Primrose Neurological Centre

Primrose Neurological Centre is a 7-bed residential care home in Lancaster, operated by National Neurological Services Ltd. It holds a CQC rating of Requires improvement, a CQC rating that narrows lender appetite and tends to mean tighter terms until it improves. For a buyer, operator or lender the numbers that matter are its 7 registered beds, its rating and the strength of the operator behind it. We arrange the finance to buy, refinance or develop a home of this kind.

Primrose Neurological Centre sits within a local market of 49 registered care homes and about 1,404 beds in Lancaster. That competitive set, and the rating profile across it, is part of how an acquisition here is underwritten.

What determines the value of Primrose Neurological Centre

A trading care home like Primrose Neurological Centre is valued as a going concern, on its stabilised trading profit (EBITDARM) capitalised at a market multiple, rather than as bricks and mortar. A specialist healthcare valuer prepares the figure, and it can sit well above or below a simple per-bed estimate depending on how the home trades. The per-bed guide above is a starting point, not a valuation.

• Occupancy: how full the home runs, and how quickly empty beds refill
• Fee mix: the balance of private, self-funded and local-authority residents
• CQC rating: Requires improvement here, a direct input to both value and lender appetite
• Staffing: care-hours per resident and agency reliance
• The building: room sizes, the en-suite and single-room share, and any capital works needed
• Location and catchment: local demand, competition and the self-funder base around Lancaster

Looking at other homes in the area? See care homes in Lancaster and the wider Lancashire care market or National Neurological Services Ltd's full portfolio.