Analysis shows healthy market growth in 2002

Posted on January 1st, by editor in Caring Times. No Comments

The UK residential care homes market is set to grow at a healthy 3.7 per cent in 2002, according to a recently published analysis from Plimsoll. However, the growth will not be seen across the entire industry. Studying the latest figures from the biggest 1,000 companies in the residential care homes industry, market analysts Plimsoll said almost a third of the industry may not see growth at all and could lose 7.3 per cent of sales on average this year. Two thirds of these companies saw profits fall in 2001 and almost 39 per cent are currently loss making. Despite these factors very few reduced staff and only 52 per cent made attempts to reduce their asset base. On the growth side, Plimsoll¹s first sector analysis edition for 2001 names 628 companies that shared 10.5 per cent growth last year. Within this group 157 companies individually increased sales by a minimum of 32.7 per cent. Many of these high growth companies are quite large, with 20 of them making up part of the largest 100 companies in the UK resi

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