Solid results for on-the-market Meridian

Currently up for sale, the year ended 31 March 2014 was a steady one for Meridian Healthcare (Holdings) Limited. Revenues roses marginally from £32.5m to £33m. Cost of sales of £15.5m (2013: £15.1m) and administrative expenses of £10.5m (2013: £9.8m) increased proportionately with the rise in turnover leaving an operating profit of £7m (2013: £7.6m). After interest charges of £928,000 (2013: £1m) were applied, a pre- tax profit of £6m was made (2013: £6.8m) on its estate of 30 care homes.