Business

Ideapark Ltd, the holding company for the UK’s largest independent fostering agency Foster Care Associates (FCA), reported revenues of £165.7m for the year ended 31 December 2013, compared to £163m the previous year. Taking off cost of sales of £114.5m (2012: £111.3m) and administrative expenses of £46.2m (£44.9m), the company made an operating profit of £5.1m (2012: £6.7m). Following the deduction of interest charges of £1.7m (2012: £1.9m), Ideapark made a pre-tax profit of £3.1m (2012: £4.9m).

After months of wrangling with its bondholders over its sale, NHP is to be acquired by US investment firm Formation Capital in partnership with...

In its latest stock exchange update, Cambian Group reported that group turnover for the nine months to 30 September 2014 was 12% higher than in the same period on 2013, with revenue growth for the third quarter of 14%. The board added that net debt at 30 September 2014 was £137m, with significant headroom on our £200m bank facilities to enable further organic and acquisitive growth’.

Not-for-profit provider Anchor Trust experienced a small rise in turnover for the year ended 31 March 2014. At the year end, revenues stood at £265.8m...

Not-for-profit provider Anchor Trust experienced a small rise in turnover for the year ended 31 March 2014. At the year end, revenues stood at £265.8m compared to £264.8m the previous year. After operating costs of £247.5m were deducted (2013: £246.7m) Anchor recorded an operating surplus of £18.3m (2013: £18.1m). Due to a deficit of £1.6m on the disposal of housing properties, compared to a surplus of £8.2m the previous year, the operator’s surplus dropped from £21.8m in 2013 to £12.1m at the end of the report period.

Charity Methodist Homes (MHA) reported a rise in total incoming resources of £196.5m, a 9.3% increase for the year ended 31 March 2014, from...

Charity Methodist Homes (MHA) reported a rise in total incoming resources of £196.5m, a 9.3% increase for the year ended 31 March 2014, from a restated figure of £179.7m, due to a growth in new services for older people along with inflationary increases.

Turnover within Saga’s healthcare division fell by 10% in the six months ending 31 July 2014.According to preliminary results, its homecare business achieved revenues...

Turnover within Saga’s healthcare division fell by 10% in the six months ending 31 July 2014.

The Abbeyfield Society reported a drop in turnover from £49.4m to £44.1m for the year ended 30 March 2014. Operating costs increased to £45.8m (2013:...