CM Company News

With one of the highest compliance ratings of a large care home provider in the UK, Colten Care reported a 6.9% rise in revenues...

Care home operator ADL plc enjoyed a leap in turnover for the year ended 31 March 2012. The company reported revenues of £7.3m, an increase of 49% on the previous year’s £4.9m.

Sales remained static for Signature Senior Lifestyle Limited for the year ended 31 December 2012 despite a change in fortune for two of its operational divisions. Turnover stood at £13.92m, a marginal decline on the previous year’s £13.96m. Revenues from the development of its senior living communities dropped to £1.8m (2011: £5.5m) but rose to £11.3m (2011: £8.1m) from operating these facilities. Furthermore, during the report period Signature doubled the turnover from its investment management fees operation to £800,000.

The organic maturation of its specialist care services resulted in a 6% growth in EBITDA at Voyage Holdings Limited for the year ended 31 March 2011.

The year ended 31 May 2011 was a very good one for complex care provider Lifeways. The supported living and residential care operator reported a turnover of £65.5m, an increase of 28% from the previous year’s £51.2m. Operating profit soared by 56% to £8.6m (2010: £5.5m) and a post-tax profit of £7.3m was recorded (2010: £5.3m) by the provider, which was named as the top provider in autumn’s Laing’s Healthcare 20.

Supported living services accounted for the vast majority of incoming resources achieved by charity Alternative Futures Group for the year ended 31 March 2013. The portfolio of 258 schemes supporting 678 people achieved revenues of £42.5m (2012: £44m), with its nine independent hospitals contributing £8.6m and its two adult care homes arm earning £2.4m, £1m more than 2012. The total figure of £55.1m, however, fell marginally from the previous year’s £55.7m.

Following two major acquisitions, Voyage reported revenues of £181.4m for the year ended 31 March 2013, an increase of 27.5% on the previous year’s £142.2m.

CareTech has made a stock exchange announcement stating trading performance for the first half of the financial year is in line with director’s expectations’, and advising that it had begun discussions on refinancing.

The housing arm of Mencap has launched a £10m charity bond to raise money to buy homes for people with a learning disability.

AK (SPV) Limited, the parent company of Akari Care, reported £43m in turnover for the year ended 31 October 2014, a £1m rise on the previous year’s figure of £42m. Cost of sales stood at £28.7m (2013: £27.8m) and administrative expenses (excluding refurbishment costs) were £9.7m (2013: £10.2m).