Business

In its first set of results since being acquired by G Square Capital from Sovereign Capital, Tracscare Holdco Limited reported turnover of £24.6m for...

In its first full year of trading Embrace Group (formerly European Care) reported revenues of £112,433 for the year ended 30 June 2015. After cost...

The Orders of St John Care Trust delivered a strong performance for the year to 31 March 2015. There was an overall increase of 8.7%...

Not-for-profit residential care operator Community Integrated Care reported a 4.7% rise in incoming resources from £99.7m to £104.4m for the year ended 31 March...

The Orders of St John Care Trust delivered a strong performance for the year to 31 March 2015. There was an overall increase of 8.7% in total incoming resources from £99.6m to £108.3m. Net income for the year jumped from £2.6m to £13.5m. The results were boosted by the successful sale of two freehold care homes.

Charity Methodist Homes grew steadily during the year to 31 March 2015 with income rising by 2.9% from £174.7m to £179.8m. Operating costs excluding exceptional...

Ahead of selling off 21 of its homes to Orchard Care at the end of last year, the 12-month period to 31st March 2015...

In its first full year of trading Embrace Group (formerly European Care) reported revenues of £112,433 for the year ended 30 June 2015. After cost of sales of £81.7m and administrative expenses of £25.7m, including an impairment charge of £7.3m, the care home provider made an operating profit of £5.1m. Deducting a £1.7m loss on an unattributed disposal and finance charges and interest, including £6.9m on loan notes, the operator recorded a pre-tax loss of £3.8m. The directors said trading during the report period continued to be challenging’ due to high agency staff costs (particularly due to the impact of nurse shortages), the impact of public sector austerity on occupancy and fees (the latter was on average £671 per week, less than the £721 reported in the three months to 30 June 2014), and more regulation.

Charity Abbeyfield Society delivered an upbeat report of activity for the year ending 30 March 2015. Turnover grew by more than 15.7% from £44.1m to...

Charity Alternative Futures Group (AFG) reported a sharp reversal in financial performance as it incurred a deficit of £768,446 for the financial year to...