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





Comments are closed.


Latest blog posts

Shuffling to some purpose – or just fancy footwork?

By guest blogger JEF SMITH

Spare a thought if you will for the hard pressed people who have to update government information. Well into 2018, for...

Life support for the NHS

By Caring Times editor GEOFF HODGSON

To outline a comprehensive remedy for the ongoing and worsening woes of the beleaguered NHS would take a little more...

A flight of festive fancy

By Caring Times editor GEOFF HODGSON

Christmas Past: It’s cold outside but inside the care home the star atop the tree beams its rays of hope...