In this debut episode, Paul Redmond sits down with Dan Daly—who heads up Supported Living Financials at RDA Accountants UK—to tackle the issue that's dominating conversations across the industry: the 2.4% problem and margin pressure.

What We Cover in This Episode:

·        What is the 2.4% problem?

·        The real maths behind margin pressure

·        A practical example

·        Why data cleanliness matters

·        The translation gap

·        How to tackle the problem

·        The human side of the numbers

Key Takeaways:

·        The 2.4% problem is conceptual—it could be 3%, 5%, or more depending on your business and the current environment

·        Visibility is everything: you can't fix what you can't see

·        Proactive negotiation with local authorities is essential—don't just accept the uplift you're given

·        Understanding the nuance of supported living finance is not the same as standard accounting

·        The margin is tight, and getting tighter—but with the right financial insight, operators can protect both their business and the quality of care they provide

Whether you're a supported living provider, an investor, or simply want to understand the financial realities of the UK care sector, this episode is your starting point.

Find Supported Living Financials here:

https://www.supportedlivingfinancials.co.uk/

Contact RDA Accountants Ireland             https://www.rda.ie/contact

Contact RDA Accountants UK                     https://rdaaccountants.co.uk/contact

Contact Paul here:

LinkedIn                                              https://www.linkedin.com/in/paul-redmond-rda/

Email                                                   predmond@rda.ie

Find Dan here:

LinkedIn                                              https://www.linkedin.com/in/danieldalyrda/

Email                                                    ddaly@rdaaccountants.co.uk

Listen to more episodes here:

https://www.youtube.com/playlist?list=PLLDSdVMrbyxg

Find Supported Living Financials here:

YouTube:            https://www.youtube.com/@SupportedLivingFinancials

Apple:                  https://podcasts.apple.com/us/podcast/supported-living-financials/id6813851525

Spotify:               https://open.spotify.com/show/2pTW2aJSj4fFFSahof8KNO

Web:                    https://redcircle.com/shows/supported-living-financials

Hosted by Paul Redmond and Dan Daly of RDA Accountants UK, this series cuts through the jargon to deliver practical financial insights tailored specifically to the Supported Living industry. From understanding VAT regulations and maximizing housing benefit claims to strategic growth planning and navigating CQC financial viability checks, Paul and Dan bring their expert accounting perspective to the table.