The companies supplying accommodation for asylum seekers are on track for another year of huge profits.
The three main providers which have agreements with the Home Office have made a total of £383million since contracts began in 2019.
They include Clearsprings Ready Homes, Serco and Mears.
According to a report on the Home Office’s management of asylum accommodation, Clearsprings estimate the value of their 10-year contract for the south of England has increased tenfold since 2019 to £7billion.
The firm was responsible for housing more than 40,000 asylum seekers as of December 2024, as stated in a report by the National Audit Office published earlier this year.
Clearsprings has not published its accounts since January last year, when it recorded a profit of more than £91million.
Between 2019-2020, the Home Office spent £739million on asylum support.
This increased substantially in 2024-2025, when it spent £4billion, of which £2.1billion was spent on hotels.
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