Ashbourne improves performance

Ashbourne Limited has reported improved figures for the year to 31 March 2003 just prior to its management buy-in backed by Electra Partners Europe in April 2003. The care home operator reduced its pre-tax losses to £3m (2002: £9m) while turnover was sustained at £114.2m (2002: £114.8m).The results show that under the old management team…