Falling revenue at Mears Group’s care division

Care revenue at Mears Group fell by 12% to £134.1m (2016: £152.6m) in the year to 31 December 2017, resulting from the restructuring of its care contract portfolio which involved the closure of branches. The care division delivered an operating profit for the year of £500,000 (2016: loss £1.2m), representing an operating margin of 0.4%. The…

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