Richmond on the up

Richmond Care Villages Holdings Ltd reported increased profits for the year ending 31 December 2012 following losses in 2011. The company was acquired by Bupa in August this year (CCMn August/September 2013). Group turnover grew to £31.3m (2011: £29.3m) while cost of sales decreased from £23.3m to £21.8m. Administration costs were fairly stable, at increasing…