With over 900 franchise brands registered across the UK, Caremark – a leading home care provider, is thrilled to announce its latest achievement as one of the leading franchise opportunities in the country. Amid fierce competition spanning various industries, Caremark has secured a prominent position among the top 10 by claiming the 8th spot in the highly regarded Elite Franchise Top 100 (EF100) rankings – a title it will proudly hold throughout 2024.
Since its inception in 2017, the EF100, in association with HSBC UK, has evolved into a cornerstone of the annual calendar in the UK’s franchising arena. It meticulously assesses franchisors across a myriad of criteria – spanning the scale and velocity of their growth to their vital contributions in empowering franchisees and enhancing the well-being of the communities they serve.
Initiatives such as these are critical to the overall evolution and development of franchising, as franchisors work hard to continually improve and achieve a spot in the much sought-after league table. Now in its seventh year, the competition continues to grow fiercer – with the esteemed panel of judges consistently setting high standards.
“When assessing candidates, we take a comprehensive approach – considering factors such as their revenue, expansion metrics, and the quality of their training and support systems for franchisees. In this year's judging, we also factored in how well brands have weathered the challenges posed by the ongoing financial crisis. Achieving a top-10 position on this list is a clear testament to the extraordinary achievements of the brands that consistently set the gold standard for franchise management,” said Anita Roberts, Franchise Director at HSBC UK.
Despite a challenging and constantly evolving economic environment, the past year has witnessed franchises such as Caremark endure and flourish, thanks to its resilient operational framework and proven business models.
David Glover, Joint CEO of Caremark, said:
"We are thrilled to have secured our position in the top 10 and to be leading the way as one of the top franchise brands in our sector. Climbing from 18th to 8th place since last year and now standing proudly as one of only two home care providers to reach the top 10, is testament to the dedication and hard work of our incredible team and franchise owners.
“This achievement is particularly significant as it comes at the end of a challenging period where we have faced numerous obstacles, from Brexit and Covid-19 to the current cost of living crisis. Against all odds, we have weathered the storm and emerged stronger than ever. Our unwavering commitment to supporting our network of Franchise Owners has been a cornerstone of our success. We prioritise culture, relationships, leadership, and support, earning approval ratings that surpass industry averages. Our franchise owners trust us, feel valued, and know they are part of something truly exceptional.
“While the intangibles are crucial, our numbers speak volumes. We are reaching new heights in terms of the amount of customers we serve, the Care Assistants we employ, and our turnover figures. 2023 has proven to be our most successful year to date, with record-breaking quarters in Q1, Q2 and Q3. This upward trend is not just a momentary spike – we fully anticipate it to continue as we move forward.
“As we expand into new territories, both geographically and technologically, we eagerly embrace the future. Our excitement about the journey ahead is fuelled by the confidence in our achievements, the strength of our relationships, and the promising numbers that reflect our growth. Caremark is not just a franchise; it's a thriving community built on trust, commitment, and a shared vision for a brighter and more compassionate future. We certainly believe it is a brand worth investing in."
The Caremark team takes pride in delivering not just excellent home care service to its valued customers but also in being recognised as an outstanding opportunity for ambitious entrepreneurs.
For more information about Caremark and how you can become part of its outstanding franchise network ⇓⇓.
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