you invested in four seasons and yet you can't find your way through the company. no, it's not limited to the care home sector. there's plenty of aspects of government and regulation that you can't follow either. the way they're financed is, to a large extent, not very material to somebody going into a care home. that's easy to say, from a financier�*s point of view, but if i am putting a relative into a care home, i think i'm entitled to know where the money is going. to know how much of it is going to front line care. behind this complexity, there are clues as to where some of the money is going, and the trail leads to extraordinary levels of debt. each time four seasons changed hands, the new owners borrowed money to buy it. and some of that debt sits on four seasons�* books. by 2017, the group owed more than £1 billion.