Ringwood: Colten Group bolstered by £41m HSBC funding facility
The Colten Group, a family-owned South Coast care provider headquartered in Ringwood, Hampshire, has secured a £41 million HSBC funding facility to support its continued expansion. The group is unique in the care home market as it is the only UK operator which designs, builds and runs its own homes, ensuring all are registered for nursing care.
Mark Aitchison, chief executive, said: “Our new HSBC funding package ensures we retain ownership of all our homes. It provides a secure long-term financial structure and delivers additional debt facilities to support our continued growth through building new homes. We offer the highest standards of elderly residential, nursing and dementia care.”
Michael Harrison, relationship director at HSBC commercial banking, said: “Colten is a premier care home operator. We are delighted to be working with it as a new client and have put this funding facility in place over the course of the past year to enable the management team to drive company growth and future development.”
From converting a private house in Lymington, Hampshire, into its first care home more than 30 years ago, the Colten Group has grown town and run 20 Carlton Care homes, 11 in Dorset, seven in Hampshire and one each in Wiltshire and West Sussex. Together, up to 1,100 residents are cared for and more than 1,700 staff are employed.