The UK's population is steadily growing older. By 2025, it is estimated that more than a third of people in the UK will be over 55, while the number of people aged 85 and over has already reached a record 1.2 million.
So care homes are likely to be a growth area now and in the future a prospect that brings opportunities as well as new challenges for a sector that already has to deal with many issues unique to this specialist field.
At DTT Consultancy we like to think we are more than just accountants. That is why we provide every one of our care home clients with an integrated package of accountancy advice and support to meet all of their financial needs.
Running a care home is a full-time job in itself, particularly when it involves dealing with the demands of ever-changing regulations designed to maintain the high quality of your services - so having experienced accountants behind you, who understand the issues you face, is vital.
We can provide all the business support services you need and help your in-house systems to run more effectively. We can also work with you to build your business, minimise tax liabilities, increase profitability and build the value of your investment.
Whether you are an individual home owner, a corporate group or a not-for-profit organisation, including:
Retirement / Residential Homes for the Elderly
Supported or Assisted living
Learning disability, challenging behaviour and specialist needs
Rehabilitation care homes
We can help by providing services including:
acquisitions and disposals
tax compliance and planning
Our specialist accountants understand that no two care homes are alike and so through your dedicated account manager, you will receive expert advice unique to your business.
What proportion of your residents are self-funded, rather than funded by the public sector?
What is the average weekly fee offered by your local council for residential care?
What is the average weekly fee you charge for self-funding residential care?
What is your current level of occupancy?
What proportion of your costs is your staff payroll?
How has your net profit before tax changed in the past year?
What is your current staff turnover per year?