Parklands Nursing Home sold to Springfield Holdings Limited

Tees recently advised the shareholders of Canaryford Limited (‘Canaryford’) on the sale of their shares in the business to Springfield Holdings Limited (‘Springfield’).
Canaryford was founded by Bharat and Urvashi Patel over 30 years ago, since when the company has managed the 54-bed Parklands Nursing Home (‘Parklands’) located in South Benfleet. Parklands offers a full range of care and nursing services to its residents and has achieved an overwhelmingly positive rating of 9.5 rating on carehome.co.uk.
The sale of Canaryford to Springfield means that Parklands will continue to be run by an established residential care services provider and that residents will continue to receive high quality care. Through their acquisition of Canaryford, Springfield will continue to grow their existing portfolio whilst also establishing a presence in south Essex.
The business teams at Tees advised on both the corporate and property elements of the transaction. Corporate & Commercial partners Lucy Folley, Baljeet Kaur were ably assisted by solicitors Nana Maisuradze and Alex Haines. Commercial property partner Jane Winfield was assisted by trainee solicitor Amy Woodacre in advising on the property elements of the transaction.
Lucy Folley, Head of the Tees Corporate Team said “Having known Bharat and Urvashi for almost 30 years, it has been fantastic to see a great entrepreneurial family business, grow from strength to strength, and find a good home in Springfield to carry on their great work in the industry.”
Commenting on the deal, Bharat said: “For over 30 years we developed our care home into successful and highly reputable regional business. By joining Springfield Holdings, Parkland will continue providing high quality that has built its strong local reputation, ensuring continuity and stability for both our valued residents and the employees.”
Tees Corporate & Commercial partner, Baljeet Kaur said: “We were delighted to support the shareholders with the sale of Canaryford Limited and we are pleased to see the company will continue providing its services and further development in the area. We look forward to continuing to assist Bharat and Urvashi in their future business endeavours.”
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Tees is a leading UK-based legal and financial advisory firm with over 110 years of experience. It offers expert services in a wide range of areas, including corporate law, tax planning, wealth management, and estate planning.
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Chat to the Author, Nana Maisuradze
Solicitor, Company and Commercial, Brentwood office
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