Savills celebrates 20% increase in turnover

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

FDP Savills, business transfer agents with a healthcare division, have reported a sparkling set of results to the year end December 2002. Turnover was up by 20 per cent to £282m (2001: £235m). Pre-tax profit was £24.7m, up 17 per cent on 2001 (£21.6m). Group operating profit margins were 10 per cent compared to 8 per cent in 2001. The healthcare team has seen an increase in activity made possible by lower interest rates and greater availability of bank funding. The team has advised on 190 healthcare properties with valuations and sales in the order of £240m. Notable instructions included the purchase of Highcare by Ridgemount for £12.75m, and the acquisition of Elifax by Robinia Care.

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...