Leading Lender Supports Growth At LuxuryCare And Total Integrated Solutions

The Banking & Finance team at law firm Irwin Mitchell has advised ThinCats, the leading alternative lender to mid-sized SMEs, on two multi-million pound funding packages.

ThinCats is providing a £7.6m funding package for care home provider, LuxuryCare, and has also confirmed it has agreed a £3.4m facility for Total Integrated Solutions Limited.

Based in Poole and Bournemouth, LuxuryCare operates five purpose-built care homes. The homes provide 290 beds, offering a range of services including residential, dementia and nursing.

On this transaction ThinCats were supported by Irwin Mitchell Banking & Finance partner, Paddy Sturman and Dan Campbell. The other members of the team were property partner, Ayesha Hasan, Commercial partner, Aurelia Butler-Ball, and solicitors Kate Ruston, Nisha Minhas, Alice Minza-Clark and Kate Sun.

Total Integrated Solutions designs, installs, maintains and services integrated safety and security solutions across a broad range of sectors including retirement villages and further education.  Over the past nine years, shareholder and chief executive James Twigg, has guided the business through a phase of rapid expansion following a successful expansion of the technical capability of the business.

Backed by Key Capital Partners, the Mansfield-based company’s growth strategy will be underpinned by investment in marketing and sales resource and bolt on acquisitions.

On this deal, ThinCats were again advised by Irwin Mitchell Banking & Finance partner Paddy Sturman who was supported by colleagues Nick Jennings and Aaron Tones.

Irwin Mitchell is on ThinCats’ legal panel and has worked with them for a number of years.

Expert Opinion

“We are delighted to have worked with ThinCats on these two deals. Both businesses are ambitious and ThinCats are the ideal funding partner to work alongside them and help them realise their growth aspirations. We look forward to working with them in the future and building on what is already a great relationship.” Paddy Sturman - Partner