West Yorkshire's LNT Group reports £23m profit for 2016

LNT Group, based in Garforth, has reported a £23m operating profit across the group’s five core businesses.

The group, which employs around 2,000 people, is made up of Ideal Carehomes, LNT Construction, LNT Software, LNT Solutions and Ginetta.

These accounts have been published following LNT’s decision to refocus the care part of its businesses both as an operator and a developer.

Significant reinvestment has been made in Ideal Carehomes through an above living wage increase for staff, improvements to the built environment and focus on offering active lifestyles in the home.

LNT also took the opportunity to concentrate on its construction and development businesses. Reflecting the expansion of services in the care sector, LNT built on its turn-of-key offer to include assisted living facilities.

Demand continued to grow 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 report that LNT Construction and LNT Care Developments are on target to be on 13 sites by the end of the financial year.

Matt Lowe, LNT chief executive, said: “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 show that race car manufacturer Ginetta saw a 28.5% increase 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”.