Acorn Care posts losses for a second year

Children’s care and education provider Acorn Care 1 reported significant losses for the year ending 31 August 2012. Despite increasing turnover from £76.3m to £110.6m, the business saw its operating losses soar from £10.7m in 2011 to £15.7m last year. And, after net interest expenses of £27.2 million, the company posted a whopping loss before…