ADL plc

Founded as Matrix Healthcare PLC in 1990, under the Business Expansion Scheme, ADL raised additional funds under the Enterprise Investment Scheme in February 1996 and obtained a quotation on AIM in June 1996. In January 2004 Jeremy Davies purchased a controlling interest in the Company and made a Rule 9 Offer for the remaining shares. In February 2004 Matrix Healthcare PLC acquired Woodland Healthcare Limited and Newsham House Limited, the enlarged group acquired new banking facilities and the Company's name was changed to ADL plc.

In July 2006 ADL completed the arrangement of a new £25 million bank facility with IXIS Corporate & Investment Bank S.A. and acquired Solutions (Yorkshire) Limited that owns and operates a care home in Leeds with 40 operational beds.Today, ADL owns and operates nine care homes with 306 operational beds (five in ADL, three in its subsidiary Woodland Healthcare Limited and one in Solutions (Yorkshire) Limited). ADL also manages one care home, with 40 operational beds, on a joint venture basis. In addition Woodland Healthcare Limited manages one care home, with 23 operational beds, on a partnership basis. ADL works in partnership with local authorities, PCTs, NHS Trusts and the relatives of the residents of its care homes to provide the residents with the highest quality of care in homely surroundings.