Share

Nuffield Health turnover rises to £575m

Nuffield Health turnover rises to £575m
News

Nuffield Health turnover rises to £575m

Finance | Jonathan Last | 22 Jun 2012

The UK's biggest charity, Nuffield Health, has today published its annual report revealing its turnover has reached £575m, up 4 per cent on last year.

The group's EBITDA (earnings before interest, taxes, depreciation and amortization) before exceptionals increased to £72m in 2011 - a rise of 6.3 per cent.

The group reinvested £44m in its operations in 2011 – an increase of 25 per cent from its £35m reinvestment in 2010. In addition, surplus has increased in 2011 to £3.7m from £0.1m in 2010.

Nuffield's reinvestment programme

Nuffield Health's 2011 reinvestment includes £31m for improving and expanding the group’s hospitals. The largest sum was used to redevelop Guildford hospital, to the tune of £7m, whereas Leicester and Tunbridge Wells hospitals each received £4m refurbishments.

The sum of £1m was spent on each of three further hospitals: Leeds (for a new interventional and geographical suite); Brighton (a new chemotherapy suite); and Wessex (an MRI scanner). A further £1m was used to build new pathology laboratories at Guildford and Warwick hospitals.

Further funds went towards fitness and wellbeing services.

David Mobbs, group chief executive, said: “I am delighted by the achievements we made in improving and expanding services for consumers. This is evidenced by the awards and marks of excellence we received across the group last year.

“The strong results show that our strategy to reach out into a wider number of communities to offer fitness and wellbeing services to prevent long-term poor health is working well.”

Nuffield Health again topped the Charity 100 Index in our annual constituent review this year, with income over the past three years averaging £562.7m.  It is easily the UK's biggest charity by income, with second-placed Cancer Research UK posting three-year average income of £496m.

Comments

[Cancel] | Reply to:

Close »

Community Standards

The civilsociety.co.uk community and comments board is intended as a platform for informed and civilised debate.

We hope to encourage a broad range of views, however, there are standards that we expect commentators to uphold. We reserve the right to delete or amend any comments that do not adhere to these standards.

We welcome:

  • Robust but respectful debate
  • Strongly held opinions
  • Intelligent relevant discussion
  • The sharing of relevant experiences
  • New participants

We will not publish:

  • Rude, threatening, offensive, obscene or abusive language, or links to such material
  • Links to commercial organisations or spam postings. The comments board is not an advertising platform
  • The posting of contact details for yourself or others
  • Comments intended for malicious purpose or mindless abuse
  • Comments purporting to be from another person or organisation under false pretences
  • Gratuitous criticism, commentary or self-promotion
  • Any material which breaches copyright or privacy laws, or could be considered libellous
  • The use of the comments board for the pursuit or extension of personal disputes

Be aware:

  • Views expressed on the comments board are left at users’ discretion and are in no way views held or supported by Civil Society Media
  • Comments left by others may not be accurate, do not rely on them as fact
  • You may be misunderstood - sarcasm and humour can easily be taken out of context, try to be clear

Please:

  • Enjoy the opportunity to express your opinion and respect the right of others to express theirs
  • Confine your remarks to issues rather than personalities

Together we can keep our community a polite, respectful and intelligent platform for discussion.

Free eNews

Band Aid 30 raised £1m in first day

19 Nov 2014

Band Aid 30 became the fastest-selling single of 2014 when it was released yesterday, with 206,000 people...

Society lotteries deregulation could lead to less trust in charities, says NCVO

19 Nov 2014

Deregulation of society lotteries could impact public trust and confidence in charities, NCVO has told...

UK is joint-seventh overall in World Giving Index of 135 nations

18 Nov 2014

The UK and Ireland are the fourth most generous nations in terms of giving money to charity, the latest...

RNIB chief executive criticises ‘arrogance’ of MPs who think charities must learn from private sector

21 Nov 2014

Lesley-Anne Alexander, chief executive of RNIB, yesterday said she had a “struggle with the arrogance”...

Don't lecture us on impact when government has failed to measure its own, Wilson told

21 Nov 2014

The minister for civil society was criticised yesterday for telling charities to measure their impact...

Volunteer managers say they need a stronger representative body

21 Nov 2014

The volunteering sector needs a more powerful representative body, volunteer managers have said in response...

OSCR launches new website

20 Nov 2014

The Office of the Scottish Charity Regulator has launched a new website which includes a new search function.

Data from controversial Samaritans app to be deleted

17 Nov 2014

Samaritans has promised that all data collected by its Twitter monitoring app will be deleted and the...

Post Office enables Children in Need donations through Twitter

11 Nov 2014

The Post Office has become the first UK organisation to allow Twitter users to donate to charity through...

Join the discussion

 Twitter button

@CSFinance