Prison firm made £11m in year Ofsted raised alarm about safety at youth jail

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.