Entrepreneur secures funding for care home acquisition
Entrepreneur Rick Kaul has acquired Supreme Home Care in Telford after he secured £350,000 in funding.
UKSE contributed £200,000, and BCRS Business Loans provided an additional £150,000, resulting in 130 jobs being safeguarded and the potential of 50 roles being generated.
Supreme Home Care, located in Pearson Road, Telford, offers emergency, rehabilitation, and long-term care for adults with diverse physical and mental needs, along with at-home respite support.
UKSE’s West Midlands team supports local job opportunities and economic growth by offering loan and equity packages of up to £1m to SMEs in Birmingham, the Black Country, Coventry, Staffordshire, and Telford.
Meanwhile, BCRS Business Loans aids struggling businesses in the West Midlands and Wales, providing loans ranging from £10,000 to £150,000 to support growth and recovery plans.
Kaul said: “Supreme Home Care is a successful business providing high-quality at-home care services to adults in the
region. I plan to create additional job opportunities as we expand into complex critical care support and specialised care for adults and children. In addition, we will be working with Telford College to provide level 3- level 6 health and social care apprenticeships. I would like to take this opportunity to thank UKSE and BCRS Business Loans for their support.”
UKSE area manager Steve Grice, said: “We are proud to announce Supreme Home Care as one of our first investment deals for the newly formed UKSE West Midlands team. Supreme Home Care is a strong example of a growing company that is sustaining valuable jobs and strengthening employment in the region.”
Stephen Deakin, chief executive at BCRS Business Loans, said: “We are so pleased to have delivered the funding together with UKSE to safeguard and create future jobs. As a lender that delivers funding for intentional social and economic impact, it is great news that the funding will secure the future of Supreme Home Care.”
