Retirement Security blames loss on economy

Retirement Security Ltd reported a ‘testing’ year for the period ending 31 May 2011 and blamed the banking and economic crisis for it making...

Care UK’s turnover and profits up thanks to public sector contracts

A strong reliance on public sector funding has led to a 2.4% increase in health and social care provider Care UK’s revenues. For the year...

Third sector update

Jewish Care reported revenues of £62.4m for the year ended 31 March 2011, a rise of 17.8% from the previous year’s turnover of £53m. During...

Profits down at Tracscare

Specialist care provider Tracscare Group Limited, owned by private equity house Sovereign Capital, achieved a turnover of £18.5m for the year ended 31 March...

European funding boost for Bridges Ventures

Equity house Bridges Ventures has announced that the European Investment Fund (EIF) is to be the main investor in its Bridges Ventures Fund III,...

Mixed results for care housing providers

Care housing provider McCarthy & Stone has filed a positive set of accounts revealing sales of £234.7m for the year ended 31 August 2011,...

Colten Care counts the cost of upgrades

Investment in its portfolio of 17 care homes led to a drop in operating profit for Colten Care Limited. Overall, the care home provider...

Graphite replaces Sovereign at NFA

Graphite Capital has replaced Sovereign Capital as the principal shareholder in the National Fostering Agency (NFA), as part of a management buyout of the...

Mears grows domiciliary care business

Mears Group has reported growth in its domiciliary care operation in its pre-close trading update for 2011 after it was awarded deals worth £60m.Since...

Care UK’s turnover and profits up thanks to public sector contracts

A strong reliance on public sector funding has led to a 2.4% increase in health and social care provider Care UK’s revenues. For the year ending 30 September 2011, the company recorded a turnover of £445.7m, up from £435.3m in 2010. Operating profit for the UK’s fifth largest residential care home provider stood at £11.7m, an increase of 9.3% on the previous year’s £10.7m .