Source - SMW
Positive Healthcare posts a consolidated loss before interest, tax, depreciation and amortisation of £50,701 from its incorporation on 2 November to the end of June.

The  loss after exceptional  items  and taxation  was £252,766  on  consolidated  revenue of £1,140,993. The  exceptional  items  comprise  costs associated with the bond issue of £154,300.

A statement by chairman Gary Ashworth and chief executive Christopher Paul Ledbury said: "The  first half of 2016 has been an exciting time of change and growth for Positive Healthcare. The acquisition of  the majority stake of CCS and Fine Locums in June has given the Group an enlarged platform for growth.  

"The increasing  number of people living in the UK, combined with an ageing population, contribute to an  insatiable appetite for free healthcare and as a result the NHS struggles to keep pace which leads to a growing demand for a flexible workforce plus a growing over-run into the private sector creating opportunities there too.

"The  acquisitions coupled with our existing business gives a 3 times Bond cover on a normalised basis excluding fundraising fees.

"The  company  has invested in more fee earners, an updated CRM system and stronger marketing to attract  nurses and  doctors  and  service  the new framework awards that have been won during the reporting  period.  

"We  look forward to further organic growth and continue to evaluate strategic acquisitions in the sector."