Homecare cuts hit Somerset Care

Turnover and profits shrank at Somerset Care for the year ended 31 March 2016. The care operator reported revenues of £72.7m compared to £80m the previous year, largely due to a reduction in its homecare business. Taking into account cost of sales of £61.3m (2015: £65.4m), administrative expenses of £8.5m (2015: £9.7m) and an exceptional…