UK Asylum Housing Firm Clearsprings Posts Annual Accounts: Turnover Near £1.2 Billion, After-Tax Profit £37.7 Million
Newly published annual accounts for Clearsprings Ready Homes, based in Essex, England, show turnover of almost £1.2 billion in the 12 months to the end of January 2026, equivalent to about £3.26 million per day. That figure is revenue, not profit. Profit after tax for the same period was £37.7 million, down from £44.145 million the year before; the company held assets of about £89 million and housed 29,995 service users, down from 39,919.
Clearsprings is one of three Home Office contractors providing asylum accommodation, alongside Mears and Serco. Together they house 89,089 asylum seekers and failed asylum seekers at taxpayer expense.
The company's founder, 59-year-old Graham King, has been dubbed the 'Asylum King' in the British press; the Sunday Times Rich List puts his fortune at about £1.015 billion.
After the accounts were published, Shadow Home Secretary Chris Philp told The Sun that taxpayers shelling out more than £1 billion a year was 'a huge scam,' while William Yarwood of the TaxPayers' Alliance called the £37 million profit an 'absolute scandal.' The figures are expected to reignite Britain's debate over the cost of asylum accommodation.
Source: Clearsprings Ready Homes
Published by GSM · USA (original Chinese edition)
Photo: 英国内政部位于伦敦Marsham Street的总部大楼（资料图）。图：Steve Cadman，CC BY-SA 2.0，经维基共享资源 / The UK Home Office headquarters on Marsham Street, London (file photo). Photo by Steve Cadman, CC BY-SA 2.0, via Wikimedia Commons
