‘Stabilising’ conditions serve Servoca well

Homecare provider Servoca reported revenues of £49m for the year ended 30 September 2014, an increase of 13.7% on the previous year’s £43m. After cost of sales of £34.8m (2013: £30.8m) and administrative expenses of £12.6m (2013: £11.5m) were deducted, an operating profit of £1.6m was recorded (2013: £745,000).Subtracting finance costs of £80,000 (2013: £73,000), Servoca made a pre-tax profit of £1.6m (2013: £672,000).