NHS Property Services set up to fail

NHS Property Services set up to fail NHS Property Services Limited has made progress in tackling some of the issues that it inherited when it was set up. However, it has struggled to get its tenants to sign rental agreements for the properties they occupy, and it is unacceptable that 70% of its tenants still do not have rental agreements in place. Without these agreements, it is very difficult to run an effective property management company and provide value for the NHS and taxpayers from the £3.8 billion estate that it was set up to manage. The lack of rental agreements has led to many bills being disputed, outstanding debt has almost tripled, to £576 million in March 2019, and £110 million of debt has been written off in the last five years. Public Accounts Select Committee

See also:

• NHS company that owns 18% of GP premises 'set up to fail', MPs warn GPonline
• NHS Property Services was 'set up to fail', says public accounts report Pulse