Tees recently advised the shareholders of Canaryford Limited on the successful sale of their shares to Springfield Holdings Limited, marking a key milestone in the continued growth of the residential care sector in Essex.
Founded by Bharat and Urvashi Patel over 30 years ago, Canaryford has long operated Parklands Nursing Home, a highly regarded 54-bed care facility in South Benfleet. Parklands is known for delivering high-quality care and nursing services and boasts an impressive 9.5 rating on carehome.co.uk, reflecting its excellent reputation among residents and families.
A strong future for Parklands under Springfield
The acquisition by Springfield Holdings ensures that Parklands will remain under the stewardship of an experienced and reputable provider of residential care services. This strategic purchase allows Springfield to expand its existing portfolio while establishing a presence in south Essex. The transition guarantees continuity of care for residents and job security for dedicated staff.
Tees advises on corporate and property aspects of the transaction
Tees’ multidisciplinary team advised on both the corporate and commercial property aspects of the deal.
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Lucy Folley and Baljeet Kaur, Partners in the Corporate & Commercial team, led the corporate advisory, supported by solicitors Nana Maisuradze and Alex Haines.
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Jane Winfield, Partner in the Commercial Property team, was supported by Amy Woodacre, trainee solicitor, in advising on the property-related elements.
Client testimonials and reflections
Lucy Folley, Head of the Tees Corporate Team, commented:
“Having known Bharat and Urvashi for almost 30 years, it has been fantastic to support them through the sale of their family-run business. It’s incredibly rewarding to see their legacy continue under Springfield, a provider well-positioned to uphold and grow Parklands’ excellent reputation.”
Bharat Patel, co-founder of Canaryford, said:
“Over the last three decades, we’ve built Parklands into a highly reputable regional care home. By joining Springfield Holdings, we’re confident that our vision for high-quality, compassionate care will continue – ensuring stability for residents and staff alike.”
Baljeet Kaur, Corporate & Commercial Partner, added:
“We were delighted to advise the shareholders on this important transaction. It’s always a pleasure to support entrepreneurial clients, and we look forward to assisting Bharat and Urvashi with their future ventures.”
About Tees
Tees is a full-service legal and financial advisory firm with over 110 years of experience supporting individuals, families, and businesses across the UK. Our Corporate & Commercial team provides tailored advice on:
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Mergers and acquisitions
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Company reorganisations
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Shareholder agreements
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Commercial contracts
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Business property transactions
We work closely with our clients to help them adapt to changing markets, protect their interests, and achieve sustainable growth.
Get in Touch
To find out how Tees can support your business sale, acquisition, or restructure, get in touch with our Corporate & Commercial team today.
