The profits of Graham King, a prominent figure in Britain’s migrant hotel industry, have experienced a remarkable surge, surpassing £60 million annually, and all of it funded by taxpayers. Previously known for his success in the caravan park and disco business, King’s earnings reached £25 million in 2021, primarily due to a Home Office agreement to accommodate asylum seekers in southern England and Wales. However, the significant increase in the number of individuals arriving via the English Channel resulted in his profits more than doubling in the previous year.
In the span of 12 months, the firm received a staggering amount of £1.3 billion, which equates to a daily payment of £3.5 million, for their services in accommodating and transporting arrivals. Meanwhile, Clearsprings Ready Homes has earned a total of £500 million in 2021. Despite the government’s assurance to address the issue of small-boat arrivals and the subsequent hotel expenses, the firm remains skeptical and anticipates a continuous flow of business in the foreseeable future.
Clearsprings, a company that specializes in providing accommodation solutions, has expressed its interest in expanding its involvement in large non-hotel accommodation sites. This includes ex-army camps, which can be repurposed to provide housing for various purposes. The company’s accounts indicate that it is actively seeking opportunities to expand its operations in this area.
This development comes at a time when the UK government has made changes to its accounting practices, which now include expenditure on housing migrants as part of the foreign aid budget. This has implications for companies like Clearsprings, which may be able to leverage this change to expand their operations and provide much-needed accommodation solutions.