Totally plc, a provider of frontline healthcare services alongside corporate fitness and wellbeing services, has slipped to a pre-tax loss while revenues have fallen.
According to preliminary results for the 12-month period ended 31 March 2024, revenue at the Derby-based firm dipped by 21% to £106.7 million, from £135.7 million in the year prior.
Meanwhile, in a year where Totally let go some of its team, as it right sized structures, the company slid to a loss before tax of £3.9 million, from a profit of £1.8 million for the year prior.
Looking ahead, the business expects revenues for the year ending 31 March 2025 to decline further, to £85 million.
Simon Stilwell, Chairman, said: “It was undoubtedly a difficult year for the Group but the actions on costs, structure, internal process and financial controls taken in the second half of the year have seen a stabilisation in the business.
“As we look to the year ahead, we are a stronger organisation with clear accountability and improving performance.”
