Clydesdale Bank heads £12.75m refinancing deal for Scottish and Welsh care home provider



H&H Care Homes Limited has agreed a £12,750,000 deal with Clydesdale Bank to refinance debt on three of its largest care facilities, as part of wider plans for new expansion.

Silver Trees Care Home 

The group, which owns Handsale Care Homes, has refinanced its Caledonia, Westerfield and Sŵn-y-Môr developments in Scotland and Wales, which provide a mix of local authority and privately funded places for over 240 residents.

The refinancing deal was made with support from Clydesdale Bank’s health and social care team.

The deal will enable the company to free up extra working capital, helping it to make further acquisitions in the sector, raising the number of beds it operates, particularly in the Scottish healthcare marketplace where it eyes growth, including new build developments.

Founded in 1988 and headquartered in Pinner in Middlesex, Handsale Care is a family business offering high-quality residential, dementia and respite care to elderly residents at eight homes across England, Scotland and Wales.

Bharat Sodha, owner and founder of H&H Care Homes, said: “In light of our sustained growth, refinancing made strategic sense for our business and was always a cornerstone of our growth plans.

“Clydesdale Bank’s sector-specific team was a natural fit for us, especially given their established credentials in the healthcare industry. The competitive terms they have provided to us for the new lending will help us optimise our cash flow, which is so crucial as we look to expand the firm’s footprint in the years ahead.”

Catherine McDougall, director, health and social care at Clydesdale Bank, added: “Bharat and his family management team have a proven track record and are well known across the industry for offering high standards of care. We are thrilled to be working closely with them at such an exciting time for the group.

“Our team remains committed to supporting Britain’s Health and Social Care businesses, which are so crucial to the health of the industry, to those who need expert care and their families and friends.”



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