Cost pressures dampen margins at Excelcare

Pressure on pay rates and the need to attract and retain staff led to rising employment costs at Excelcare, dampening gross profit margins. Excelcare (Cambridge) Ltd, which operates 18 care homes and a domiciliary care agency across London, Cambridge and Milton Keynes, posted a 5.7% rise in revenue to £54.2m in the year ended 31…