Abbeyfield drop

Not-for-profit operator The Abbeyfield Society reported revenues of £43.1m for the year ended 31 March 2016, a 17.2% drop on the previous year’s £51m. Of this, £22.8m came from its care division, £14.1m from housing and £2.3m was due to its independent living division. Operating costs of £41.9m (2015: £42.7m) left the provider with an…