Impairment costs hit Swanton’s profits

In the period before it was acquired by Apposite Capital, Swanton Care & Community reported revenues of £24.8m for the year ended 31 December 2016, a 4.5% increase on the previous year’s £23.8m. Cost of services stood at £18.6m (2015: £15.5m), while administrative expenses (including exceptional items of £344,000) were £2.1m (£3.5m). However, a £5.6m…