October 16, 2019 Finance

Care home business in North Yorkshire expands with Barclays backing

 

A North Yorkshire care home business has expanded with funding from Barclays.
HCPH Ltd has completed the purchase of two residential care homes in the Selby area.
Husband and wife team Adam and Helen Thompson also co-own domiciliary care business Riccall Care Ltd and the group will be headquartered at Escrick Business Park. The new funding from Barclays has enabled the purchase of the Abbey Lea and Westwood residential care homes area.
HCPH will provide residential care services to the two homes, while Riccall Care will continue to offer private and local authority home care to clients across York, Selby and the surrounding villages.
The group now employs 200 people with plans to expand as turnover grows.
Adam Thompson, managing director, Holistic Care Provision Ltd, said: “We are very excited to be expanding our vision of providing an exceptional, holistic care that caters to all of our client’s needs. Our priority is improving the quality of life for those who choose to reside at home and now also in our residential care. Maintaining their privacy, dignity and ability to manage their own lives, the new care homes will enable us to support more families with the care of their loved ones and it’s fantastic that Barclays has been able to support us on our growth journey.”
Paul Craske, Barclays business relationship director, put together the funding package for the deal and added: “Adam and Helen really impressed me with their growth plans and we’re delighted to be able to support the completion of the two care homes. Holistic Care Provision is a well-run family business and we look forward to seeing the business develop and grow over the coming years.”

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