Garforth based LNT Group has reported an operating profit of £23 million for this year throughout the group’s five core companies.
Around 2,000 people are employed by the group, which is made up of Ginetta, LNT Solutions, LNT Software, LNT Construction and Ideal Carehomes.
The accounts have been published after the decision by LNT to refocus the care aspect of its business as both a developer and an operator.
A major reinvestment has been made in Ideal Carehomes with an above living wage increase for its staff, improvements to the built environment and a focus on offering active lifestyles in the home.
Furthermore, LNT took the chance to concentrate on its development and construction businesses. Reflecting the expansion of services in the care sector, LNT built on its turn-of-key offer to include assisted living facilities.
Demand kept growing from third party operators for new purpose built care facilities which allowed LNT to build a strong pipeline of sites and pre sold facilities.
The accounts state that LNT Construction and LNT Care Developments are on track to be on 13 sites by the end of the current financial year.
LNT Chief Executive, Matt Lowe, commented: “We are such a forward-looking company that we’re always thinking about the next innovation or expansion, so preparing the accounts is a great moment to reflect on the progress we’ve made.
“As ever, it’s been a fastmoving year with lots of changes within the businesses, typical of the entrepreneurial flair the company has inherited from its Founding Chairman, Lawrence Tomlinson.
“With the improvements we’ve been making in Ideal Carehomes, and the successful drive to ramp-up our construction activity, I am delighted by how much progress we’ve already made this year.“
The LNT results also reveal that race car manufacturer Ginetta saw an increase of 28.5% in turnover. Improvements to its car range means Ginetta now offers a full portfolio of GT and prototype race cars which has led to growing demand from international markets, in particular for the G57 sports prototype range.
LNT Chairman Lawrence Tomlinson has described this year’s figures as “brilliant”.