Member Article

Warrington-based Assura reports strong results

Warrington-based Assura plc , the primary care property investor and developer has released its preliminary results for the year ended 31 March 2015.

The stats

The group has seen a 51.2% increase in profit before tax to £36.6m (2014: £24.2m).

The company has also reported a 27.5% increase in net rental income to £48.2m (2014: £37.8m).

The analysis

Assura has added significantly to its portfolio through both acquisition and new developments of property.

It has also successfully raised £175m in a fundraising move earlier in the year, which it has used to make property additions of £105m.

The comment

Chief executive, Graham Roberts, said: “Our business is driven by the continuing and growing need for community based health and social care in the UK.

“We are at a point in time when this need is growing as never before.

“The challenge has been recognised by the NHS and Government and resources for primary care infrastructure are being prioritised. Following our substantial increase in scale and financial resources this year, we are well placed to contribute with both skills and capital to this important endeavour.”

The summary

A strong year for the Warrington-based Assura plc with profits increasing by 51.2% and a successful round of fundraising during the year.

This was posted in Bdaily's Members' News section by Sophia Taha .