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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...



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