Revenues flowing for By the Bridge

Independent fostering agency By the Bridge Holdings Limited reported a 9.7% increase in revenues for the year ended 30 June 2013 to £21.2m from £19.4m the previous year. Cost of sales rose to £12.1m (2012: £11.3m), as did administration expenses to £6.9m (2012: £6.6m). This left an operating profit of £2.2m (2012: £1.5m), which translated into a pre-tax profit of £1.5m (2012: £0.4m) once interest charges of £0.7m (2012: £1m) were accounted for.