Start-up Eden posts ‘satisfactory’ profits

Supported living provider Eden Care and Support Group Limited reported revenues of £18.6m for the 17 and a half month period between 18 June 2011 to 30 November 2012 (9months ended 17 June 2011: £9.5m). However, after £10.7m in cost of sales and £7.3m of administrative expenses, an operating profit of £639,000 was achieved (previous period £307,000). Interest payments of £2.6m, largely made up of interest and payments of loan notes, led to a pre-tax loss of £2m (previous period: loss £1.2m).