We are extremely honoured to announce our involvement in the recent sale of Willover Property Limited which owned and operated Stanley House and Abbeydale Nursing homes in Derby.
These well-presented, converted, and extended care facilities were opened by the Shepperson family back in 1975 and 1986, respectively.
The management run nursing homes are conveniently clustered on the Duffield Road, close to Derby city centre, both are rated Good by the CQC and are registered for a total of 83 residents.
Former director Mike Shepperson commented:
“It has been an honour and a privilege to care for so many wonderful residents and to work alongside a truly dedicated team. Abbeydale and Stanley House have always been about putting people first and I am confident that through the sales process by NGA Care, the homes are in excellent hands.
Selling a business that has meant so much to my family and I was a significant milestone, and I couldn’t have done it without the exceptional support of our accounting and tax advisors PKF Smith Cooper. Their expertise, dedication, and calm guidance throughout the transaction were invaluable. I’m deeply grateful for their role in making this process smooth and successful.”
The nursing homes were acquired by local care operators Iqbal and Perminder Sanghera, who own the award-winning New Lodge Nursing Home in Mickleover. Iqbal comments: “It was a pleasure working with Nick Greaves of NGA Care on a successful transaction, the whole process from start to finish was well managed and professional. Stanley House and Abbeydale’s values, staff, and community ties will remain intact. The homes have been a cornerstone of Derby for five decades. My priority is to honour its heritage while ensuring seamless continuity in the exceptional care residents and families rely on”.
Accounting, Taxation and Transaction Support Services for the sellers was handled by David Nelson Senior Partner at PKF Smith Cooper, with Employment Tax advice led by Megan Jones. Martyn Brierley, Partner & Head of Corporate & Finance at Flint Bishop, assisted by George Ottewell and Louise Calow, superbly dealt with all legal aspects of the transaction. Nick Greaves of NGA Care marketed the Group for sale and identified the buyers.
Pennington’s solicitors acted buyside, with Rob Burns of Hazelwoods undertaking the financial and tax due diligence process. Funding was arranged by Steve Sargeant at Barclays.
