Investing in the future of care.

Mitchells have been supporting the care home industry since 2005, supplying a wide range of sector specific services to operators locally and nationwide.

Our team of specialist ‘care home accountants and business advisers’, proactively work with care providers to grow their business, minimise tax liabilities and increase profitability.

We understand that care home entrepreneurs are driven by vision and change, recognising the importance of taking advantage of every opportunity in an ever-changing business environment. This is why we have worked hard to ensure we deliver a range of care home accountancy and business services that are finely tuned to deliver success in this environment.

With approximately 90% of care homes now being in the private sector and demand for residential care home places forecast to grow by more than 18% by 2020, there is huge competition in this marketplace, but for those with the right skills set there is also great opportunities.

Whether you are looking to enter this sector for the first time, or expand your existing business, Mitchells dedicated team of care home specialists have all the in-depth knowledge you could ever need to ensure you continue to grow and develop.

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Care Homes In The Private Sector

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Increase in Demand for Care Home Places

Number of care homes we act for

What you can expect from us…

Professional advice & assistance.

Proactively we will work with you to grow your business, minimise tax liabilities, increase profitability and build the value of your investment. Our experienced team will do all the time-consuming research and admin, leaving you to focus on the day to day running of your business.

Understanding.

Understanding where you stand within your business is vital. That’s why, when you come on board with Mitchells, you will be allocated your own dedicated accountant, who will become an extension of your business. They take responsibility for all of your needs, tracking your business performance, whilst working alongside you to provide direction and focused advice.

Help in achieving your goals.

One of our longest standing clients approached us in 2006 to help and support them through their first care home purchase. Through the guidance and support of Mitchells they have now expanded into a major player, owning in excess of 60 homes.

Related Case Studies

  • Alma Care UK
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  • Knights Care Limited
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  • Ambience Care (Blackwell) Limited
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  • Ebury Court Residential Care Home
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  • Hill Care Limited
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We can make a difference…

Audits.

Drawing on our extensive industry knowledge and our deep understanding of regulation and legislation our friendly and professional team will tailor their approach specific to your business, based on their sound understanding of your organisation, the care sector and the financial risks that face it.

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Business Funding.

From buying a first care home to refinancing well-established groups, we can assist with arranging bank funding.
We also work with a panel of industry experts to provide access to a myriad of specialist investors and funding options.

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Capital Allowances.

We work with industry leaders to ensure our clients make all the capital allowances claims that they are entitled to.

Over the years this has resulted in tax savings for several clients in excess of £100,000.

Financial Due Diligence.

Usually a pre-requisite for banks and venture capitalists, our due diligence service can also help uncover “skeletons in the closet” that might affect your decision to acquire or invest in the business.
After the due diligence process, you’ll have a much better understanding of the potential strengths, weaknesses, opportunities and threats of the target business.
Our expertise and understanding of the sector enables a quick and efficient process targeting key areas specific to the industry.

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Payroll.

As care home operators often have a large number of employees, our dedicated payroll bureau provides employers with a flexible, high quality solution for all your payroll needs.

Our specialist team can also handle all aspects of auto enrolments by offering employers a range of solutions that can be tailored specifically to any individual business.

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Management Accounts.

With an increasing level of scrutiny imposed by funders often wanting monthly or quarterly management accounts, we can help in preparing the management information in a format acceptable to the funders. We can also assist with the calculations of bank covenants and the preparation of bank covenant reports.

Acquisitions & Disposals.

We have advised on several deals over the last few years from single home purchases and sales to the acquisition of large groups.
We are able to offer a comprehensive service to clients wishing to expand or exit a business.

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Virtual Finance Director.

In our experience smaller care home operators often do not have the workload to warrant a full time Finance Director position.

Virtual Finance Director provides you with years of sharp end financial and management experience, at a fraction of the cost of employing a full time person.

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Tax Planning.

Over the years we have inherited several care home clients who pay too much tax because of the way that the business has been structured.
We ensure that businesses are structured in the most tax efficient way to enable clients to achieve their desired goals and objectives.
Additionally, our specialist tax advisers can pinpoint areas where tax can be mitigated by identifying further tax planning opportunities.

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Share Schemes to Motivate Key Staff.

We can help set up incentive arrangements, bonus schemes and a range of other flexible benefits that are proven to motivate employees.

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“We would be lost without Mitchells. Their support is invaluable and they know our business inside out. They work with us to explore ideas and then they go out and get the answers. Mitchells make important business introductions that allow us to gain the right finance through their extensive network of contacts. Their services are an extension of our business and we couldn’t function without them.” – Wendy Waddicor – Hill Care Ltd

How can we help you?