Rhyl care home sold in 'seven figure' deal with cinema for residents planned by new owners

The largest residential home in North Wales has been sold in a seven-figure deal.

St David’s Residential Care Home in Rhyl has been bought by new owners supported by Allied Irish Bank (GB).

The residential care home’s existing registered manager Ruth Waltho, along with her husband David, have acquired the 48-bedroom care facility for an undisclosed sum.

Located on East Parade in Rhyl, St David’s provides 24-hour care for up to 52 elderly residents.

The property has a total of 48 bedrooms and employs 40 members of staff.

It was originally built in 1904 as a preparatory school for boys and has also previously been used as a convalescent home for Yorkshire miners.

Following its acquisition, plans are now underway to improve and refurbish the care home, including the creation of two new bathrooms and a home cinema as well as general redecoration and renovation work.

Relationship Manager David Booth, from Allied Irish Bank (GB), developed a seven-figure funding deal to support Mr and Mrs Waltho with the acquisition of the nursing home.

New owner Ruth said: “I am thrilled that our acquisition of St David’s has been successful. I have managed the home for four years now and know the business and our residents extremely well.

“We are planning to make some real improvements to the property for the benefit of our

residents, improving the look and feel of their general surroundings and creating a new cinema room for them to enjoy.

“David Booth and the team from Allied Irish Bank (GB) have been a real support to us throughout the acquisition process and we have enjoyed working alongside them.”

David Booth added: “Given Ruth’s long-term involvement with the business and experience in the care sector it made perfect sense for them to buy the business.”