Balhousie Care Group is today named as one of Britain’s fastest growing companies, with a listing in the prestigious Sunday Times BDO Profit Track 100.
The award-winning care home group, with 25 homes located throughout Scotland, gained the ranking following a “remarkable” turnaround in its performance and finances, and a string of awards for innovative care practices and leadership.
The Sunday Times BDO Profit Track 100, published today, ranks Britain’s 100 private companies with fastest growing profits over the latest three years. Balhousie Care Group came in at number 73 in the list with an average profit growth of 64% to £6.2m in 2017. The Perth-based group has worked hard to become a leading player in the independent care sector and a trusted name in the industry, said its founder and Chairman Tony Banks.
Banks said: “I’m extremely proud to see Balhousie Care Group ranked in the Sunday Times BDO Profit Track 100. These last few years have seen a remarkable turnaround for the company. We have always been committed to providing high quality elderly and specialist care. However, thanks to the dedication and hard work of our staff, a major bank refinancing deal, and the introduction of some of the most innovative care practices in the U.K., Balhousie Care Group is not only a trusted and go-to brand, it is also a leading player in its field.”
In 2017, a bank refinancing deal worth £49m enabled Balhousie Care Group to fund improvements to existing homes and services, as well as begin a buy back programme of some of its care homes which were sold off and leased back to the company.
Balhousie Care Group recently announced three new senior management appointments: Claire Docherty as Head of Operations; and, in two newly created roles, Gale McIntyre as Head of Performance and Improvement and Louise Byars as Executive Manager and Head of Brand.