• 01707 – 601 – 800

Celebrating every
individual success

We bring together the latest developments in care working with individuals, their families and professionals.

Financial highlights

Interim results 6 months March 2015

Highlights

  • Underlying EBITDA(i) increased by £0.6m to £14.5m (H12014: £13.9m)
  • Underlying profit before tax(ii) increased by 11% to £9.4m (H12014: £8.5m)
  • Underlying diluted earnings per share(ii) increased by 8% to 14.05p (H12014: 13.07p)
  • Strong operating cash inflow before non-underlying items of £12.9m (H12014: £13.1m) with net debt of
  • £147.2m at 31 March 2015 (31 March 2014: £165.7m)
  • Overall capacity moved since the year end by 22 places to 2,052 (FY2014: 2,074)
  • Interim dividend increased by 8% to 2.80p (2014: 2.60p) per share

Statutory Financial Highlights

  • The Group raised £21m in March 2015 which will be used to fund acquisitions and growth
  • Net Assets have grown by 27% to £130.8m (H12014: £103.2m)
  • EBITDA(iii) increased by 4% to £13.2m (H12014: £12.7m)
  • Cash inflows from operating activities were £11.5m (H12014: £10.9m)

(i)Underlying EBITDA is operating profit stated before depreciation, share-based payments charge and non underlying items (explained in note 3)
(ii)Underlying profit before tax and underlying diluted earnings per share are stated before non underlying items (explained in note 3).
(iii)EBITDA is operating profit stated before depreciation, share-based payments charge and amortisation of intangible assets.

Financial year September 2014

Highlights

  • Revenue increased by 7.9% to £123.3m (2013: £114.3m)
  • Underlying EBITDA(i) increased by 16.3% to £30.7m (2013: £26.4m)
  • Underlying profit before tax(ii) increased by 12.6% to £19.7m (2013: £17.5m)
  • Underlying diluted earnings per share(ii) increased by 13.1% to 31.01p (2013: 27.43p)
  • Cash inflows from operating activities before non-underlying items of £30.3m (2013: £23.9m) with net debt of £166.1m (2013: 168.5m)
  • Overall capacity reduced by 42(iv) places to 2,074 (2013: 2,116)
  • Property portfolio independently valued at £275m
  • Final dividend of 5.40p per share increased by 15.4% (2013: 4.68p per share)

Statutory Financial Highlights

  • EBITDA(v) decreased by 29% to £28.3m (2013: £39.9m)
  • Operating profit(v) decreased by 38% to £20.5m (2013: £32.9m)
  • Diluted earnings per share decreased by 50% to 23.85p (2013: 47.54p)
  • Cash inflows from operating activities were £26.1m (2013: £21.6m)

(i)Underlying EBITDA is operating profit stated before depreciation, share-based payments charge and non-underlying items.
(ii)Underlying profit before tax and underlying diluted earnings per share are stated before non-underlying items.
(iii)EBITDA is operating profit stated before depreciation, share-based payments charge and amortisation of intangible assets.
(iv)Overall capacity has reduced by 42 reflecting the net of 63 additional beds now available, 12 beds withdrawn for reconfiguration, 30 places less in small supported living packages and a reduction of 63 for carers not currently accepting children.
(v)These statutory highlights have decreased following a non-recurring significant increase in 2013 as a result of the business activity in that year.

Financial year September 2013

Highlights

  • Revenue increased by 0.2% to £114.3m (2012: £114.1m)
  • Underlying EBITDA(i) increased by 6.0% to £26.4m (2012: £24.9m)
  • Underlying profit before tax(ii) increased by 4.8% to £17.5m (2012: £16.7m)
  • Underlying diluted earnings per share(ii) increased by 3.6% to 27.43p (2012: 26.47p)
  • Cash inflows from operating activities before non-underlying items of £23.9m (2012: £22.2m) with net debt of £168.5m (2012: £131.2m)
  • Overall capacity reduced by 50 places to 2,116 due to changes in definitions of capacity
  • Acquisition for a total consideration of £39.8m
  • Post balance sheet acquisition of EQL Solutions for a total consideration of £1.5m
  • Property portfolio independently valued at £275m
  • Final dividend of 4.68p (2012: 4.29p) per share, resulting in full year dividend of 7.00p (2012: 6.50p)

Statutory Financial Highlights

  • EBITDA(iii) increased by 87.3% to £39.9m (2012: £21.3m)
  • Operating profit increased by 138.4% to £32.9m (2012: £13.8m)
  • Diluted earnings per share increased by 285.9% to 47.54p (2012: 12.32p)
  • Cash inflows from operating activities were £21.6m (2012: £19.2m)

(i) Underlying EBITDA is operating profit stated before depreciation, share-based payments charge and non-underlying items.
(ii) Underlying profit before tax and underlying diluted earnings per share are stated before non-underlying items.
(iii) EBITDA is operating profit stated before depreciation, share-based payments charge and amortisation of intangible assets.

Interim results 6 months March 2013

Highlights

  • Revenue increased by 1% to £56.6m (2012: £56.1m)
  • Underlying EBITDA(i) increased by 3% to £11.8 (2012: £11.5m)
  • Underlying profit before tax(ii) increased by 3% to £7.6m (2012: £7.4m)
  • Underlying diluted earnings per share(ii) reduced by 0.5% to 11.82p (2012: 11.88p)
  • Strong operating cash inflow before non underlying items of £10.9m (2012: £10.5m) with net debt of £133.2m at 31 March 2013 (2012: £131.5m)
  • Overall capacity increased by 32 places to 2,198
  • Interim dividend increased by 5% from last year to 2.32p (2012: 2.21p) per share

Statutory Financial Highlights

  • EBITDA(iii) increased by 1% to £10.3m (2012: £10.2m)
  • Profit before tax £3.4m (2012: £4.0m)
  • Diluted earnings per share decreased by 33% to 6.03p (2012: 9.01p)
  • Cash inflows from operating activities were £10.9m (2012: £10.5m)

(i) Underlying EBITDA is operating profit stated before depreciation, share-based payments charge and non underlying items (explained in note 3).
(ii) Underlying profit before tax and underlying diluted earnings per share are stated before non underlying items (explained in note 3).
(iii) EBITDA is operating profit stated before depreciation, share-based payments charge and amortisation of intangible assets.

Financial year September 2012

Highlights

  • Revenue increased by 4.5% to £114.1m (2011: £109.2m)
  • Underlying EBITDA(i) increased by 7.3% to £24.9m (2011: £23.2m)
  • Underlying profit before tax(ii) increased by 5.0% to £16.7m (2011: £15.9m)
  • Underlying diluted earnings per share(ii) increased by 4.4% to 26.47p (2011: 25.35p)
  • Cash inflows from operating activities before non underlying items of £22.3m (2011: £22.2m) with net debt of £131.2m (2011: £127.3m)
  • Overall capacity increased by 110 places to 2,166
  • Property portfolio independently valued at £225m
  • Final dividend of 4.29p (2011: 4.00p) per share, resulting in full year dividend of 6.50p (2011:6.00p)
  • Successful Bank Refinancing completed with facilities to 2017

Statutory Financial Highlights

  • EBITDA(iii) increased by 13.9% to £21.3m (2011: £18.7m)
  • Operating Profit increased by 13.1% to £13.8m (2011: £12.2m)
  • Diluted earnings per share increased by 5.3% to 12.32p (2011: 11.70p)
  • Cash inflows from operating activities after non underlying items were £19.2m (2011: £18.2m)

(i) Underlying EBITDA is operating profit stated before depreciation, share-based payments charge and non-underlying items.
(ii) Underlying profit before tax and underlying diluted earnings per share are stated before non-underlying items.
(iii) EBITDA is operating profit stated before depreciation, share-based payments charge and amortisation of intangible assets.

Interim results 6 months March 2012

  • Revenue increased by 7% to £56.1m (2011: £52.2m)
  • Underlying EBITDA(i) increased by 13% to 11.5m (2011: £10.2m)
  • Underlying profit before tax(ii) increased by 10% to £7.4m (2011: £6.7m)
  • Underlying diluted earnings per share(ii) increased by 10% to 11.88p (2011: 10.76p)
  • Strong operating cash inflow before non-underlying items of £11.5m, with net debt of £131.5m at 31 March 2012
  • Overall capacity increased by 60 places to 2,116
  • Close to reaching an agreement on the early re-financing of bank debt
  • Property portfolio independently valued at £225m
  • Interim dividend increased by 11% to 2.21p (2011: 2.00p) per share
  • EBITDA(iii) increased by 20% to £10.2m (2011: £8.5m)
  • Profit before tax unchanged at £4.0m (2011: £4.0m)
  • Diluted earnings per share increased by 55% to 9.01p (2011: 5.82p)
  • Cash inflows from operating activities were £10.5m (2011: £8.3m)

(i) Underlying EBITDA is operating profit stated before depreciation, share-based payments charge and non-underlying items (explained in note 3).
(ii) Underlying profit before tax and underlying diluted earnings per share are stated before non-underlying items (explained in note 3).
(iii) EBITDA is operating profit stated before depreciation, share-based payments charge and amortisation of intangible assets.

Financial year September 2011

  • Revenue increased by 22% to £109.2m (2010: £89.7m)
  • Underlying EBITDA(i) increased 4% to £23.2m (2010: £22.4m)
  • Underlying Profit before tax(ii) has decreased by 3% to £15.9m (2010: £16.4m)
  • Profit before tax decreased by 2% to £7.4m (2010: £7.6m)
  • Underlying diluted earnings per share(ii) decreased by 8% to 25.35p (2010: 27.59p)
  • Diluted earnings per share decreased by 14% to 11.71p (2010: £13.55p)
  • Strong cash inflows from operating activities increased by 12% to £22.2m (2010: £19.8m) with net debt of £127.3m (2010: £113.2m)
  • Overall capacity increased by 247 to 2,056
  • Recent acquisitions have been successfully integrated and the divisional structure is now in place
  • Final dividend of 4.00p (2010: 3.66p) per share, resulting in full year dividend growth of 9%

(i) Underlying EBITDA is operating profit stated before depreciation, share-based payments charge and non-underlying items.
(ii) Underlying profit before tax and diluted earnings per share are stated before amortisation of intangible assets and non-underlying items.
(iii) Non underlying items comprise: amortisation of intangibles, acquisition expenses, bargain purchase credits, fair value adjustments on prior year acquisitions, gains or losses on disposal of plant and equipment, changes in value and additional finance payments in respect of derivative financial instruments, post-acquisition integration and reorganisation costs, minimum future lease uplifts and provision for onerous leases.

Resources

Find a service