42 RABINDER RAI & FAM­ILY

Essex Life - - RICHEST 50 -

Care Homes 2018: £72m 2017: £75m (44th=)

RCH Care Homes spe­cialise in de­men­tia-friendly care. The Il­ford­based op­er­a­tion was founded in 1988 by Rabinder Rai and it op­er­ates 10 care homes across Bed­ford­shire, Cam­bridgeshire, Es­sex and Kent. In 2016-17 its par­ent com­pany, Ranc Hold­ings, went into a £698,000 loss on £23.7m turnover. But the business still has £66m net as­sets and we value it on that fig­ure. Rai and his fam­ily took a £10.6m div­i­dend in 2015-16. With other as­sets and past div­i­dends the Rai fam­ily should be worth £72m after tax.

Newspapers in English

Newspapers from UK

© PressReader. All rights reserved.