Policy

The company understands the very significant responsibility it holds regarding the provision of care to its customers.  Part of this is reflected in the way the business is managed to ensure that it will not undertake work which is uneconomic and will manage the business in a financially prudent and responsible manner.

Procedure

Financial responsibility affects many different aspects of running a business and The Care Worker Agency & We Care upholds these principles absolutely.  There are fundamentally three factors within the financial management of a business;

1. to run the business in a way that is economically viable and which generates at least sufficient surplus to cover its operational costs. 
2. establish a sufficient volume of business to enable the surplus to cover the operational overheads such as supervisors’ and administrators’ wages, office rent and costs and training liabilities
3. to manage overhead costs to reduce these to a realistic minimum
4. to manage cashflow to ensure that the business does not run out of operational funds
5. not to take on work which is likely to prejudice any of the above.

If these principles are followed, the business should flourish.  There are however some external factors which are outside the control of the company and which may affect its financial well being.  In the unlikely event that the company ceases to be viable, the director(s) will make every effort to cease their business in as ordered and non-disruptive manner as possible.  The options at this point will be either to cease to trade or to pass on the assets of the business to a third party and the director(s) will make every effort to put the needs of their customers at the forefront of any decision.

Reviewed April 2025 by Fay Townsend-Jackson