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Top 10 children’s care providers made £300m profits, says Observer

The 10 largest providers of children's social care placements made more than £300m in profits last year, according to research seen and reported by the Observer. Profits among the top 20 providers of care home and fostering places now amount to 20 per cent of their income.

The report follows publication earlier this month of a report by the Competition and Markets Authority in which it expressed concerns about financial stability of private children's home providers and high profits in the sector.

For the Observer report, click here. For the CMA report, click here.

27/3/22