Partner Article

25 jobs saved as Benton Care Services acquires fellow North East care home

Stanley care home Derwent Care Limited has been purchased by Benton Care Services Limited, safeguarding 25 jobs.

With Derwent Care owner Janette Heslop retiring, Andrea Heslin, sister to Janette and owner of Benton Care, has stepped in to keep the company in family hands.

Trading from its existing premises, three converted terraced houses in Benton Terrace, Stanley, the new trading company will continue to provide residential care for adults with complex needs.

With the business purchase now completed to everyone’s satisfaction, new owner Mrs Heslin paid tribute to law firm Swinburne Maddison who acted on her behalf to secure the deal.

She said: “Thanks to the support and guidance of Swinburne Maddison, following the retirement of my sister, I have been able to take over the business as a going concern, which not only ensures continuity for our clients, but equally importantly, safeguards the 25 jobs that would have been under threat had we not been able to agree terms.

“I am delighted we are able to continue providing the high standards of care that our clients have come to expect and I look forward to getting the business back onto an even footing in the very near future.”

Swinburne Maddison provided assistance at the outset of the transaction in terms of structuring the deal and then acted for the purchaser in preparing the asset purchase agreement and driving the deal to completion. The commercial property team was also involved in the transaction, drawing up the lease agreement.

Mr Wilby added: “Derwent Care Limited has a long and proud record of providing residential care to its residents. The deal we have completed allows the business to stay in family hands whilst providing an exit for Janette upon her retirement.

“It is pleasing that we have been able to save the business and allow it to continue trading under new ownership.”

Other parties involved in the transaction were law firm Muckle and RHK Business Advisers LLP, which acted for Derwent Care Limited as well as accountancy firm RSM.

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