Site Search
December edition out now


Not a subscriber?

To request a Two-Issue Free Trial email your details to: subs@theassignmentreport.com

Revenue down 4.7% at Hesley Group

publication date: Jun 30, 2013
Print
Hesley Group, the provider of specialist care and education to children and adults with autism and other complex needs, has reported an EBIT of £4.8m (2011: £6.6m) for the year ended 31 December 2012, on revenue down 4.7% to £34.1m (2011: £35.8m), according to the accounts of its parent company filed recently at Companies House. After net finance charges of £1.3m (2011: £240k) the company reported a pre-tax profit of £3.6m (2011: £6.3m).

The company generated net cash inflow from operating activities in FY12 of £6.7m (2011: £7.7m) and had net debt of £19.3m (2011: £22.8m) at the year end. The company’s FY12 financial performance was in part impacted by a fall in average occupancy including day and respite places during 2012 to 145 compared to 152 in 2011. The company also reports that ongoing budget restrictions on UK local authorities have resulted in continuing price pressure on all providers within the sector.

Founded in 1975, the company operates two specialist autism schools and three adult residential sites located in South Yorkshire. Hesley Group also provides supported living services for adults with complex needs who require ongoing autism support and operates nationally, placing people from more than 60 local authorities around the UK. The company is controlled by Stephen Lloyd.

 

www.hesleygroup.co.uk


Copyright Meissa Limited 2005-2019