Family-run homecare provider experiences 'game-changing' growth
Expert home care provider Harmony Healthcare has created 110 new roles in the care sector - growing from five to 30 internal employees and created 80 new direct care positions -following a £750,000 invoice-based lending facility from Sallyport Commercial Finance.
The cash injection has allowed the organisation to recruit highly qualified carers and nurses from overseas to help overcome the staff shortages currently experienced in the UK’s healthcare sector, and to expand its training offering for all its employees.
Based in London, Harmony Healthcare is a family-run healthcare business with a turnover of £9m per annum that provides complex care services to the NHS, as well as private clients in their homes across the South of England. Formed in 2015, they provide care assistants, support workers and registered nurses who support clients with a range of conditions, including complex care for serious conditions such as spinal injuries, motor neuron disease and cerebral palsy.
Rajesh Doshi, CEO of Harmony Healthcare said: “At Harmony Healthcare, our mission is to provide the highest standard of healthcare services to our community. Demand for our services has increased so significantly that we needed to source a reliable financial partner to recruit at scale, but we wanted to ensure our financial partner would match the quality of our healthcare services and become a true extension to our team.
“From the outset, Sallyport has been more than just a financial provider – they've become a partner in our growth. The relationship created, advice given and lending provided has been a real game-changer to our business. They have become a true extension to our team and support our ambition of servicing more clients across the UK as we continue to grow.
“Their professional team has consistently offered timely, efficient, and transparent factoring solutions, allowing us to focus on what we do best: caring for our patients.”
Sallyport Commercial Finance is an active member of the Homecare Association and has worked closely with the homecare sector since the UK arm of the firm launched in Glasgow earlier this year.Andy Tait, Managing Director of Sallyport Commercial Finance said: “Harmony Healthcare was experiencing high demand for its quality healthcare services, but was unable to grow quickly. We are pleased to have been able to support them as they expand their business and help them to maintain a steady cash flow with our factoring solutions, and most importantly help them to provide more valuable services to people who need them.”