NHS Professionals
The question
To ask the Secretary of State for Health and Social Care, what the annual profits of NHS Professionals Ltd were in each of the last five years; and whether those profits were (a) reinvested into NHS service provision and (b) returned to his Department.
Answered by Karin Smyth
NHS Professionals Ltd (NHSP), a limited company wholly owned by the Department, is a supplier of clinical and non-clinical temporary workforce to client National Health Service trusts.
The following table shows NHSP profit before tax and dividends paid to the Department over the last five years:
| Year Ended 31/3/24 £million | Year Ended 31/3/23 £million | Year Ended 31/3/22 £million | Year Ended 31/3/21 £million | Year Ended 31/3/20 £million |
Profit before Tax | 3.7 | 8.5 | 16.8 | 18.9 | 11 |
Dividends paid | nil | 10 | 18 | nil | 10 |
Dividends received from NHSP are not ringfenced for specific purposes, but they are directly invested back into the wider healthcare economy by the Department. Where dividends are not taken, any profits generated are retained within the business and reinvested to support the delivery of its strategy.
Full details of profits, dividend payments and declarations are shown in NHSP’s statutory accounts which are available at the following link:
https://find-and-update.company-information.service.gov.uk/company/06704614
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