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Balhousie Care Group plans £6m investment following strong financials

Jill Henderson2homeimg (002)

Leading Scottish operator Balhousie has announced £6m plans to upgrade its care home portfolio following strong financial results.

The provider, which operates 26 care homes and provides care to over 900 residents, reported turnover of £34.7m in the year ending 30 September 2020 up from £34.0m in 2019. Pre-tax profit remained flat at £3.2m.

Group CEO, Jill Kerr (pictured), said the solid financial performance had provided a platform to invest in its facilities.

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The investment plans include extensions and refurbishments for Balhousie’s Wheatlands care home in Bonnybridge and Moyness care home in Broughty Ferry, as well as plans to develop new facilities across Perthshire, Dundee, Angus and Stirlingshire.

“These results demonstrate that Balhousie Care Group has continued to deliver a strong performance, despite the unprecedented challenges we have faced during the pandemic,” Jill said.

“Caring for our residents and staff has never been more important, and that’s why we have invested heavily in making our homes even more safe and secure.

“2020 will be remembered as one of the most challenging in Balhousie’s thirty year history. The threat posed by the coronavirus pandemic has had a huge impact on us as a business and as people. We are immensely grateful and proud of the exceptional care our staff have shown and continue to show to our residents.”

Earlier this year, the care home operator celebrated a historic legal victory after the Supreme Court ruled in its favour over a VAT decision on the sale and leaseback of one its care homes.

 

Tags : Balhousie Care GroupFinance
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The author Lee Peart

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