Norse Care continues to grow steadily

Local authority trading company Norse Care reported a marginal increase in turnover from £32.9m to £33.5m for the year ended 31 January 2014. A slight...

Residential home growth boosts Somerset Care’s business

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).

Revenues fall at B&M

Care home operator B & M Care Group Ltd reported a 6.6% drop in revenues from £33.7m to £31.5m for the year ended 30...

HC-One plans to stream-line its business

Following the acquisition of the NHP portfolio by Formation Capital and Safanad (CCMn November 2014), HC-One is to restructure with the aim of focusing...

Steady year for AFG after restructure

Specialist care charity Alternative Futures Group (AFG) reported total incoming resources of £56.3m for the year ended 31 March 2014, a 2.7% increase on...

Tendering success boosts CIC turnover

Specialist care operator Community Integrated Care (CIC) reported a 6% increase in incoming resources from £94.2m to £99.8m for the year ended 31 March...

Administrative expenses hit CareTech’s profits

Specialist care provider CareTech reported revenues of £123.3m in its preliminary results for the year ended 30 September 2014, an increase of 7.9% on...

MBO of franchise business SureCare

Managing director of homecare and children operator SureCare Gary Farrer has bought the franchise business from Housing & Care 21 for an undisclosed sum.Through...

Mears secures another outcomes-based contract

After the success of its outcome-based commissioning partnership with Wiltshire county council, Mears has been appointed preferred bidder by Torbay & Southern Devon NHS...

L&G spends £25m on new homes

Legal & General (L&G) has acquired three care homes from the Careplaces Fund, which is managed by Bridges Ventures in partnership with Castleoak, for...