Housing disposals eat into Anchor’s profits

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.

Acquisitions boost Methodist Homes’ finances

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...

Acquisitions boost Methodist Homes finances

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.

Hoare takes Ofsted chair

David Hoare has replaced Baroness Sally Morgan as chair of Ofsted. The former chair of the Teenage Cancer Trust took up the post last...

CareTech’s Wallace retires

Executive director of CareTech Holdings Stewart Wallace retired from the specialist care provider’s board last month after reaching the age of 65. He will...

Thorpe to head up Optalis growth

Gary Thorpe has been appointed commercial director at Optalis. He was previously business development director at Craegmoor. His role will be to lead the...

Evans to direct care at Abbeyfield Kent

The Abbeyfield Kent Society has appointed Paula Evans as director of care. Ms Evans, who has held executive director positions in the NHS and...

New Developments

Alternative Futures Group has been awarded a contract to support people moving to independent living settings by Tameside Council. Under the deal, the charity will...

Saga reports ‘strategic’ drop in turnover

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...

Saga reports strategic drop in turnover

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