January 8, 2019 Finance

New owners bring Stoke care home back to life

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A Stoke-on-Trent care home has been taken on by new owners following a £9 million HSBC UK finance package.

Trentham House nursing home had fallen into difficulties and required significant improvements. Using the £9 million HSBC UK finance package, the new owners, the Twigge family, bought the property in November 2018. The business will invest £1 million to renovate Trentham house and improve the facilities for both staff and residents.

The family, who own Bradwell Hall nursing home in Newcastle-under-Lyme, will use their wealth of knowledge and strong management team to restore Trentham House and expand the nursing spaces, as they have already done at Bradwell Hall.

The renovations, which begin in January and are expected to last for 12 months, will include 60 new en-suites, new carpeting across the whole property, installation of new specialist beds, mattresses, hoists and the complete re-fit of 60 rooms. Trentham House is already home to twenty residents and will see a further 70 residents move in following the completion of the renovation. The business hopes to create up to 200 jobs, including nurses, carers, kitchen staff, maintenance workers and domestic staff, and increase turnover to £3.5 million.

Edward Twigge commented: “Trentham House used to be an outstanding care home and we are committed to returning it to its former glory. The renovations planned for the home will provide a warm and welcoming environment for residents as well as create job opportunities for the local community. The support of our Relationship Manager at HSBC UK, Andy Wyeth, has been key in helping us put the renovation programme in place.”

David Ramsden, Corporate Banking Area Director in the West Midlands, HSBC UK said:
“The Twigge family have successfully run Bradwell Hall for the past 30 years and saw an opportunity to take on Trentham House and replicate this success. We are always inspired by businesses which play such an important role in the community and strive to ensure they can develop and expand their presence in the market.”

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