Signature Senior Lifestyle celebrated its 10th anniversary this week. In its first decade, the company has set the pace for creating and operating premium care and nursing homes that profit from attracting affluent self-funding residents.
The company was created on January 27, 2006, as a joint venture with Cabot Square Capital with a stated aim to create a superior alternative to the existing offering of residential and nursing care homes in the UK.
Since then, Signature has grown from a modest portfolio of three homes, to organically building and opening a further six high specification properties in and around the M25 corridor.
An additional seven homes are currently under development, the company says, and it intends to continue building around three-to-four properties every year.
Signature has many imitators today, but was a pioneer in creating individual, luxurious environments, that challenge the perception of traditional care and nursing homes.
“Our vision is not to be the biggest, but to be the best. Our company ethos revolves around building exceptional teams who are dedicated and provide the best care in the highest standard of accommodation found anywhere in the UK and this has been evidenced by the amount of national awards and nominations we have received in 2015,” says Aidan Roche, Signature’s managing director.
In 2015, Signature was a finalists in 22 categories at The Great British Care Awards, winning four. “This coupled with 93% of our residents feeling they could recommend us to friends and relatives, is an outstanding achievement,” Roche adds.
The management of Signature Senior Lifestyle bought out its original partner Cabot Square Capital in February 2015 for an undisclosed sum.
At the time, Keith Maddin, partner at Cabot Square Capital, said: “Signature is a very successful business and has built a first class reputation of developing and operating very high quality, private-pay care homes. Signature is well placed to build on this momentum further and we wish them all the best for the next stage of their growth.”
Signature’s chairman Tom Newell says that complete management control will help it continue on its current growth trajectory. “In 2015 an opportunity arose for the management team to acquire the Company and we are all exceptionally proud of the legacy we are creating. We all feel passionate that our residents and our staff are at the heart of our business and I look forward to the next 10 years of growth together,” he concludes.