Profit Track 100

Brothers Clinton and Spencer McCarthy built upmarket homes until they discovered that retirement homes had bigger profit margins. They switched to this sector in 2000 and now build high-density developments for the over-sixties on brownfield sites. The Hampshire company covers the area from Devon to Kent, and opened a Birmingham office last year. Its homes sold for an average of £187,000 in 2004, an increase of 30% since 2002. This has boosted profits, which rose 70% a year from £1.1m in 2000 to £5.3m in 2003.

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Company details
CompanyChurchill Retirement Living
Annual profit growth69.81%
Latest profits £000s5,309
Latest sales £000s17,154

If applicable:

* supplied by company † annualised figure