Profits down for Somerset Care

Somerset Care experienced a small drop in revenues from £80.8m to £80.1m for the year ended 31 March 2015. After subtracting cost of sales of £65.4m (2014: £66.7m) and administrative expenses of £9.8m (2014: £8.4m), the provider made an operating profit of £5m (2014: £5.8m). Taking into account £1.2m of interest charges on bank borrowing (2014: £1.3m) and £67,000 in pension liabilities (2014: £52,000), Somerset Care made a pre-tax profit of £3.9m (2014: £4.5m).

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