Valuations are now a ‘test of fitness’

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

Healthcare valuers and surveyors GLP say they are witnessing an increase in the number of valuations being sought, but add that clients are increasingly demanding more than a simple bottom line value. Fiona Barrett is a chartered surveyor who, as one of GLP1s senior valuers, is described by the company as having led what it terms the pioneering drive to provide valuations which are more a test of a care home1s “fitness for the future” than its present market value. “Increasingly, lenders are demanding a profile of the business rather than a simple valuation,” Ms Barrett said. “They want to know over what period a business is likely to be profitable, and whether viability is likely to be adversely affected or improved by plans for future development. Such information enables funders to take a much more informed view about whether to lend or continue with support, and over what period.” How a care home plans to manage issues such as the National Minimum Standards, staffing levels against operating levels, and t

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