Tracscare posts loss after G Square deal

In its first set of results since being acquired by G Square Capital from Sovereign Capital, Tracscare Holdco Limited reported turnover of £24.6m for the 10 months ended 31 March 2015. Cost of sales stood at £15m, with administrative expenses of £3.6m, exceptional administrative expenses of £2.7m, depreciation of 0.6m, and amortisation of £4m, the specialist care provider reported an operating loss of £1.2m. After interest payments of £7m, Tracscare reported a pre-tax loss of £8.2m.