The ageing population means there are more retirement homes than in the past and this has become an important sector.
However, recent changes in funding have impacted on occupancy levels and care homes have become more cost conscious and a shift to ‘care in the community’ has added more pressure on finances.
We have considerable experience of supporting businesses in this sector, and understand the issues facing the managers. We can help you through providing support activities, such as accounting and financial management, payroll, growth, financing, and other business support services.
We also have experience in obtaining HMRC allowances, which may be available on the purchase of capital equipment. Funding is always a challenge, and we have excellent contacts with the banks for provision of finance to this sector.
We also advise on the best business structure for continuing operations, and support growth strategies. We support a range of businesses, from owner-managed and privately owned to large portfolios that include care homes (retirement/residential homes for the elderly), nursing homes, learning disability, special needs, rehabilitation, domiciliary care agencies and foster and adoption agencies.