Care UK reports continued growth

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

Care UK plc has reported a 10% increase in pre-tax profit to £3.27 million for the six months to the end of March, 2001. The company is a specialist care provider with NHS and social services contracts to provide nursing, residential and home care to elderly and mentally ill people, and adults with learning disabilities. Care UK has secured significant new business in Northampton, this being a 15 year, 266-bed agreement for residential care. Existing contracts in Tower Hamlets, Watford and Bushey had been extended with 900 new beds coming on stream during the next 12 months. Chief executive Richard Clough said contracted revenues now exceeded £400 million and bank facilities were to be increased by £25 million to £78 million to finance new business. “Winning major contracts, together with extensions to existing contracts, has created continued success for Care UK and will underpin profit growth for the next few years,” Mr Clough said. “In addition, we have significant enquiries in the pipeline for all are

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