North East care provider, Ascot Care, has completed a multi-million pound refinance deal with HSBC UK, with support from Mincoffs Solicitors and RMT Accountants and Business Advisors, allowing for further expansion.
Ascot Care currently operates seven care homes across the region and recently acquired two new care homes. The funding received from the refinance will allow the business to grow and expand further across the North East and beyond. The care provider also owns Ascot Care Agency, which delivers high quality home care and live-in care in the region.
This refinance deal is an important step for Ascot Care in achieving their long-term growth goals. According to Gareth Nesbit, director at Ascot Care, the funding will help them expand their portfolio with care homes that fit their profile. Mincoffs Solicitors provides a full range of services and worked closely with Ascot Care on this deal. Corporate partner, John Nicholson, real estate partner, Malcolm Wood, and real estate solicitor, Jordan Down, were involved in the deal.
Paul Gainford, director of commercial services at RMT Accountants and Business Advisors, expressed his excitement for Ascot Care and how the business has now positioned itself for significant growth over the coming years.