Alternative finance for the healthcare industry

In terms of criteria – like most lenders we look for good quality management teams and long-term assets - but thereafter we think differently. We won’t compromise on management quality or track record and typically avoid first-time buyers or new entrants.

As an alternative lender, ThinCats is flexible and nimble, using recent run-rate EBITDA, offering cashflow or leasehold lending and interest-only lending structures that support rapid growth. ThinCats often helps businesses scale before they transition to high-street banks.

Mainly regulated social care: care homes, supported living, domiciliary care, children’s services and SEN schools. We also work with some private hospitals or clinics, typically private-equity backed but with links to the NHS in diagnostic services or cosmetic surgery. We rarely fund primary care, such as GP surgeries or pharmacies, where high-street lenders tend to be more competitive.

Yes. The team is Midlands- and North-based, but we lend across England, Wales, Scotland and Northern Ireland.

There is a team of 8 in total. Paul Turner and Richard Henshaw manage origination, Craig Williams is responsible for transaction management, supported by Luke White. They deal with the full credit appraisal process and draw down. Darrell Franciosy, Tom Jessop, Scott Ryles and Craig Davies support from Borrower Services, looking after the day-to-day relationships.