The Dentist Magazine.

Dorset dental practice triples in size with support from Lloyds Bank

Published: 26/04/2018

A Dorset dental practice has moved to larger premises and created five new jobs after securing a £720k funding package from Lloyds Bank Commercial Banking.

Robinson’s Dental, founded by Kate and Simon Robinson in 1992, is based in Christchurch and provides dental care to over 2,000 patients across the region.

Following 26 years in a rented property, the business turned to long-term banking partner Lloyds Bank to purchase a new 3,000 sq ft premises on the high street, more than three times larger than its previous site.

The move has enabled the business to double its dental rooms from two to four and hire five additional members of staff to its team of six in roles including dentists, nurses and receptionists.

Robinson’s Dental also used a £100k asset finance facility from the bank to purchase dental chairs, x-rays and decontamination equipment, without affecting day to day cash flow.

Kate Robinson, founder and dentist at Robinson’s Dental, said, “We’d been looking to move our business for a long time, however hadn’t found anywhere that suited our needs. My husband walked past this building on the high street every day and always thought it would be ideal for the practice. Two years ago, it finally came on the market and we jumped at the opportunity to buy it.

“With more space and a larger team, the location will allow us to attract new customers by being positioned visibly on the high street. The expertise of the team at Lloyds Bank has been invaluable throughout the entire expansion. The funding provided has helped us to buy and equip the new practice, which means we can service more patients in the future.”

Craig Marsh, relationship manager at Lloyds Bank Commercial Banking, said, “The new practice marks a new chapter of investment for Robinson’s Dental and will allow the business to continue to grow, as well as giving more local people access to dental care.

“This expansion demonstrates the opportunity there is for healthcare businesses in the South West, and it’s fantastic to see the move creating employment opportunities for the area.

“At Lloyds Bank, we’re committed to helping Britain prosper by supporting local healthcare business like Robinson’s Dental, which is why we’ve pledged to increase our lending to businesses by £2billion this year.”