Shares in Totally PLC (AIM:TLY) fell 27% after it revealed the financial impact of losing a key NHS contract.
The group, which provides frontline healthcare services along with having a fitness and wellbeing operation, saw its revenues for the first six months drop 21% to £55.8 million.
That in turn resulted in a loss of £1.9 million for the period ended 30 September from a profit of £1 million in the same period last year.
“The NHS continues to be in crisis, and this impacts all organisations that are there to support them,” said chairman and City veteran Bob Holt.
“The loss of North West London contracts resulted in a downturn in our revenues in the period being reported.
“As the contracts came to the end of their contracted period, and despite previous assertions that we would retain the contracts, the ICB allowed the contracts to end.”
In early trade, the stock was off 2.38p at 6.37p.