Essex Life - - RICHEST 50 -

Care Homes 2018: £250m 2017: £200m (17th=)

A suc­cess­ful prop­erty de­vel­oper, Gor­don San­ders bought Hadleigh-based Runwood Homes for £60,000 in 1988. A decade later he sold the com­pany’s as­sets and moved into care homes, grow­ing a chain of 67 in Es­sex, the Midlands and North­ern Ire­land. The business has in­vested £22m in up­grad­ing its ac­com­mo­da­tion and now has 4,585 beds. The business saw its prof­its more than dou­ble in 2017 to £17m on a £130m turnover. It also showed £166.3m net as­sets. There were press re­ports late last year that the business was up for sale with a £350m price tag. We wait to see the out­come of the sale, but raise San­ders to £250m on the back of a strong year and a £7m div­i­dend.

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