‘Challenging’ first year for Embrace

In its first full year of trading Embrace Group (formerly European Care) reported revenues of £112,433 for the year ended 30 June 2015. After cost of sales of £81.7m and administrative expenses of £25.7m, including an impairment charge of £7.3m, the care home provider made an operating profit of £5.1m. Deducting a £1.7m loss on…