ECL moves further into the red

Local authority trading company (LATC) Essex Cares, which operates under the ECL brand, moved further into the red in the year ended 31 March 2016. Turnover fell by 4.3% from £42.3m to £40.5m and cost of sales stood at £11.9m (2015: £13.6m), leaving the operator with a gross profits of £28.5m (2015: £28.7m). After taking…

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