Revenues fall at B&M

Care home operator B & M Care Group Ltd reported a 6.6% drop in revenues from £33.7m to £31.5m for the year ended 30 September 2013. Cost of sales fell to £15.9m (2012: £19m) but administrative expenses rose to £7.2m (2012: £6.2m), leaving an operating profit of £8.5m (2012: £8.6m). Following bank and loan interest charges of £106,000 (2012: £83,400), the operator made a pre-tax profit of £8.4m (2012: £8.5m).