The Practice has much work to do

The Practice, the primary care services provider, in its annual report and accounts for the year to 31 March 2013, reported a turnover of £33.7m (2012: £35.6m). Cost of sales of £24.3m (2012: £27.5m) and administrative expenses of £11.8m (2012: £12.9m plus £652,000 exceptional administrative expenses) left an operating loss of £2.3m (2012: £5.5m). With…