Stockport-headquartered care provider, Creative Support, has secured a £25 million re-financing deal to ensure a sustainable funding structure for the future.
Audit, tax and consulting firm RSM helped Creative Support with the funding deal that will support the care provider’s future long-term security and growth.
Creative support is a national provider of supported living, prevention and care services and employs 5,000 who support 7,000 clients with support needs including autism, mental health conditions, physical disabilities and those who are older. The care provider relocated its Head Office to Stockport in 2017.
Ashley Suter, who leads RSM’s debt advisory service in the North West said:
The work that Creative Support does is vital. The team make a real difference to thousands of people and they have continued throughout the current crisis to provide leading and essential care services. We were delighted to advise on this transaction and provide a number of funding alternatives, in what are very challenging times. Creative Support is well known for its reputation of working in partnership to deliver innovative person-centred support. This is testament to Anna [Lunts, CEO] and all her colleagues’ hard work, determination and compassion, and it has been a genuine pleasure to work with them.”
Anna Lunts, CEO of Creative Support said:
Ashley Suter and the highly professional RSM team were personable and motivational and their application to the assignment and enthusiasm for our business never flagged. They did a fantastic job of advising and supporting Creative Support throughout this challenging process, right up to achieving successful completion of the new loan facilities, on time and as planned.”
The funding has been provided by Barclays.