CareTech underlines strong long term cash flow in trading update


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

AIM-listed CareTech, a specialist provider of care and support for people with learning difficulties has issued a trading update, ahead of the publication of its interim results for the six months ended 31 March 2009 on 18 June 2009.

With the benefit of secure, asset backed long-term income and highly visible earnings; CareTech reports:

  • Trading for the first half of the financial year was in line with expectations and reflects continuing progress from both organic development and acquisition growth during 2008.
  • Strengthened management and an efficient organisational model based on two effective regions have led to the successful integration of the company’s two major acquisitions – Beacon Care and Valeo – that are delivering results in line with directors’ expectations.
  • Occupancy in established services continues to run at 94% in line with previous years.
  • During the first half of the year CareTech increased capacity by a further 72 beds.
  • 47 beds were added through organic initia





Comments are closed.


Latest blog posts

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...

Fond memories of long distance discomfort

By Caring Times editor GEOFF HODGSON

The Ford Anglia, the earliest models of which were built in 1939, was a great car for a small family;...