DC Care has completed the sale of Queen Margaret’s Nursing Home on behalf of our client, Hawkfish Limited for an undisclosed sum. This is a landmark building in Scarborough and has, over the years, been a private residence and a school, before it became a nursing home. The transaction was managed by DC Care Regional Director, Alison Willoughby.
The outgoing owner has owned the business for well over a decade and was keen to see it handed over to someone they felt would continue to develop the business and ensure its ongoing service to the local community. The new owners, Mike and Melanie Padgham, are very well known in the care industry, already running a successful residential care home in Scarborough. Mike also chairs two influential bodies – the United Kingdom Homecare Association (UKHCA) and Independent Care Group (York and North Yorkshire).
DC Care’s Regional Director, Alison Willoughby oversaw the sale, which was funded by Phillipa Bagshaw, Healthcare Specialist Senior Relationship Manager at NatWest Bank who said "We are delighted to assist Mike and Melanie on their acquisition and wish them every success for the future."
Alison said: "I am absolutely delighted to have been able to be a part of this sale. Queen Margaret’s is an iconic building, being very hard to miss in Scarborough. To know it will continue to serve the local population and provide continuity of care is heart-warming. My client had very particular views on the ideal next owner for his care business; someone with empathy, passion and drive. I think we’ve delivered on all fronts and I know my client will now be taking the opportunity of enjoying a well-earned retirement. Mike and Melanie Padgham have lots of ideas on ensuring the future of Queen Margaret’s and I look forward to seeing them come to fruition."
For more information, or to discuss the sale of your care business, call DC Care on 01937 849268.