Sat.Oct 28, 2023

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Biggest private children’s homes in England made £300m profit last year

The Guardian

Fee income for 20 largest operators – many private equity-owned – soars as councils struggle to meet costs The biggest private providers of children’s homes in England made profits of more than £300m last year, as concern mounts over the conditions some children are being placed in and the spiralling costs for councils. Fee income for the 20 largest operators of independent children’s homes totalled £1.63bn last year, a 6.5% increase on the previous year.

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Biggest independent children’s care providers in England made £300m profit last year

The Guardian

Fee income for 20 largest operators – many private equity-owned – soars as councils struggle to meet costs The biggest independent providers of children’s care in England made profits of more than £300m last year, as concern mounts over the conditions that some children are being placed in and the spiralling costs for councils. Fee income for the 20 largest operators of independent children’s care totalled £1.63bn last year, a 6.5% increase on the previous year.