Companies running ‘inadequate’ UK care homes make £113m profit

Some of the country’s worst care homes are owned by companies that have made a total profit of £113m despite some of the vulnerable people they are supposed to look after being neglected, it can be revealed.

An investigation by the Guardian has found that companies owning homes that care for elderly people with dementia, disabled people and those with learning difficulties – and have been rated “inadequate”, the lowest possible rating by the Care Quality Commission – are turning over a healthy profit.

The company accounts do not state whether specific failing care homes make a profit, but critics called on the firms to use their wider income to rectify the issues raised by the CQC reports before taking profits that often amounted to millions.

An analysis by the Guardian of 220 homes rated inadequate by recent inspection reports in England showed that at least 44 – many of which will receive government funding to care for residents – were owned by companies making millions in pre-tax profits.

The firms’ total pre-tax profits for the year amount to £113m, according to their most recently available accounts filed with Companies House.

– The Guardian

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