The UK’s care homes remain a compelling proposition for investors, providing a defensive investment opportunity in the face of Brexit, according to the latest research from global property advisor Knight Frank.

Knight Frank’s 2018 Care Homes Trading Performance Review demonstrates that the sector continues to be resilient despite uncertainty, with occupancy rates standing at a record high of 89.4%, whilst average weekly fees have risen for the seventh consecutive year, by 3.7% to £773. Profitability stands at 28.3% as measured by EBITDARM.

Edward Cooper Young provided a tailored Development Management Services on this scheme, acting as the focal point of the development.

This included agreeing all the pre-contract elements the external funding, specification, contract negotiations and full post contract management and co-ordination up to Practical Completion.

See some great drone and internal video of the recently completed Care Home in Biggleswade.

 

The care sector is understandably one of the most closely regulated sectors in the UK. Perhaps more than any other market, it is influenced by political and social factors in addition to demographic, economic and property trends.

Buyacarehome solicitors, Adams & Remers are hosting a Care Home Seminar in Brighton on 14 September at the Amex Stadium in Brighton.

The seminar is free to attend and entry is by prior registration only.

 

 

Mitchells specialist care home accountant team works proactively with residential care providers to grow their business, minimise tax liabilities, increase profitability and build the value of their investment.

Here is an article from them reflecting on care sector deals they have been involved with recently…

The Court of Appeal has overturned government guidance that entitled carers to the National Minimum Wage (NMW) for sleep-in shifts.

During its decision, the Court ruled that only hours spent awake counted as ‘worked’ hours, meaning carers can continue to be paid a flat rate for sleep-in shifts, and are no longer eligible to six years’ worth of back pay.