Plimsoll analysis says smaller operators are outperforming the major providers


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

Size and scale are no advantage when it comes to overall financial success, according to a new study by care homes sector industry analysts Plimsoll Publishing, who say the the industry’s smaller players are putting their bigger counterparts to shame when it comes to overall financial performance. The study has looked at the sector¹s biggest 150 companies and compared their financial performance with that of 1000 smaller UK care home competitors. “There is no doubting the dominance of these 150 major players,” said Plimsoll analyst David Pattison. “They currently control almost 94 per cent of the market. Yet look beyond their size at their individual financial performance and their image appears somewhat staid.” Of the top 150 companies profiled, # 57 failed to increase sales beyond that of the industry average. # 85 made less profit than the average industry performer. # 69 are less efficient in their use of people ­ dispelling the myth that economies of scale bring large efficiency advantages. # 105 are r





Comments are closed.


Latest blog posts

Inconstant gardeners

By Caring Times editor GEOFF HODGSON

Last Saturday was fine and dry so I managed to put in a few hours on our allotment. Not...

When the chips go down . . .

By Caring Times editor GEOFF HODGSON

I have heard people say they couldn’t get by without their smartphone, and I suppose this must be true...

Loneliness behind the front doors

By Guest Blogger KEITH LEWIN

Last week SCIE issued its monthly ‘Briefing for Commissioners’, its focus is on social isolation which it correctly says “can...