Acquisitions & Disposals
Change in Total Beds
Adapting our portfolio over time
▪ The charts show the net changes to our portfolio as we have grown and modernised the estate ▪ Expanding our reach in supporting those in need, while maintaining high quality service, and ▪ Taking hard decisions if a home is not working for us ▪ This has added 637 beds across the group since 2014 ▪ Growth in beds also represents the increasing size of each home ▪ Since 2014, average beds per home has increased 21% from 38 to 46
Changes in Total Beds (YOY) FY13/14 shows total beds
▪ With new homes generally having 60 - 80 beds
Change in Total Homes
▪ While we have been active in home expansion and disposal.
Changes in Home Numbers (YOY) FY13/14 shows total homes
▪ In the year to 31 March 2024, we: ▪
Reopened renovated Mt. Ephraim House in Tunbridge Wells ▪ Opened Broadacres, a residential care home in Norfolk ▪ Closed one home – St Cross in Winchester ▪ Sold and leased back one home with an institutional investor ▪ Investing the proceeds in a new freehold home ▪ With the balance earmarked for our site at Newport Pagnell
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