Expanding group purchases fourth home
Morris Lane, Chartered Accountants, and specialists in the care home sector, have helped new owners Aru & Karthika Sivananthan to complete on the purchase of Aspray House nursing home which is centrally located at the heart of Leyton in Walthamstow. The purpose built home is situated across four floors and is registered for 64 residents with each enjoying their own ensuite bedroom.
Aspray House carries the Investors in People Award along with the Quality Standard ISO 9001 with the home specialising in dementia care. This is the fifth home around the M25 that the Sivananthan’s have purchased, the other three being in Surrey including The Red House which recently achieved an ‘Outstanding’ rating from the CQC.
Aru said ‘We are thrilled that we have been able to purchase Aspray House and would like to thank Nat West who have helped fund the purchase and my advisers including Morris Lane for helping to get this deal over the line. Our Surrey homes have a great reputation for their high standards of care, and money is already being spent on Aspray House to bring these up to the same level and to ultimately improve the lives of our residents’.
Jon Hoyle who has acted for Morris Lane on this acquisition and commented ‘We are delighted to have acted for Aru & Karthika on the purchase of Aspray House. Having assisted on the due diligence, we feel this purchase is a good fit for them and are confident they will continue to provide great care and conditions for both the residents and staff. We wish them continued success and look forward to continuing to work with them as they grow their new home.’
Pictured: L-R Roger Morris of Morris Lane, Aru Sivananthan and Jon Hoyle of Morris Lane