Private children’s home bosses in England criticised over huge profits

Children’s home providers in England should not be able to profit from caring for society’s most vulnerable children, the new head of the Association of Directors of Children’s Services (ADCS) has said.

Steve Crocker criticised private providers driving around in sports cars and buying racehorses with their profits after “getting rich off taxpayers’ money”.

Profit margins for the 15 largest private children’s home operators average 22.6%, according to the Competition and Markets Authority.

Read the full article in the Guardian here.