The Prestige Group
ABOUT THE PRESTIGE GROUP
We Invest, we Build, we Care.
At the very heart of everything we do at Prestige are our three crucial cornerstones: Respect, Dignity and Quality.
Based on more than 20 years of experience in the care industry, our mission is to design, build and create the highest quality environments from which our highly experienced staff members can deliver the very best care possible.
Whether developing homes for sale or creating caring havens for our own residents, the Prestige team strives to deliver the best results for everyone concerned, with every project undertaken.
THE COMPANY
From humble beginnings in 1982, the Prestige Group has grown into a thriving, multi-million pound company grounded on the vast experience of its highly skilled team members. With more than 500 members of staff working for the company, Prestige has grown in four distinct directions:
Care Homes • House Developer • Construction • Property Investments
The Prestige Group continues to invest in and grow these three areas of business and welcomes the opportunity to work with other local businesses to strengthen the North East’s care environment.
For more details on the construction arm of The Prestige Group, you will find information on P&R Construction at http://www.p-r-construction.com
OUR HOMES
Blair Avenue, Ingleby Barwick
Stockton-On-Tees, TS17 5BL
T: 01642 308188
F: 01642 761984
E: roseville@prestigegroup.uk.com
E: Email us
Kirkleatham Street
Redcar, TS10 1QH
T: 01642 473809
F: 01642 487483
E: sandbanks@prestigegroup.uk.com
E: Email us
Walpole Street
Middlesbrough, TS1 4HA
T: 01642 223334
F: 01642 223336
E: parkville@prestigegroup.uk.com
E: Email us
Yew Tree Care Centre
Yew Tree Ave
Redcar
TS10 4QN
T: 01642489480
E: yewtree@prestigegroup.uk.com
E: Email us
Middleton St George, Darlington, DL2 1TS
T: 01325 344970
F: 01325 333322
E: auguste@prestigegroup.uk.com
E: Email us
OUR PEOPLE
Raj Singh - Chairman
Having always being interested in business from a very early age, Raj built up an impressive residential property portfolio within Teesside in his early 20’s.
During the early 1990s, Raj changed his business focus to care homes. Raj sold all of his properties to gather funds to buy his first care home development site on Longlands Road in Middlesbrough. By 1996, Longlands opened its doors to residents.
The Prestige Group, under Raj’s experienced steer, now owns a number of care homes and investment, both within the UK and overseas, and is a multi-million pound enterprise.
Andy Johnson - Group General Manager
Andy joined the group in 2009 to oversee the finance function of the business and progressed to become the Group Finance Director, a position held until 2019 when he moved into the newly created Group General Manager role, to reflect the broader remit his role had assumed given his experiences in all aspects of the various businesses within the group.
Andy continues to work with funders and investors as the group continues to grow.
Andy, when aged just 21, qualified as a Chartered Accountant with the Institute of Chartered Accountants, England and Wales in 2005.
Avnish Bhakta - Commercial Director
Avnish joined The Prestige Group in October 2018.
Upon graduation from The London School of Economics and a brief stint with The Royal Bank of Scotland, Avnish completed his MBA at Texas A&M University. Avnish joins the group after a decade in hospitality working with both Hilton and Marriott.
Richard Attwood - Finance Director
Richard joined the Prestige Group in May 2019 as Group Finance Director. Prior to joining the Prestige Group, Richard spent over 20 years working in various Finance roles.
After leaving University, Richard trained locally as a Chartered Accountant. Shortly after qualifying, he left practice for industry to join the Maersk Shipping Group working in various roles that included spells living and working in Denmark and Sweden. After returning to the UK, Richard joined Shell where he worked in Finance roles that were predominantly commercially focused.
Andy Wilson - Non-Executive Director
Andy joined the group in 2009 as the Group Finance Director following his retirement from NatWest. Andy had worked within the bank, latterly as Local Director for Corporate and Commercial Banking, for more than 40 years and had been the group’s bank manager with NatWest for a number of those years.
Working on a part time, consultancy basis, Andy uses his extensive network of contacts and knowledge of the banking sector to benefit the Prestige Group.
Jeremy Spooner - In-house Solicitor
Jeremy retired from his own legal practice, Spooner & Co, in 2010 to join The Prestige Group as an In-house Solicitor. Jeremy is an integral part of the team and deals with the business’s general legal matters.
Since qualifying with an LLB from Sheffield University in 1974, Jeremy has spent many years working as a solicitor, specialising in commercial property, company and commercial law, and acquisitions.
Raj Singh - Chairman
Having always being interested in business from a very early age, Raj built up an impressive residential property portfolio within Teesside in his early 20’s.
During the early 1990s, Raj changed his business focus to care homes. Raj sold all of his properties to gather funds to buy his first care home development site on Longlands Road in Middlesbrough. By 1996, Longlands opened its doors to residents.
The Prestige Group, under Raj’s experienced steer, now owns a number of care homes and investment, both within the UK and overseas, and is a multi-million pound enterprise.
Andy Johnson - Group General Manager
Andy joined the group in 2009 to oversee the finance function of the business and progressed to become the Group Finance Director, a position held until 2019 when he moved into the newly created Group General Manager role, to reflect the broader remit his role had assumed given his experiences in all aspects of the various businesses within the group.
Andy continues to work with funders and investors as the group continues to grow.
Andy, when aged just 21, qualified as a Chartered Accountant with the Institute of Chartered Accountants, England and Wales in 2005.
Avnish Bhakta - Commercial Director
Avnish joined The Prestige Group in October 2018.
Upon graduation from The London School of Economics and a brief stint with The Royal Bank of Scotland, Avnish completed his MBA at Texas A&M University. Avnish joins the group after a decade in hospitality working with both Hilton and Marriott.
Richard Attwood - Finance Director
Richard joined the Prestige Group in May 2019 as Group Finance Director. Prior to joining the Prestige Group, Richard spent over 20 years working in various Finance roles.
After leaving University, Richard trained locally as a Chartered Accountant. Shortly after qualifying, he left practice for industry to join the Maersk Shipping Group working in various roles that included spells living and working in Denmark and Sweden. After returning to the UK, Richard joined Shell where he worked in Finance roles that were predominantly commercially focused.
Andy Wilson - Non-Executive Director
Andy joined the group in 2009 as the Group Finance Director following his retirement from NatWest. Andy had worked within the bank, latterly as Local Director for Corporate and Commercial Banking, for more than 40 years and had been the group’s bank manager with NatWest for a number of those years.
Working on a part time, consultancy basis, Andy uses his extensive network of contacts and knowledge of the banking sector to benefit the Prestige Group.
Jeremy Spooner - In-house Solicitor
Jeremy retired from his own legal practice, Spooner & Co, in 2010 to join The Prestige Group as an In-house Solicitor. Jeremy is an integral part of the team and deals with the business’s general legal matters.
Since qualifying with an LLB from Sheffield University in 1974, Jeremy has spent many years working as a solicitor, specialising in commercial property, company and commercial law, and acquisitions.
CURRENT DEVELOPMENTS & INVESTMENTS
All current developments are developed via P&R Construction, the construction arm of The Prestige Group.
West Acres Park
Eaglescliffe, Stockton-on-Tees – 65 Unit Residential Housing Development
Works are now well on the way on this £20m development with sales going strong. The development is being marketed under Prestige’s new and exciting house building brand Redcastle Homes.
Located in the vicinity of prestigious Yarm and offering an excellent mix of high quality housing from 3, 4 and 5 bed detached and semi detached properties, it promises to be an exciting and attractive development in a sought after area of the Tees Valley region. Standard spec levels are unrivalled. For more details see http://www.redcastle-homes.com
Redmires Farm, Fir Tree Residential Development
The Prestige Group have secured this 23 acre site in the County Durham countryside which has the benefit of existing planning permission on part of it. The development will comprise of generously proportioned executive houses in a stunning rural setting.
Marketing of the development will commence soon with development works to commence shortly thereafter. For the more information please see http://www.redcastle-homes.com
93 Bed Care Centre Development Site, Hartlepool
The Prestige Group were very excited to secure this prominent site located in the vibrant and ever expanding location of Bishop Cuthbert. The designs include two separate entrances lending itself to possibilities of different care categories.
HSBC Bank Branch, Middlesbrough
This building was added to the investment portfolio of Prestige in 2007.
Sainsburys Supermarket, Selkirk, Scotland
This building was acquired by Prestige in 2000 as an investment property.
56 Bed Care Centre Development Site, Redcar
The Prestige Group have acquired this exciting sea-front development site which promises to deliver fantastic open views of the seaside and access to the beach within literally a stone throw’s distance
HISTORIC DEVELOPMENTS & INVESTMENTS
Walberton Place Care Home, Arundel
Prestige developed this modern and luxurious purpose built facility registered for 80 beds and agreed a turnkey sale to a local operator, which completed in 2019. The home was built to the usual high Prestige spec with the home catering for residential, dementia and nursing care categories.
Longlands Care Centre, Middlesbrough – 43 beds
The site was acquired in 1994 and the home developed by the Prestige Group. The Care Centre was operated successfully by Prestige until 2003, at which time it was sold to another care group.
Roseleigh Care Home, Middlesbrough – 50 beds
Roseleigh opened its doors as a care home in 2000 following the acquisition by Prestige of the site in 1999. As with Longlands, Roseleigh operated very successfully under the Prestige Group until 2003, at which time it was sold to another care group.
Rosedale Court, Middlesbrough – 41 units of sheltered accommodation
Following the acquisition of the site in 1999, Prestige completed Rosedale in 2002. The property was let to Endeavour Housing Association ona 25 year lease and became an investment property for Prestige until it was sold in 2009.
Premier Inn Hotel, South Shields – 64 Rooms
Purchased by Prestige in 2003, the hotel continued to run as a successful business under the group’s brand until 2008 when it was leased out to Whitbread on a 25 year lease. Sold in 2010, including the lease by Whitbread, this property represents a significant return on investment for Prestige.
Cedar Lodge Care Home, Norton, Stockton-on-Tees – 50 Beds
Having acquired the site in 2004, Prestige entered into an early deal with another local care provider to sell the development on completion in 2006.
Residential Housing Development, Norton, Stockton-on-Tees
Built on the same site as Cedar Lodge, Prestige developed a mixed residential housing project with the completed properties being sold to the private market.
Lakeside Care Centre, Darlington – 67 Beds
Following the acquisition of this site in 2006, Prestige developed the Lakeside Care Centre to the specific requirements of Southern Cross PLC, who were granted a 30 year lease from turnkey in 2008. The property continued to be held by the Prestige Group as an investment property and was leased to a local operator to whom the freehold was sold to in 2015.
Acer Court Care Home, Nottingham –78 Beds
Prestige acquired this site in 2008 with the intention of developing the Home and running it from within the group. However, when a substantial offer was made by Avery Healthcare during the build, Prestige accepted and sold the completed development in 2011.
Alexander Court Care Centre, Hull – 84 Beds
Prestige completed the modern and luxurious development in December 2012. The home was very successfully operated by Prestige at full occupancy and was eventually sold to Target REIT in 2015.
Northfield Care Centre, Thorne – 80 Beds
Another high spec and luxury development by Prestige and its in-house building company, P&R Construction Ltd, this development was sold on a turnkey basis to MPS Care Group in 2016
Other Developments
The Prestige Group is also working on various other developments domestically and overseas currently at consultation stage.
CONTACT US
The Prestige Group Head Office
Roseville Court, Blair Avenue,
Ingleby Barwick, Stockton-on-Tees, TS17 5BL
T: 01642 200710
F: 01642 764811