Millbrook Healthcare, which runs wheelchair and community equipment services on behalf of local authorities nationwide, grew by 30% in its last financial year due to a trio of key contract wins worth £22m annually.
The group increased its revenues to more than £114m in the year ended 30 June 2018 and grew its headcount by more than 30% to support its contract wins and services, according to its annual report filed this week.
Managing director, Phillip Campling, told AMP that Millbrook’s latest financial year was one of “substantial growth due to winning a number of key new contracts across each of [its] core services”.
Millbrook’s services include community equipment provision, integrated wheelchair services and home improvement agencies.
Mr Campling said: “Our broad portfolio of services now sets us apart from other providers, uniquely enabling the integration of multiple services along the care pathway, through a single provider.”
Meanwhile, Millbrook’s operating profits decreased just over 40% to £1.2m, which bosses put down to heavy investment in setting up the new contracts it won during the period.
The company invested £2.5m in 2017/2018 in improving its contracts, staff, IT systems, consolidating and building a “solid platform” for its next phase of growth.
Mr Campling said: “A large proportion of our investment went into delivering first class facilities in our new contract areas, which are widely regarded as setting the benchmark in each sector.
“We continue to invest in our facilities, IT and staff, ensuring that we are able to provide the best possible service to our customers, clients and users.”
He added: “We anticipate that 2018/2019 will be another year of positive growth, both in terms of contract wins, but also in the development and launch of new services, enabling our customers to achieve even greater integration.”
Towards the end of the last calendar year, Millbrook Healthcare acquired specialist seating manufacturer, Consolor.
The partnership is with Millbrook’s Seating Division and is designed to bring together the two companies’ expertise, resources and capacity to create “the UK’s leading specialist seating provider”.