NHS Property Services reports 7£ million loss in its first year

July 24, 2014 8:51 am

Property Week reports that the company’s first annual report since April 2013 has shown an operating loss of £7 million, as part of a total loss of £159 million, partly attributed to covering debts inherited by Primary Care Trusts (£16 million) and leases without tenant (£21 million).

The company commented that this loss was “exceptional and non-recurrent”, adding that property sales during this period have led to savings in running costs of £2 million annually. Revenue from sales stood at £17.6 million with a further £7.4 million from contract exchanges. NHS Property Services plans to achieve £43 million of savings by the end of the 2014/2015 period.

July 24, 2014 8:51 am

*/?>

Sign up to receive analysis on policy developments across our specialist sectors








Contact us

For more information about how Whitehouse can help you, please contact:

Isabella Sharp
t: +44 (0)20 7793 2536
m: +44 (0)7813 307490
isabella.sharp@whitehouseconsulting.co.uk

Viviana Spaghetti
t: +44 (0)20 7463 0668
m: +44 (0)7583 051119
viviana.spaghetti@whitehouseconsulting.co.uk

For media enquiries, please contact:
Mayar Raouf

t: +44 (0)20 7463 0698
m: +44 (0)7502 327092
mayar.raouf@whitehouseconsulting.co.uk

For general enquiries, please contact:
info@whitehouseconsulting.co.uk
t: +44 (0)20 7463 0690

Sign up for the latest news

  • * Denotes required fields
  • This field is for validation purposes and should be left unchanged.