Social care services provider CareTech said that occupancy levels were maintained at 92% in the year ended 30 September, as trading was in line with expectations.

Capacity during the 12-month period increased by 247 places to 2,056.

The group said that the market over the past year has been characterised by "complex political and social conditions", which have resulted in the realignment for social care. While creating both opportunities and challenges for providers, CareTech has reassured that it will fare well in the changing environment.

"In the opinion of the board, continuing investment in organic growth initiatives will position the Company well in the medium and longer term," the statement said.

"We are pleased that trading in the second half of the financial year is in line with directors expectations and that the directors continue to realise opportunities for growth in this evolving social care market," said executive chairman Farouq Sheikh.

BC

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