Satisfactory trading for former local authority operator Optalis

In its first ten months of trading, Optalis Limted, the local authority trading company set up by Wokingham Borough Council, has reported revenues of £7.9m and an operating loss of £121,000. The company, set up as part of Wokingham’s strategic drive to become a commissioning-led organisation and protect its adult social care services becoming outmoded, expensive and under-used, made a pre-tax loss of £166,000. The directors described the company’s financial position at the end of the report period as satisfactory and say it reflects the costs incurred to start up the business.

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