Turnover drops at Abbeyfield

The Abbeyfield Society reported a drop in turnover from £49.4m to £44.1m for the year ended 30 March 2014. Operating costs increased to £45.8m (2013: £44m), while operating surpluses fell from £4,990 to a deficit of £1,765.A net loss of £856,000 was recorded in comparison to last year’s surplus of £8.1m. According to the directors,…