Borough Care appoints head of finance

Borough Care has appointed Nick Pennell as its new head of finance; the company is the largest not-for-profit provider of care for older people in Stockport and has 11 homes across the borough.

Nick Pennell will be responsible for managing the finance team. The emphasis of his role will be updating the company’s financial processes and reporting capabilities to help improve efficiency, through the introduction of new technology and systems.

Nick Pennell says: “The care sector as a whole is facing many challenges, especially in regards to number of beds, local authority funding and aging infrastructure. Borough Care’s leadership team is aware of the issues facing the sector and has ambitious plans to address these challenges.

"There is a key role for the head of finance to shape some of the thinking around funding, investment decisions and growth plans. The opportunity to help do this really appealed to me. This position also means I can use my skills in the area of finance transformation.”

He adds: “I see Borough Care is a forward thinking, innovative company; characteristics which match my own values. I’m looking forward to helping the business continue growing.”

Nick joins Borough Care from KPMG, one of the Big Four accounting firms. His most recent role was as deputy finance director of KPMG Learning Services.