Home care firm secures £2 million to double in size by end of 2021

Domiciliary care firm Alcedo Care Group which has offices across North West of England, has secured £2 million to achieve its goal of doubling in size by the end of 2021.

Alcedo Care, run by Andy and Jo Boardman, employs a team of 700 carers and has opened six new offices in the last 12 months alone. The husband and wife team now plans to use the £2 million to open five new offices by the end of this year.

The home care provider is looking to increase the size of its team by 40 per cent to nearly 1,100 employees. Founded in 2017, Alcedo Care intends to hire more carers and retain them by focusing on job satisfaction, training, continued professional development, internal promotion prospects and pay.

The deal with merchant banking group Close Brothers Invoice Finance will help Alcedo Care double its annual turnover from £10 million to £20 million and double its weekly client care hours from 10,000 to 20,000.

The company wants to deliver 2.5 million annual care hours by 2025.

Managing director at Alcedo Care Group, 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.”

Regional sales director at Close Brothers, Kate Prince, said: “Alcedo Care is such a special business with a unique proposition driven by the passion of Andy and Jo Boardman who have created a strong positive culture based on genuine care for their home-based clients and employee team.

“We’re delighted to be able to provide finance in support of their goals and are confident that they will soon become one of the leading players in the market.”

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