Care home bought from receivers with HCR support

1st April 2019

Woodlands Manor care home in Winterbourne, near Bristol, has been sold to the owners of the successful Geniecare Homes Ltd group for £3.9m with support from healthcare property experts Harrison Clark Rickerbys (HCR).

Woodlands Manor and the associated care business were being handled by administrators and receivers – the home had been rated inadequate by the Care Quality Commission (CQC) in 2018. Both have been bought by Sehnaz and Richard Butt, who own another five care homes in the south west, all with good CQC ratings and one rated outstanding for caring. The sale will enable the new owners to provide better quality of care to the 29 residents – Woodlands Manor has 49 staff and will in future accommodate up to 59 residents.

The HCR team, including Syed Alam on the property side and Hayley Phelps from the insolvency team, has worked with Richard and Sehnaz before. Syed said: “We were delighted to be able to support this – it’s an excellent outcome for the new owners and for the residents.”

Shenaz Butt said: “We have worked with the HCR team before, and this was more complex than previous experiences because of the involvement of the receivers and administrators. But the fact that HCR could provide all the expertise we needed in one team was invaluable; it meant that the purchase went smoothly.

“We were very impressed with the HCR team who worked very hard to achieve completion within a short period of time, and we are looking forward to taking the business forward.”

The couple were also supported by Stephen Moore, who is a member of NatWest Bank’s healthcare team.