Care UK reports growth and improved margins

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

In its half-yearly report to the end of March of this year, Care UK has reported new contracts and improved margins for its homecare operations. The company provided 42,500 care hours in the period for a turnover of of just over £10.5 million and an operating profit of £809,000 (the figures for the previous six months were £9.291 million and £617,00). Margins had increased from 6.6 per cent in the previous six months to 7.7 per cent. Care UK chief executive Mike Parish said the margins had been achieved in the face of significant legislative changes which had affected homecare service providers over the last three years. These had included the working time regulations and minimum wage legislation. “We have seen a strong performance in key geographical areas, notably the North East, East Anglia, Essex and our newly acquired business in Brighton,” Mr Parish said. “Our insistence on delivering service to a high quality standard, robust operational procedures, along with management and support structures, mea

Comments are closed.

Latest blog posts

Extracare – the next best solution?

By Caring Times editor GEOFF HODGSON

Academics at Newcastle University say that an average of almost nine thousand more care home beds will be needed each...

Care homes discounted in end of life care

By Caring Times editor GEOFF HODGSON

I am sure that we all want those who we care for to experience ‘a good death’ when the time...

Perhaps I’m ‘app’athetic

By Caring Times editor GEOFF HODGSON

I’ve got an app in my toolbox that allows me to bang-in nails – I call it a hammer. I’ve...