Industry Analysis & Industry Trends
The Retirement Homes industry is expected to generate revenue of £4.9 billion during 2016-17, a fall of 0.1% on the previous year. Although revenue grew in 2014-15 and 2015-16, overall, it is expected to contract at a compound annual rate of 0.7% over the five years through 2016-17. The major negative impact on the industry was the downturn that precipitated a debt crisis as tax revenue plummeted. In response, the government curtailed public expenditure, including the grant it provides to local authorities for services such as care requirements. Local governments supply funding for spending on the industry's services, either fully or partially, depending on a financial assessment of an individual's needs... purchase to read more
Industry Report - Industry Key Buyers Chapter
The industry exhibits a low level of concentration, since the four largest operators generate an estimated 8.1% of total industry revenue. All firms are relatively small, and the largest accounts for a meagre 3.7% share of revenue. The large number of small-scale operators demonstrates how fragmented the industry is. Nearly two-thirds of all enterprises employ fewer than 20 people. Some operators are expected to consolidate in future years as firms look to capitalise on growing demand and seek to gain greater efficiencies in order to boost profit margins.
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