Parliamentary Search

Written question asked by Lisa Smart (Liberal Democrat) on Wednesday, 23 April 2025, in the House of Commons. It was due for an answer on Friday, 25 April 2025. It was answered by Karin Smyth (Labour) on Wednesday, 30 April 2025 on behalf of the Department of Health and Social Care.

NHS Professionals

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.

Answer

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

Secondary information

Type
Written question
Reference
47385
Session
2024-26
Subjects
Profits NHS Professionals
Contains statistics
Yes
Link
View this Written question on www.parliament.uk