Life Style joins top 15 providers

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

Life Style Care has consolidated its position among the UK’s top 15 major providers, announcing a 17.8 per cent increase in turnover to £41.2 million for 2004-2005 (2004 – £35m). During this period, Life Style Care increased the number of beds in its care centres to over 1,600 and has recently announced plans to build a further five care centres, increasing bed numbers to around 2,000, using a £150 million finance facility provided by the Royal Bank of Scotland. The company has reported an increase in gross profit of almost ten per cent to £15.9 million (2004 – £14.5m); and an increase in EBITDAR (earnings before interest, tax, depreciation, amortisation and reserves) of almost ten per cent to £12.2 million (2004 – £11m). Chief executive Ramesh Sachdev said the results were testimony to the growth strategy developed by himself and fellow directors Paul Ware and Makbul Jaffer. “We have successfully implemented a strategy of developing the company organically over several years, while maintaining high st

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