Community Careline Services secures £12m

With an investment from Gresham Trust and a banking facility provided by Bank of Scotland the company is set to develop its care services and consider acquisitions.

Private equity house Gresham Trust has invested £8m in Community Careline Services Limited and Bank of Scotland is providing £4m in banking facilities for the company.

Community Careline Services Limited is a provider of domiciliary care service. It is planning a significant expansion of its business with the cash raised. The company has grown rapidly since it was set up and it also intends to look at acquisition opportunities. Ken Lawrence and Mark Hammond of Gresham Trust join the company’s board as non-executive directors.

The care service company provides a wide range of home services on behalf of local authorities nationally. It was set up by its managing director, Michael Headley, in 1990. The company now has 25 contracts with local authorities across the UK and employs more than 1,000 staff. It also manages a substantial franchise network of homecare providers.