# Clearsprings earns average £3.26m daily from asylum accommodation contract

- URL: https://talkfuse.com/story/britains-billionaire-migrant-hotel-king-sees-firm-rake-in-3-26m-per-day-putting-up-asylum-seekers/
- Published: 2026-11-11T16:11:13+00:00
- Updated: 2026-11-11T22:22:04+00:00
- Original publisher: Daily Mail (publisher lean: Right)
- Original article: https://www.dailymail.com/news/article-16283865/Britain-billionaire-migrant-hotel-king-firm-asylum-seekers.html?ns_mchannel=rss&ns_campaign=1490&ito=1490
- Topics: Business, Companies, Government, Politics, UK, World

## Key points

- Clearsprings reportedly earns £3.26 million a day from asylum accommodation.
- Its profits fell as the number it housed also declined.
- The company is one of three providers under a contract worth about £7 billion.

## Summary

Clearsprings Ready Homes is reported to receive an average of £3.26 million a day for housing asylum seekers, highlighting the scale of public spending on accommodation. The company, run by Graham King, is one of three providers contracted by the Government, and the article says its contract is thought to be worth about £7 billion.

The number of people in Clearsprings accommodation fell from 39,919 in 2025 to 29,995 this year, while profits were £37.7 million in 2026, down from £44.145 million the previous year. The article also reports 23,129 Channel crossings so far in 2026 and says Clearsprings offered a landlord £4,500 a month for a flat rented to a local council for £1,790.

## Coverage

- [Daily Mail: Clearsprings earns average £3.26m daily from asylum accommodation contract](https://www.dailymail.com/news/article-16283865/Britain-billionaire-migrant-hotel-king-firm-asylum-seekers.html?ns_mchannel=rss&ns_campaign=1490&ito=1490)
- [GB News: Billionaire dubbed 'asylum king' rakes in over £3million a day housing illegal migrants](https://www.gbnews.com/news/migrant-crisis-billionaire-asylum-king-rakes-in-3m-a-day-housing-illegal-migrants)

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Summarised by TalkFuse (https://talkfuse.com/). Quote the original publisher for the reporting and link this page for the summary and discussion.