The UK’s fastest growing private companies: Hot 100 2015 – (87) Sevacare
2 min read
26 June 2015
Sevacare was founded in 1998 by Ravi Bains, who had been working across social care and identified a chronic lack of housing and care services for BME (black and minority) elders in Birmingham and the surrounding areas.
Industry/Sector: Care services
Date founded: 1998
The boss: Ravi Bains
Location: West Midlands
Latest turnover: £55m
Three-year compound growth rate (%): 31.09
Latest EBITDA: £3.2m
Bains’s company helped to address this, starting from a base in Walsall and today operates with a “community-based approach to business”. He has overseen its evolution into providing a range of diverse care services to all communities, transforming into a mainstream provider that has the ability to deliver a specialist service.
It has achieved impressive organic growth over a number of years and now has 48 branches. Sevacare provides around 93,000 hours of care and support to nearly 8,000 people, and employ 4,750 care and office-based staff.
Headquartered in Wolverhampton, the provider delivers across London, the Midlands, the South, North of England and South Wales, and aims to continue its gradual expansion – seeking to cement a position in the home care market.
Sevacare has worked with HSBC for over a decade – previous investment has included £5m of funding from HSBC’s corporate banking team in the Midlands to support future acquisitions.
In 2014 it was recognised as one of the top 25 healthcare companies in the UK by the HealthInvester Growth Company Report, which also identified it as the UK’s fifth fastest growing healthcare period.
It is currently looking to expand its provision of support for those with learning disabilities, as well as developing community-based work for those with mental health problems.
The range of services currently provided by Sevacare includes personal care and support from help with eating to support getting ready for bed, practical care and support such as collecting prescriptions or assisting with pet care, companionship services and specialist services such as helping people manage their own money or supporting them find a job.