MHA pauses on new developments

Profits slide after tough regulatory year for Runwood Homes

Methodist Care Homes (MHA) has halted plans for new developments as it focuses on building its cash reserves and improving existing properties. Despite its accounts showing the charity made a net income of £15.9m (2017: £12.3m) in the year ended 31 March 2018, the period resulted with slightly less cash than in 2017 because of…

You must be a CM Subscriber to view this content. Please log in or subscribe below.

Subscribe Now »

Previous articleVirtus underwhelms with H1 figures
Next articleJinxin Fertility to IPO in Hong Kong
Deven Pamben has more than 15 years’ experience as a journalist, working on newspapers, trade magazines and online publications. A Criminology graduate, Deven worked for Hertfordshire Constabulary before becoming a journalist. He began his journalism career at a local newspaper in Hertfordshire before moving into trade magazines in permanent roles or as a freelancer. Titles he has reported and edited on include Law Society Gazette, Harpers Wine and Spirit, and Health Club Management. Deven has also written travel features for the Sunday People, and spent two years working in Beijing for the official press agency of the People’s Republic of China.