Clearsprings Ready Homes has a 10-year contract to manage asylum seeker accommodation in England and Wales.
It showed an increase in its profits of more than sixfold last year, with its three directors sharing dividends of almost £28m.
Clearsprings boosted its profits from £4,419,841 to £28,012,487 to the year ending 31 January 2022, with dividends jumping from £7m to £27,987,262.
Asylum seekers in hotels receive just over £1 a day, £8.24 a week, to buy essentials.
Graham O’Neill, the policy manager at the Scottish Refugee Council, explained, "Much of this money ends up as bumper profits and dividends for private companies, directors and shareholders. By definition, this profit is not going where it should: into good social housing in communities, into local services so they may support refugees and local people. It is blindingly obvious that this is neither sustainable nor in the public interest."
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