Bournemouth MP meets McCarthy & Stone’s new Chief Executive

27 November 2012

Bournemouth MP Conor Burns today met with the new Chief Executive of one of the area’s largest employers.  Mr Burns met Mark Elliott, who was appointed to the top job at McCarthy & Stone earlier this month, to hear about the company’s vision and growth plans.

McCarthy & Stone, which employs over 1,000 people across the UK and has its head office in Bournemouth, is the country’s largest provider of retirement accommodation and specialises in homes and care for later life. Conor has been supportive of the company’s work since being elected in May 2010, helping launch its research into the housing implications of an aging population in 2011 in Parliament and formally opened Sanderling Court in Bournemouth in April this year.

“Our rapidly ageing population means we must think differently about the type of homes we need in the future” said the Bournemouth West MP.  “There is a shortage of all types of housing in Dorset but we have a population that is older than most so it is essential we plan properly for them.  McCarthy & Stone are doing some fascinating work developing new types of retirement housing and launching new services designed specifically for older people.  I wish Mark Elliott all the best for the future and it’s pleasing to see a Bournemouth-based company leading this debate.”

Mark Elliott became Chief Executive at McCarthy & Stone at the start of November.  Mark was previously Chief Executive Officer at Wembley plc and Arena Leisure Plc, two companies with both extensive property assets and focus on the consumer. 

Mark said:“It was great to meet our local MP and to inform him about our exciting plans for the future.  I’ve been in post for just a couple of weeks but already it seems we have a good story to tell.  We’re pleased to have the support of Conor and we look forward to working with him in 2013 which looks like being another great year for the company.”

 

McCarthy & Stone is well-set for 2013 and has seen a return to year-on-year profit following the global property crash.  In the year to 31st August 2012, the company reported a profit (before interest, tax and depreciation) of £40 million, rising 10% on the previous year, and launched a range of new financial products.  In the next five years, McCarthy & Stone is set to invest £1.5 billion in older peoples’ housing across the UK. 

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For further press information:

Gemma Hitchcock
Haslimann Taylor PR
0121 355 3446

gemma@htpr.com