New Century Care, which runs old people’s care homes across the UK, including five in Huddersfield, has just come under the control of  Anchorage Capital Group, an American investment company based in New York.

Anchorage Capital borrowed £80m from Lloyds Bank to buy the controlling stake in the care home company. New Century Care Founder Paul Warren is keeping a significant stake in the company.

Anchorage Capital has also recently recapitalised retirement housing developer McCarthy and Stone, the company which is building retirement flats on the Victoria Road site in Hebden Bridge, where the engineering factory used to be.
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