RBS funds homecare provider

Posted on April 1st, by editor in Caring Times. No Comments

Edgbaston based Claimar Care Group plc, which successfully floated on the Alternative Investment Market at the end of January, has secured a funding package from The Royal Bank of Scotland (RBS) to help meet its growth plans. Claimar Care Group was formed in 1994 and has since grown into a major homecare provider for elderly and infirm people. The company now employs more than 850 staff and has a branch network of 18 offices across the Midlands and the North West, delivering more than 35,500 planned visits each week. More than 95 per cent of its revenues are derived from long term contracts with 21 local authorities served by its branch network, with the balance generated from private customers. The RBS funding package provides the company with a flexible facility, allowing the company access to capital to fund strategic acquisitions while also providing an improved level of working capital facilities. Keith Webb, regional director of corporate development, arranged the funding through the Birmingham corporat

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