990’s. Set on Sunderland’s seafront at Seaburn, the care home offers a scenic location for their 26 elderly residents. Nearly 20 years on the couple decided to extend the property due to the demand they were experiencing for further bedrooms. The four additional rooms are already occupied and are decorated to a high standard to reflect the overall care home and the service provided.
John and Jennifer’s daughter, Nicola, also works in the home and is being trained to succeed her parents in the future where she will be fully supported by 21 qualified and experienced employees. Princess House has achieved a successful £466,000 turnover and the new extension will help pave the way for further growth.
John Young, Director of Princess House, explains: “We are very much a family run business which our residents and their families really like and is one of the reasons they choose Princess House as the place for their care.
“We are well established in Sunderland and have made many improvements over the years, adding a conservatory, converting the attic and an ongoing refurbishment programme taking place. Now was the right time to extend and provide further accommodation and we are delighted to welcome our new residents to Princess House.”
Sarah Thompson, Healthcare Relationship Manager at The Royal Bank of Scotland, said: “We have always enjoyed working with John and Jennifer not only because it is rewarding to see our customers improve the home, but because I live near to Princess House and am fully aware of the fantastic reputation they have established for first-class care in the area.”