March 20, 2019

Archives for June 2018

McCarthy and Stone and Churchill: are you blackmailing government over the ground rent ban and is your business model broken? Asks BBC R4 MoneyBox

Brilliant interview with outgoing McCarthy and Stone CEO Clive Fenton ‘Problem’ that retirement housebuilders have not been spoonfed profits, like others through Help To Buy Anyway, aren’t retirement housebuilders insignificant given the numbers of pensioners who are downsizing today, asks BBC? Radio 4’s MoneyBox quizzed retirement housebuilders McCarthy and Stone and Churchill Retirement Living on […]

Clive Fenton to stand down as CEO of McCarthy and Stone after profits slump

Is the ground rent ban responsible? Sebastian O’Kelly I guess when you stand down as boss of a publicly quoted retirement housing company that has seen profits fall from £110 million to £65-£80 the headline-writing punsters are not going to miss a trick. So, Clive Fenton, 60, McCarthy and Stone’s CEO, is being “pensioned off” […]

Anti-ground rent trade body ARCO snubbed at retirement housing conference … (along with us, less surprisingly)

The anti-ground rent trade body ARCO has been snubbed and left uninvited by retirement housing insiders at a City law firm conference next Wednesday to discuss whether a Retirement Housing Act is needed. The Association of Retirement Community Operators, whose members build and manage their retirement housing and care sites for the long term, has […]

Points to consider when buying a new retirement flat …

By Michael Epstein There can be no doubt that the new build and post 2010(non Firstport managed) McCarthy & Stone developments offer very good facilities are well managed and can offer residents a good quality of life. Increasingly extra services are being offered designated as “Assisted Living” No one can expect these services to come […]

LKP helps raise £14,682 for park home champion Sonia McColl OBE

Dear LKP and all the wonderful people who have helped me, Your amazing gestures of kindness have raised £14.682 pounds and I can not adequately say how grateful I am to you all. However, I hope you will all know how much it helps when a vital part of your life is stolen and you […]

Anchor and Hanover in talks to merge

Two housing associations which also build and sell private leasehold retirement properties are planning to merge. It is claimed that the proposed merger would make both organisations more efficient and allow economies of scale in employing contractors. A leaflet sent to residents of the associations says of the merger: “A new bigger organisation would be […]

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