Annual revenues were flat at social care provider CareTech, though earnings increased in line with expectations in an industry that has been battling serious budgetary pressures.
Underlying earnings before interest, tax, depreciation and amortisation (EBITDA) rose 6% to £26.4m on sales that crawled just 0.2% higher to £114.3m. The full year dividend was up from 6.5p to 7p per share.
The largest division, Adult Learning Disabilities, saw sales shrink from £75.8m to £73.9m but EBITDA improved by 110 basis points to 25%, reflecting the upside from a 2-3 year period of capacity reconfiguration.
Income in its Mental Health segment advanced by 8.3% to stand at £6.5m.
The Young People Residential Services division began to come into its own with 15% growth to £19.6m revenues. Fostering earnings growth was more muted at 2% to £4.3m.
Executive Chairman Farouq Sheikh was pleased with the acquisition of freehold properties in the year which created an increase in net assets of 29.7% and allows future reconfigurations of these properties.
He was optimistic about the future, saying the group remained well positioned relative to many of its peers as it has lower leverage, significant freehold asset backing and financial stability arising from strong banking arrangements.
Health and safety training company PHSC reported a 79% rise in first-half turnover of £3.94m.
Earnings before interest, tax, depreciation and amortisation (EBITDA) jumped to £359,000 in the six months through September from £136,000 in the prior year.
The company said its focus during the period was to integrate new businesses QCS International Limited and B to B Links Limited.
QCS International Limited traded ahead of management forecasts, and the outlook for their quality systems auditing and training services "remains encouraging".
At B to B Links, on-going CCTV installation work for a major department store chain continues.
The business has generated average monthly revenues of more than £140,000 in the period, up from £75,000 per month in the first six months after acquisition.
The remaining five subsidiaries, which deal predominantly in health and safety consultancy and training services and asbestos management, have had mixed results.
In September the company announced it had raised £520,000 before expenses through a placing of 2,080,000 new Ordinary Shares at a price of 25p per share. The net proceeds of £480,000 will be used as additional working capital to fund the continued growth of the group.
"The board felt that it was appropriate to accept significant new funding at a time when its cash flow was under pressure as a result of acquisition payments," the company said.
The firm added that it was on track to meet its EBITDA 2013/14 target of between £700,000 and £750,000.