Temple Bright advises on £14m loan for residential care provider Bradbury House
Bristol and London law firm Temple Bright has advised on a loan facility that makes £14m available to residential care provider Bradbury House as it continues its expansion across the South West.
Bradbury House Organisation has become an established, high quality care provider for adults with learning disabilities following its launch in 1992 by Nick Bradbury.
The Stanton Drew based firm now has 10 residential homes offering 94 beds in and around Bristol, Wells, Cheddar and Weston-super-Mare, offering high quality residential and day-care provision for adults with a range of learning disabilities including autism, mental health needs, associated behavioural difficulties and forensic histories.
The new senior facility will be used primarily to fund continued expansion through the acquisition of new sites to complement its portfolio, which also includes a purpose-built day care centre on its own farm near Wells.
This 250 acre farm has been specifically designed to offer a range of outdoor activities and educational courses, primarily concerning horticulture, agriculture and animal care.
Temple Bright advised the lender, a longstanding client of its corporate partner Stuart Hutson who worked on the deal.
The Temple Bright team also included David Sanson (real estate). Bristol-headquartered firm Burges Salmon advised Bradbury House.
Stuart Hutson said: “We are delighted to see this new facility put in place and we look forward to working alongside Bradbury House as it continues its exciting expansion.”
Temple Bright was founded in 2010 and has 51 partners spread across offices in Bristol and London. The firm operates a streamlined, tech-enabled business model in which clients are advised exclusively by senior lawyers, often working opposite City and large regional firms operating the traditional delegation-based approach.
This article appeared in the Bristol Business Newsletter on 16 December 2016.