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 好色先生TV 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.
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