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

The future’s bright, alright?

By Caring Times editor GEOFF HODGSON

There has been a lot of debate about ‘hard’ and ‘soft’ borders of late (if it’s any help, I like...

Time for a ten dollar answer

By Caring Times editor GEOFF HODGSON

Ernest Hemingway was known for his minimalist style and he used to pooh-pooh what he called “ten-dollar” words. Not to...

Lacking capacity

By guest blogger JEF SMITH

A friend of mine diagnosed with cancer – now, happily, treated – was asked how he could possibly have missed the...