Caretech Holdings PLC Appoints John Ivers as Chief Operating Officer; Reports Net Debt for the Half Year Ended March 31, 2015
The company reported net debt results for the half year ended March 31, 2015. The Board confirmed that trading for the half year is in line with expectations. This performance has been underpinned by the strategic initiatives undertaken over recent years which have delivered a stronger year on year performance on all of the key financial metrics. Net debt reduced to £147.2 million at 31 March 2015 from £166.1 million at 30 September 2014 as a result of the receipt of the gross placing proceeds of £21 million, less costs, plus favourable trading cash flow, offset by an increase in leasing on new fleet vehicles.