Firm managing hotels for UK asylum seekers posts bumper profits

Three directors of Clearsprings Ready Homes share dividends of almost £28m, as profits rise sixfold

A company contracted by the UK Home Office to manage hotels and other accommodation for asylum seekers increased its profits more than sixfold last year, with its three directors sharing dividends of almost £28m.

Clearsprings Ready Homes has a 10-year contract to manage asylum seeker accommodation in England and Wales, a mix of hotel accommodation that the Home Office says is costing it more than £5m a day, and shared housing.

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​Three directors of Clearsprings Ready Homes share dividends of almost £28m, as profits rise sixfoldA company contracted by the UK Home Office to manage hotels and other accommodation for asylum seekers increased its profits more than sixfold last year, with its three directors sharing dividends of almost £28m.Clearsprings Ready Homes has a 10-year contract to manage asylum seeker accommodation in England and Wales, a mix of hotel accommodation that the Home Office says is costing it more than £5m a day, and shared housing. Continue reading…