North west home care company secures £2million funding to support growth plans
Home care company Alcedo Care Group has secured a £2million funding facility with merchant banking group Close Brothers to support its growth plans for the rest of this calendar year.
The company say the financing will help the business achieve its objective of doubling in size before the end of this year.
Established in 2017, and having already opened six new offices in the last 12 months, Alcedo say the additional funding will support an additional five offices and see a 40% increase of the company’s workforce to nearly 1,100 employees.
Run by husband and wife team, Andy and Jo Boardman (pictured), Alcedo say they bring something different to the sector by recruiting only the very best carers and retaining them by placing value on job satisfaction, training, and continued professional development.
Commenting on the new funding deal, managing director Andy Boardman said: “We’re delighted to partner with Close Brothers on this dedicated funding facility that will help support our expansion plans and enable us to achieve our growth objectives at pace.
“Close Brothers understands fully our aspirations to become the definitive provider of choice for home care in the North West and those looking to remain independent in their own homes.”
Picture (c) Alecdo Care Group.