Carewatch continues to grow but losses increase

Homecare franchisor Carewatch Holdings reported revenues of £67.9m for the year ended 31 December 2015, a 7.8% increase on the previous year’s £63m. Acquisitions contributed £9.1m to the total turnover figure (2014: £0.8m) for the group which comprises 33 companies. Subtracting cost of sales of £43.4m (2014: £38.9m), administrative expenses of £33.7m (2014: £29.1m) and…