Tough times force McCarthy & Stone to ramp up part exchange deals

By Hamish Champ2019-11-08T11:40:00

Operating margins taking hit, retirement specialist admits

McCarthy & Stone plans to increase its part-exchange activity and development of rented accommodation to counterbalance tough market conditions.

In a trading update ahead of releasing its annual numbers early next year, the retirement homes builder said the impact of “challenging” times would be felt in its operating margin, which would be hit by what it called “an ongoing need for increased levels of part-exchange”, as well as a lower mix of sales from the south east.

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