It is calling on Josh MacAlister, chair of the Independent Review of Children’s Social Care in England, to consider the issue as it publishes new research showing that the six largest independent providers of placements made £219 million in profit last year.
The figure comes amid concerns raised by both Ofsted and the children’s commissioner for England over insufficiency of suitable placements for children in care, particularly for older children and those with more complex or challenging needs.
The LGA report shows that some independent providers of children’s residential and fostering placements are making profits of more than 20 per cent on their income, while four of the seven largest groups of independent providers had more debts and liabilities than tangible assets.
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