DC Care has completed the sale of Queen Margaret’s Nursing Home on behalf of Hawkfish Limited for an undisclosed sum.
The landmark building in Scarborough was a private residence and a school before it became a nursing home.
The outgoing owner has owned the business for well over a decade and was keen to see it handed over to someone they felt would continue to develop the business and ensure its ongoing service to the local community. The new owners, Mike and Melanie Padgham, are very well known in the care industry, already running a successful residential care home in Scarborough. Mike also chairs two influential bodies – the United Kingdom Homecare Association (UKHCA) and Independent Care Group (York and North Yorkshire).
DC Care’s regional director, Alison Willoughby oversaw the sale, which was funded by Phillipa Bagshaw, healthcare specialist senior relationship manager at NatWest Bank who says: "We are delighted to assist Mike and Melanie on their acquisition and wish them every success for the future."
Alison says: "I am absolutely delighted to have been able to be a part of this sale. Queen Margaret’s is an iconic building, being very hard to miss in Scarborough. To know it will continue to serve the local population and provide continuity of care is heart warming.
"My client had very particular views on the ideal next owner for his care business; someone with empathy, passion and drive. I think we’ve delivered on all fronts and I know my client will now be taking the opportunity of enjoying a well earned retirement.
"Mike and Melanie Padgham have lots of ideas on ensuring the future of Queen Margaret’s and I look forward to seeing them come to fruition."
