New owner for Suffolk village care home

  • 26th January 2024

Briars Care Home

Christie & Co has announced the sale of The Briars Residential Care Home in Glemsford, Suffolk.

The Briars is a well-established residential care home that is registered for 17 residents and occupies a period property with substantial, modern extensions.

The home is located on a main road in the picturesque Suffolk village of Glemsford, between a convenience store and a social club.

Following a confidential sales process with Rosie Turner at Christie & Co, and with funding sourced through Ashley Clements at Christie Finance, the home has been purchased by existing operator, Kay Naidoo, who has another home in the region.

Turner said: “This is another great example of the demand that exists for smaller homes and highlights the importance of using the right funders, brokers, and solicitors.

“This deal ran extremely smoothly, and we turned it around in a great timeframe.

“While there are additional challenges within deals, such as the interest rate rises and wider economic factors, signs still point towards a positive outcome for smaller going concerns within the region.”

Ashley Clements, finance consultant at Christie Finance, added: “The funding market can be challenging when expanding your business, with lenders having repositioned their appetite/policy in recent years.

“Our whole-of-market approach allowed me to source a selection of offers for Kay to consider, which was a key part of the process of finding the right lender.

“From a lender’s perspective, there is still very much a focus on experience in the sector, direct or otherwise.”

The Briars Residential Care Home was sold for an undisclosed price.

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