Sharp drop in turnover at Balhousie

Balhousie Holdings Limited reported a 21.5% drop in revenues from £37.6m to £29.5m for the year ended 30 September 2014. After deducting cost of sales of £19.4m (2013: £23m) and administrative expenses of £8.7m (2013: £9.3m), the care home operator made an operating profit of £1.4m (2013: £5.2m). Interest charges of £2.7m (2013: £4.7m) led…