Liverpool Care Home accelerates their growth plans with a Business Loan

The Customer

Since its inception in 1948, Stapely Care in Liverpool has been offering nursing and residential care. Going from strength to strength, Stapely Care has expanded over the last 20 years, introducing new nursing wings, completing refurbishment works, together with the introduction of residential units. 

Set within 3.3 acres of a south Liverpool suburb, the site includes Fernlea House, the former family home of famous biscuit manufacturer, Crawfords. Stapely Care’s plan for Fernlea House is to create new premium suites, becoming the heart of the planned Stapely Retirement Village.

These deluxe units will have spacious living, kitchen, and dining areas, plus bedroom and ensuite bathrooms, which are ideal for later life residency. This will allow Stapely Care to cater for the full span of later life care.

Challenge

A finance facility was required to accelerate the assisted living conversion project, generating further income streams into the business. Stapely Care reached out to us and after initial discussions, it became clear that Stapely Care valued our specialist knowledge, together with our personal approach and ability to react quickly to address their needs.  

Solution

David Angus, Sales Director and Linda Wickens, Area Sales Manager of Braemar Finance visited the site and spent time getting to know the Director and Trustee, Philip Ettinger, as well as meeting some of their staff and contractors.  

Understanding the plans of the business gave us comfort to be able to meet the needs of Stapely Care through a fixed term Business Loan, enabling the accelerated growth and allowing them to continue to move forward with plans after the recent challenges of COVID.

Results

Providing a fresh Business Loan facility to allow the accelerated completion of 19 independent later living units, which will initially be sold to individuals wishing to benefit from the security of additional services on a day-to-day basis. 

Stapely Care’s long-term vision is to become a senior living ‘village’ which includes a spa and gym, swimming pool, and shop, plus easily accessible health care. From this setting, Stapely Care will provide dynamic and exciting events to residents and their families, all within touching distance of their homestead.

Linda said “David and I visited Stapely Care and were really impressed with the business, the staff, and the overall ethos. We were warmly welcomed by the trustees and staff, who clearly wished to develop a long-term collaboration to facilitate their ultimate project aims. Seeing first-hand the incredible service Stapely Care provides, we hope to remain integral to their long-term plans.” 

Philip commented “At Stapely Care we pride ourselves on always moving forwards, both in the immediate and long-term future – that is why having a trusted and reliable finance provider is important to support our future growth. Braemar Finance was great at implementing a finance solution that suited our business. The whole process was efficient, with a prompt turnaround.”