Leonard Cheshire is selling off a ‘small minority’ of its properties, with the cash raised being invested in other residential and outreach services.
The charity said 17 properties were not in the right places with easy access to community amenities and scope to grow. It said that other providers were better placed to invest in the services.
Its financial results for the year ended 31 March 2017 show that income from trading activities was £149.1m, while direct charitable expenditure was £157.9m. EBITDAR was -£4.8m, while EBITDA was -£6.1m.
A spokesperson for the charity said: ‘We know this is a difficult and worrying time for many, including the residents and their families, and we will be supporting them throughout this process. The continuity and quality of support, and the welfare of all residents is our top priority during this period as we look to secure a new provider.’