21 September 2017 | Care Mortgages

Stoke-on-Trent LD care home changes ownership

Christie Finance has assisted a first time buyer into the UK care sector with funding to purchase Roughcote Hall Farm, a learning disability care home in Caverswall, Stoke-on-Trent.

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Roughcote Hall Farm is registered for eight service users and provides a wide range of disability care services. The business has been providing care since 1986 and has a CQC rating of 'Good'.

The previous owner has decided to retire from the sector after 30 years of ownership and put the home up for sale. Stuart Pawelczyk, Associate Director at Christie Finance, helped the new owners, Mr Ben Zion Pereplotchik and Mr Menahem Pereplotchik to secure specialist funding to facilitate the purchase of the business.

The two brothers have many years of experience in both healthcare and business management in their native country of Israel and were looking for their first acquisition in the UK. Ben and Menahem have immediate plans to add a ninth bedroom to the home plus plans in the future to utilise the land attached to the property to create additional supported living units.

Commenting on the deal, Stuart said, "I am delighted that I was able to help our clients secure their first business and this deal demonstrates the international interest of buying in the UK care sector. Although Ben and Menahem have considerable experience in healthcare and business, it was key for them to use our specialist knowledge of the whole of the UK lending market to secure them the most competitive deal."

Christie Finance will be attending the upcoming Care Show at the NEC Birmingham on the 10th and 11th October, where Stuart, along with other care sector specialists from Christie Finance, will be available to provide support and insight into the care finance market.