Retirement homes developer starts 鈥渙rganisational review鈥� after appointing new chief executive in January
Retirement homes developer McCarthy & Stone has announced it has begun an 鈥渙rganisational review鈥� that will impact on jobs across its head office and five regional offices.
The developer, which is under new management after hiring a new chief executive Clive Fenton in January and a new chairman John White (pictured) in September said 鈥渁ll affected employees will be consulted鈥�.
The firm said the review has 鈥渢he goal of transforming the business and achieving long-term growth鈥�, adding: 鈥淚t will consider the right structures, systems and processes to create a more profitable, scalable and effective business.鈥�
The impact will primarily be in its head office, the firm said.
In an interview with 黑洞社区 this week McCarthy & Stone chairman John White .
In a trading update this morning for the half-year period to 28 February 2014, the developer said revenue was up 50% on the previous year to approximately 拢150m.
The firm, which made a pre-tax loss of 拢11.8m on turnover of 拢311m in 2013, did not provide an update on profit for the period.
The developer had a 30% increase in completions to 659 units, while the firm hasbought 34 new development sites totalling 1,100 units since September 2013.
No comments yet