Castlecare hit hard by council cuts

Council cuts put a considerable dent in the turnover and profitability of Castlecare Group for the year ended 31 December 2011.The provider of accommodation and education for children and young people who require specialist care, experienced a 10% fall in turnover, reporting revenues of £19.7m (2010: £21.9m) which translates into an EBITDA of £3.2m, 26%…