Exclusive: MTC profits soared before early termination of £50m contract to run Rainsbrook facility near Rugby
A private prison company that ran an “inadequate” youth jail made £11m in the same year inspectors raised serious safety concerns about the welfare of children, some of whom were locked up alone for more than 23 hours a day.
Soaring profits, described as “tragic” by Labour, were disclosed in accounts filed by the US-owned Management & Training Corporation (MTC), which was awarded a £50m contract from the Ministry of Justice in 2016 to run the Rainsbrook secure training centre in Warwickshire.
