Small Care Home KPIs – 2020
This is best illustrated by average fees of £728 a week, 5.3% higher than those in homes with over 21 beds. In fact, fees in smaller homes increased by 8.2% over 2019, compared to a 1.8% increase in homes over 20 beds.
FMOP (fair maintainable operating profit) increased by 6%, due to a combination of higher fees and reduced staff costs.
It is ironic that lending policies of the mainstream banks means that they will not support new monies for homes of this size. Fortunately, there are other lenders supporting this sector of the care market.