Care homes firm makes £1.6m more
A company that owns care homes, including one locally, has seen turnover increase by 6.5% its annual report has said.
Maria Mallaband, which owns The Westbourne, Cricketers Way, Holmes Chapel, saw operating profit increase from £5m to £6.7m as a “consequence of increased activity” but despite “the increasing pressure that the elderly social care market was placed under” by the increases in national living wage and general inflationary pressures.
“In view of the current economic climate, the directors consider the trading performance in the year to be satisfactory,” said the company’s annual report.
The profit for the year, after taxation, amounted to £3m, up from £1.6m the year before.
Turnover was £15m, with gross profit £6.3m and operating profit £3m. The company paid nearly £93,500 in tax.
The company’s major expense was wages and salaries, which added up to £8.6m, with social security costs and the defined contribution scheme bringing this up to £9m.
The company employed 614 people, up from 601 the year before.
Its other homes include Cavendish Court and The Belvedere in Alderley Edge.
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