New contracts boost Greenbrook

Ongoing investment and a new walk-in centre contract have helped boost turnover for urgent care provider Greenbrook Healthcare.

The Hounslow-based company said its new contract in north west Surrey, along with the transition to lead provider in one of its urgent care centres (UCCs), had contributed to a 3.9% increase in activity in the year to 31 March 2018, in turn fuelling an 11.5% jump in turnover to £32.4m.

Cost of sales increased by 7% to £25.9, while administrative expenses were up from £4.4m in 2017 to £5.1m this time around. After interest and other income, pre-tax profit more than doubled to £1.4m (2017: £460,000).

The directors said they remained optimistic about long term growth prospects. Just prior to the year end, the company commenced delivery of a new urgent care centre contract in Brent and a support contract in Surrey.

‘Urgent care centres continue to be the main area of development and opportunity,’ said the company. ‘As patient attendance at NHS hospital A&Es continue to rise and with the roll-out of standardised new Urgent Treatment Centres being a key component in the plans to deliver on the NHS Five Year Forward View, an increasing number of NHS organisations are showing interest in our capabilities and track record of delivering UCCs to an ever more demanding specification.’