Maintaining financial
sustainability
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If we don't generate sufficient net income,
we may be unable to operate.++There is a
particular risk as to whether National
Living Wage should be applied
retrospectively to historic sleep-ins.
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We have effective budgeting and
forecasting processes and have
borrowing facilities in place.We
have addressed all historical
sleep-ins to ensure compliance
with the minimum wage. The
potential liability for any future
underpayment will be determined
by the outcome of the Court of
Appeal.
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