RMBI Care Co. trading statement for the financial year 2024/25 ending 31 March 2025 (unaudited)

• RMBI Care Co. (the “charity”) is today issuing its operating trading update for the financial year 2024/25 ending 31 March 2025.

• The 31 March 2025 figures are unaudited.

Highlights

• Mark LLoyd, Managing Director for RMBI Care Co., made a statement to the London Stock Exchange during January 2025 to confirm he would be retiring from full-time work in June 2025, after nine years of service at the charity.

• Debra Keeling, Development Director, will assume an interim Managing Director role pending the permanent appointment of Mark’s successor.

• The charity has delivered a strong set of performance results for the financial year ending 31 March 2025.

• Financial performance at year-end saw an EBITDA for the year reach £3.1 million, representing a substantial year-on-year increase of 225% compared to £961k in the previous year. The operating deficit was significantly reduced to £764k, an improvement of over £1.3 million from the prior year’s deficit of £2.1 million.

• 5% occupancy was achieved with an average of 834 placements for the period. 61.8% of these placements were private self-funders.

• 91% of all permanent posts were filled despite operating in a challenging recruitment market.

• Alongside the strong financial results, the charity achieved 100% compliance with CQC (English regulator) and CIW (Welsh regulator). All 17 Homes were rated ‘Good’, ‘Outstanding’, or ‘Fully Compliant’.

• In March 2025, Nina Stephens, Home Manager for Prince George Duke of Kent Court, in Chislehurst, was awarded ‘National Registered Home Manager’ at the prestigious Great British Care Awards.

• In April 2025, the charity was nominated for ‘Campaign of the Year’ at the 2025 Health and Safety Awards.

• The charity continues to progress its new-build scheme at Cornwallis Court, Bury St Edmunds. The first phase of the nursing and dementia care home, which will be able to support up to 64 people, will be complete in 2026.

• Two care homes have undergone refurbishment works: Zetland Court, in Bournemouth, and Prince Edward Duke of Kent Court, in Essex, creating new dementia placements to respond to residents’ needs.

• Six care homes have been commissioned to convert energy supplies to solar energy as part of the Sustainability Strategy to improve efficiencies and costs.

• During the year, the charity successfully sold two apartments in an investment joint venture development on Great Queen Street, in London, releasing £3.4 million.

• RMBI Care Co.’s 2024/25 Impact & Sustainability Report is now available online showcasing the annual impact and activities.

 

Mark LLoyd, Managing Director of RMBI Care Co., commenting on the results, said:

After nearly nine years, it is pleasing to be able to leave RMBI Care Co. with the charity in a stable position. Following the challenging years of the pandemic, it is excellent to see the strength of our financial results and regulatory outcomes in my final year.

The bedrock of our success remains the quality care delivery across our portfolio, which in turn, gives the charity a strong reputation in the sector. The Retail Charity Bond continues to support both our sustainability objectives and new build development.