Nobilis Care, a provider of personalised at-home care for the elderly and vulnerable, has secured a £3.5m investment from independent asset manager BOOST&Co. The funding will be used to enhance the firm’s working capital and enable expansion into new territories.
The Southampton-based company, which currently employs more than 750 people, has a growing network of 13 branches around the UK. The investment from BOOST&Co will enable Nobilis to expand these branches, catering for increased demand and ensuring that people can access high quality care across the country. Nobilis also aims to add additional branches in new geographies in the next 18 months.
The business was founded in 2008 by husband and wife David and Nicky Watt, following their struggle to find quality care for a family member. The company prides itself on delivering personal, at-home care to enable elderly and vulnerable people to remain independent, while giving them and their families peace of mind. Its philosophy has always been “care quality we would expect for our own relatives”. Nobilis offers short term care, live-in care, regular home visits and access to a digital family portal.
BOOST&Co has chosen to work with Nobilis because of its status as a rapidly growing business that has a clear focus on providing the best quality of care. The company sets an example for others in the industry to aspire to, paying market-leading salaries to attract and retain top talent and maintain the highest level of service.
Adam Brinn, Head of London and East at BOOST&Co, says: “We are pleased to support Nobilis with this funding round that will support growth and working capital across the group, as it continues to expand into new territories.
“The focus on investing in its people and maintaining quality of care at a time when the sector is facing multiple challenges, really demonstrates the resilience of the management team and their determination to stand by their mission. It was a pleasure to work with David and Lisa and we look forward to supporting the business in the future.”
David Watt, Chairman at Nobilis Care says:“This investment from BOOST&Co will be invaluable in helping us to continue our mission to improve care in the community, make it more accessible and ensure that the elderly are able to retain their independence. It has been a pleasure to work with the team at BOOST&Co and we are looking forward to expanding the reach of our services across the UK, continuing to employ the very best carers to provide the highest quality of care and enabling more clients, and their families, to access this support.”
BOOST&Co is a leading provider of growth capital for innovative, fast-growing UK SMEs. The independent asset manager offers loans ranging from £2m to £10m, covering a wide range of sectors. It has funded more than £500m across more than 130 deals to date and provided close to £200m under the government’s CBILS initiative to support SMEs during Covid-19.
For more information on BOOST&Co, visit boostandco.com
For more information on Nobilis Care, visit www.nobilis.co.uk