Care group secures funding boost

A Yorkshire-based residential care provider has strengthened its financial position with the successful refinancing of its existing lending arrangements.

Constantia Healthcare Group has agreed a new facility with Barclays Bank. 

The family-owned business operates nine care homes across the North East, Yorkshire and Lancashire, offering residential, nursing and specialist complex care. 

Headquartered in Beverley, East Yorkshire, the group’s refinancing move provides a platform for future expansion and investment across its portfolio.

Anthony Massouras, chief executive, and Nick King, financial director of Constantia Healthcare Group, said: “We are delighted to have secured this refinancing with Barclays Bank which will help us fund our next phase of growth.

“We would like to thank our legal advisers Clarions and property reporting consultants Knight Frank who acted supportively and smoothly throughout. 

“A big thank you also to Shawbrook Bank who supported us at the start of our business development, especially through a challenging period around Covid19.

“We were also greatly assisted by Trevally Capital who were pivotal to the successful business model we adopted around our growth strategy.

“We would also like to extend our thanks to legal advisors Addleshaw Goddard (Barclays), Trowers & Hamlins (Shawbrook Bank), and Blake Morgan (Trevally Capital), for their support and facilitating a successful transition to Barclays.”

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