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autumncare.co.uk

Stage

Acquired | Acquired

About Northlands Care Home

Northlands Care Home, part of Autumncare Group, is a small, friendly 35-bed home dedicated to caring for its elderly patients.

Northlands Care Home Headquarter Location

21 Kings Avenue Morpeth

Northumberland, England, NE61 1HX,

United Kingdom

+44 01670 512485

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Latest Northlands Care Home News

Business Breakfast LIVE: Greggs sales grows as baker continues investing in £2 breakfasts

May 18, 2017

Jonathon Manning New investment planned as Northumberland care home is snapped up by family firm New investment is being planned for a Northumberland care home after a f amily firm snapped it up from its long-term owner. Parkside Care has added the Northlands Care Home in Morpeth to its portfolio of properties, which also includes facilities in Sunderland, Gateshead and North Shields. The 35-bed home has been bought from owner Jill Lax, who had run it since 1995 as part of the Autumncare Group Ltd, which had added an extension to the original building shortly after its purchase to almost treble its capacity from the original 13-bed size. Over the next 18 months, Parkside Care, headquartered in North Shields, will carry out an extensive refurbishment project to bring the building in line with its corporate standards, with a new nurse call system, new lighting and new flooring all due to be installed. All of the 40 full and part time staff that work at Northlands are remaining in place, and the Parkside management team said it is open to making further regional acquisitions as and when the right opportunities come along. Matthew Flinders of RMT Accountants and Business Advisors and Debra Swinburn of Evans and Co advised Jill Lax on the disposal of the Northlands Care Home, while Darrell Francoisy of NatWest Bank and Christopher Welch of Sintons Law Firm worked with Parkside Care on the acquisition. Jill Lax said: After running it for more than two decades, Northlands has become far more than just a business to us, and we have made significant financial and emotional investments in creating the kind of supportive environment that residents deserve. We had to be certain that we were going to be passing it on to the right sort of operator which would look after the residents and staff as we would wish and keep developing the quality of services that Northlands could offer. From left to right: Jill Lax of the Autumncare Group, Maxine Pott and Matthew Flinders of RMT Accountants, Christopher Welch and Alok Loomba of Sintons, Parkside Care's Andrew Kerr and Darrell Franciosy of Natwest (Photo: Simon Williams Crest Photography) 8:47 Jonathon Manning Lloyds boss buys £36,000 of shares amid speculation of HSBC switch Lloyds Banking Group boss Antonio Horta-Osorio has splashed out £36,000 buying shares in the lender amid rising speculation over his future. Mr Horta-Osorio picked up 50,000 shares in Lloyds at 72.31p each, according to a stock market filing issued just a day after the Government sold its final stake in the bank. The sale, which returned the bank to private ownership nearly a decade after its £20.3bn bailout, has sparked further questions over the chief executive’s future. On Wednesday Mr Horta-Osorio insisted he is “very happy” at Lloyds, adding that “a job is never done”, dampening rumours he could be headed for the exit. Speculation in the Square Mile has linked Mr Horta-Osorio with a possible move to HSBC, where Stuart Gulliver will step down as chief executive in 2018. Lloyds said on Wednesday that the taxpayer had made a profit of £894m on the original £20.3bn of cash pumped in as part of its rescue. In an accompanying statement, Mr Horta-Osorio said: Six years ago we inherited a business that was in a very fragile financial condition. Thanks to the hard work of everyone at Lloyds, we’ve turned the group around. But the job is not done. We’re going to continue to use our strong position to Help Britain Prosper. Lloyds Banking Group chief executive Antonio Horta-Osorio 8:41 KEY EVENT FTSE closes in the red amid jitters over Donald Trump's future The FTSE 100 followed international benchmarks into the red on Wednesday, as calls for US President Donald Trump’s impeachment sent jitters across global markets. London’s blue chip index ended the day down 0.25%, or 18.56 points, at 7,503.47, ending a three-day streak of record highs. The French Cac 40 and German Dax also closed lower, by 1.6% and 1.3% respectively, while American indices including the Dow Jones Industrial Average, S&P 500 and Nasdaq Composite were all down more than 1% in early US trading. Equity markets were hit by growing calls for Mr Trump to be forced out of office, after fresh details emerged about his recent interaction with the recently-fired FBI boss James Comey. Connor Campbell, a financial analyst at SpreadEx, said: Investors have been shaken by reports that Trump urged the then-FBI chief Comey to drop his investigation into Michael Flynn, the latest twist in the Russia saga that is gradually engulfing the president. There are a couple of reasons as to why this has caused such jittery trading. Firstly, it threatens to delay, or completely derail, Trump’s market-lifting infrastructure and tax policies. Secondly, and more drastically, it could actually lead to the impeachment of the sentient Wotsit, an eventuality that would completely erase the foundations of the market’s recent record highs. In currency markets, the pound was mixed, up 0.2% against the US dollar at 1.294, but down 0.2% versus the euro at 1.162. That is despite fresh data showing the UK’s unemployment rate has fallen to a 32-year low of 4.6%. However, a 2.1% rise in wages - excluding bonuses - failed to keep up with the rate of inflation which came in at 2.7% for April. US President Donald Trump (Photo: AP) 8:37 Jonathon Manning Northumbria University unveils state-of-the-art Business Clinic in partnership with Santander A university business clinic helping to drive forward North East firms has moved into a new state-of-the art base in Newcastle following an £800,000 investment. Northumbria University’s highly successful Business Clinic has relocated to its own 500 square metre premises on New Bridge Street, where it has also received a £150,000 from Santander Universities UK. The Business Clinic forms part of Northumbria University’s Business School and sees business students participate in a ‘consultancy firm’ to provide advice for clients, including big name firms Greggs Plc and Parker Hannifin. The university, which has 34,000 students from 132 countries, has invested more than £800,000 to move the Business Clinic into the vibrant, purpose-built premises, which includes client briefing rooms, a boardroom, reception area, a conferencing and event space and a digital communications system. The clinic itself offers a free service to all types of businesses, from SMEs and multinationals to charities, social enterprises and not-for-profit organisations, and students are encouraged to work closely with the clients to get to the root of their problems and deliver genuine solutions. To date, the Business Clinic has helped more than 600 students advise more than 145 organisations including the Dyspraxia Foundation, Northumbria Police, North West Ambulance Service, BALTIC Centre for Contemporary Art, Greggs plc, Helix Arts and Parker Hannifin. Nigel Coates, director of the Business Clinic, said: Few universities in the UK offer their business students the opportunity to work directly with business leaders but Northumbria is an exception. Since 2013, the Business Clinic has been supporting our final-year undergraduate and Masters’ students to provide clients with a free-of-charge, full consultancy service under the supervision of experienced staff. The Business Clinic’s new premises also offer the ideal venue for growing numbers of SMEs and social enterprises that are expressing their need to us for external engagement and networking opportunities. Left to right, Javier Rogla, Global Managing Director, Santander Universities & Universia, Matt Hutnell, Director Santander Universities UK, Professor Andrew Wathey CBE, Vice-Chancellor & Chief Executive, Northumbria University, David Warcup, University Governor, Northumbria University, Lucy Winskell OBE, DL, Pro Vice-Chancellor (Employability & Partnerships) Northumbria University and Chris Sayers, Chair of Board of Governors, Northumbria University (Photo: North News & Pictures Ltd ) 8:34 Jonathon Manning Burberry's figures: wholesale turnover drops 14% Burberry said the weak pound flattered full-year revenues, up 10% at £2.8bn, but sales fell 2% at constant exchange rates. Store sales - which make up 77% of revenues - rose 1% on a like-for-like basis after a 3% rise in the final six months, with the UK leading a double-digit sales hike across the Europe, Middle East, India and Africa region. But underlying wholesale turnover dropped 14% and licensing sales slumped 48%. This was offset in part by efforts to slash costs across the group. Burberry has been leading a turnaround plan that has included simplifying the product line, revamping its digital store and cutting costs. It has also moved to license out its beauty range as part of a new partnership with make-up brand Coty. The group said earlier this month it would relocate 300 jobs from its London offices to a new site in Leeds as part of cost-saving measures. Staff at its London headquarters have begun a consultation where they will be offered the chance to move to the North or face the prospect of redundancy. The move is part of a plan that aims to deliver at least £100m in cost savings by 2019. However, Burberry’s plans for a flagship manufacturing and weaving facility in Leeds remain on hold. The former Burberry shop KEY EVENT Underlying profits tumble at Burberry despite Brexit boost Luxury fashion firm Burberry has revealed underlying annual profits tumbled by more than a fifth, but saw the Brexit-hit pound boost sales in a “year of transition”. The group said underlying pre-tax profits plunged 21% to £462m as it was hit by weak wholesale trading in the US. But including the boost from the weak pound since the Brexit vote, underlying profits lifted 10%, while Burberry cheered ongoing “exceptional” sales in the UK thanks to the boom in spend on luxury goods from tourists. The group cautioned the benefit from the pound would begin to fade later this year, which will hit hit profits in the new financial year by around £30m. Outgoing chief executive Christopher Bailey said: 2017 was a year of transition for Burberry in a fast-changing luxury market. The actions we have taken to lay the foundations for future growth are yielding early benefits and I remain confident that these will build over time. The full-year results outline the challenges facing new boss Marco Gobbetti, who takes on the top role in July, when Mr Bailey will step aside to become president and chief creative officer. A Burberry store

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