Business

So-called ‘vulture fund’ Monarch Alternative Capital (Europe) Ltd was involved in the acquisition of Executive Care Group at the end of last year through...

Charitable operator The Orders of St John Care Trust experienced a rise in revenues from £95m to £99.6m in the year ended 31 March 2014. After resources expended from its care operations of £93.4m (2013: £90.2m) and governance costs of £3.6m (2013: £3.1m) were deducted, the charity achieved a net income for the year of £2.6m (2013: £1.8m).

Turnover at Excelcare Holdings rose from £16.8m to £18.4m for the year ended 31 March 2014. Cost of sales remained steady at £10.7m (2013:...

Colten Care experienced a 19% rise in revenues on its estate of 19 care homes for the year ended 28 February 2014 to £48.2m...

Revenues rose by 31% for Country Court Care Homes in the year ended 31 March 2014 from £5.4m to £7.1m. Taking account of cost...

Retirement housing provider McCarthy & Stone reported a 25% rise in revenues for the year ended 31 August 2014 from a restated 2013 figure...

Key Capital Partners (KCP) has sold its investment in Nurse Plus to a secondary MBO led by chief executive Heath Blake and managing director Pamela Bruce. The deal was funded by Sovereign Capital. No financial details have been disclosed but Sovereign described its investment as significant.

Mears reported in a pre-close trading update that it has ‘92% visibility of the market consensus revenue forecast for 2015 of £886m’, compared to...

Somerset Care Limited achieved a slight rise in turnover from £80.5m to £80.8m for the year ended 31 March 2014. After cost of sales of...

Somerset Care Limited achieved a slight rise in turnover from £80.5m to £80.8m for the year ended 31 March 2014. After cost of sales of £14.1m (2013: £16.1m) and administrative expenses of £8.4m (2013: £9.9m), the company made an operating profit of £5.8m (2013: £6.3m). Interest charges of £1.3m, mainly from bank borrowing (£1.1m), left the group with a pre-tax profit of £4.5m (2013: £5m).