Half of residential care operators are on the up

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

Half the companies operating in the residential care sector improved their performance last year, according to financial analysts Plimsoll Publishing. Plimsoll says its new analysis, 2nd Edition 2002, has been strengthened to appeal to the non-accountant as well as the accountant in understanding company performance figures. Covering 1000 companies, Plimsoll describes the report as its most comprehensive analysis to date. One of the new features of the analysis awards each company with one of three indicators to represent improvement or decline in performance. The three performance indicators are: – Improving ­ 471 companies improved significantly; – Declining ­ 306 companies declined; – Static ­ 157 companies remained unchanged. These indicators are calculated on the overall “score” of the company¹s individual performance over the last 12 months. It is a combination of five key ratios. “The basis of these ratios is simple as any fall is a decline in financial performance and an increase is an improvement

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