News on 22 March 2001
Student and NHS worker accommodation services provider
UNITE Group, has announced a 170% increase in turnover to £30m
(£11.1m) and a 260% rise in pre tax profits to £3m (£0.8m).
In the previous year, the company doubled its bed spaces to 10,450 (4,000)
and launched an on-line accommodation service through bunk.com. In April,
UNITE also moved from AIM to the Official List of the London Stock Exchange,
raising £38.5m of new equity.
Commenting on the results, chairman Geoffrey Maddrell, said: “2000
has been a ground breaking year for UNITE. The Group’s position
as the UK’s leading specialist provider of student and NHS key
worker accommodation has been considerably strengthened during the course
of the year. 2000 ended with UNITE in charge of a significant pipeline
of future projects. The Company is committed to a clear strategy and
the outlook is positive across all streams of activity.
