Med-Tel profits eaten by debt in 2011

Med-Tel, the diagnostic imaging services provider saw a fall in turnover and subsequent loss for the year ended 31 December 2011. Revenue was £3.9m (2010: £4.5m) and while cost of sales rose to £924,000 (2010: £899,000) they were dwarfed by administrative expenses of £4.7m (2010: £5m) which left a loss before tax of £387,000, still…