Turnover up for Excelcare

Turnover at Excelcare Holdings rose from £16.8m to £18.4m for the year ended 31 March 2014. Cost of sales remained steady at £10.7m (2013: £10.1m), as did administrative expenses of £6.7m (2013: £6.2m), leaving an operating profit of £871,000 (2013: £340,000). Including interest and other similar income, the care home operator made a pre-tax profit of £877,000 (2013: £348,000).