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

Almost £20m raised through JustGiving for London Marathon

27 Apr 2015

Runners in yesterday's London Marathon have so far raised nearly £20m through JustGiving, the fundraising...

DEC launches appeal and government gives £5m to Nepal earthquake relief

27 Apr 2015

The government will give £2m to the British Red Cross and make another £3m available for charities and...

Philanthropist donates himself off the list of Britain's wealthiest people

27 Apr 2015

Richard Ross, chair of the Rosetrees Trust, donated 23 per cent of his wealth to charity in 2015, reducing...

CSV changes name to Volunteering Matters

27 Apr 2015

Community Service Volunteers has changed its name to Volunteering Matters and is placing more emphasis...

Macmillan and Marie Curie among charity coalition warning about 1.4m hospital deaths

27 Apr 2015

Seven of the UK's largest health charities have called for the next government to provide funding for...

National Union of Students protest billboards removed by Network Rail for being 'too political'

24 Apr 2015

Advertising billboards set up by the National Union of Students in London Victoria, Sheffield Central...

Charities 'need a complete culture change' for digital transformation, says report

24 Apr 2015

Digital teams need to develop better relationships with colleagues in IT and elsewhere in the organisation...

Comic Relief launches grants programme for digital projects

24 Apr 2015

Comic Relief has launched Tech for Good, a new grants programme to help charities run digital projects...

A third of Britons donate to charity by text message, reveals survey

23 Apr 2015

Over 30 per cent of Britons donate to charity by text message and 61 per cent now donate through online...

Join the discussion

 Twitter button

@CSFinance