Welcome to our quarterly insight into elderly care home trading performance trends and market conditions across Great Britain, analysing the newest data from Carterwood Analytics | Collab.
Key findings from Q1 2023 Collab data
Collab is powered by accurate trading data, from real sector operators, including many of the top 20 operators in Great Britain.
Q1 2023 data for Great Britain from our contributing operators reveals:
- Occupancy across the sector continues to recover steadily, reaching 86.7% in Q1 2023, just 0.6% shy of the pre-pandemic average of 87.3%
- Average weekly fee, which includes all funding sources, ticked up again slightly in Q1 2023, reaching £1,060 p/w in the final quarter of the financial year
- Agency staff costs drop significantly for the first time since their rapid increase in the second half of 2021
To use, simply hover each graphic to show the datapoints, and toggle to full screen mode to get a closer look (top right button).
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Read our previous Trading performance pulse releases for a closer look into the trends of 2021 and 2022.
Please note: The displayed Collab Index is updated quarterly and the commentary is accurate as of the June 2023 update, which encompasses Q1 2023 data.