Turnover for specialist care operator Eden Care & Support Limited remained static at £13.8m for the year ended 31 March 2017 (2016: restated £13.9m). This lack of growth was reflected in the cost of sales of £8.6m (2016: £8.7m) but administrative expenses fell to £3.8m (2016: £4.7m).

The previous year had seen a £0.8m loss on the sale of freehold properties and exceptional administrative expenses of £0.7m arising from recruitment, staffing changes and training costs, whereas this report period these costs were nil, leaving Eden with an operating profit of £1.4m compared with a £0.9m loss the previous year.

Interest charges of £3m (2016: £2.6m), largely arising from interest and costs on loan notes of £2m (2016: £1.7m) led to a pre-tax loss of £1.3m, an improvement on the £3.3m loss reported the previous year.

The directors said that the accounts showed an operating profit before exceptional items of £1.4m (2016: £0.6m). They added: ‘At 31 March 2017, the company had tangible fixed assets, intangible fixed assets and investments of £11.9m (2016: £14.5m). The directors consider the results to be satisfactory.

‘The external environment is expected to remain competitive going forward. However, the directors remain confident that the group will improve its current level of performance in the future and will continue to trade as a going concern.’