Prime Life remains steady

Prime Life Limited achieved a turnover of £45.1m on its estate of 60 care homes for the year ended 31 March 2014, a marginal increase on the previous year’s £44m. An increase in cost of sales from £31.7m to £35.2m (after administrative expenses of £2.1m were deducted (2013: £2.3m)), hit operating profits, which fell from £10m to £7.8m.