Healthcare firm in £6m profit
The Herald|January 07, 2025
PLYMOUTH healthcare provider Livewell Southwest CIC has bounced back into profit after the Government refunded £5m it had to pay nurses. The company, which employs almost 2,800 people, has recorded a pre-tax surplus of
WILLIAM TELFORD
Healthcare firm in £6m profit

The company, which employs almost 2,800 people, has recorded a pre-tax surplus of £6.48m after making a pre-tax loss of £5.24m the previous year.

It made a huge loss last year after having to pay staff bonuses following the nurses' strike in 2023. But following the Agenda for Change pay deal between the Government and the NHS Staff Council, the huge staff bonuses Livewell had to pay have now been refunded by the Government.

Livewell's newly published annual report and consolidated financial statements for the year to the end of March 2024 said it received £5m and stressed that it had made the payments to staff when it wasn't sure it was going to get the money back.

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