We are delighted to announce that Barclays Bank has become a valued partner for Potens as part of our future plans to further develop provision across the UK. The deal involves the refinance of existing term debt and will provide additional funding to support our ambitious growth and acquisition plans following our recovery from Covid.
Increasing our capacity will enable us to deliver more specialist community, residential, supported living, respite, educational and day opportunities services for children and adults with learning disabilities, autism, mental health and complex needs.
John Farragher, executive chairman and founder of Potens said:
“Throughout our initial discussions with Joe and his team, we were very impressed by Barclay’s sector knowledge and insight. As things progressed, we became increasingly aware of their enthusiasm and positivity, leading eventually to a successful conclusion.”
At Potens we now employ more than 1,450 people across the UK and support over 800 people within 80 settings. We continue to grow turnover and profitability with further growth expected in the current financial year.
Joe Reid, Barclays business development director, said:
“Potens provide valuable support to thousands of people across the UK and from our first meeting with the experienced management team we have been impressed with their passion to provide the highest levels of care combined with excellent market knowledge and a clear well defined growth strategy.”
