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AT - high debts and finance director leaves on 18 July (ATCG)

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Creator whiterussians Created 22 Jul 2008 Posts 36 Last Post 5 years ago

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AT - high debts and finance director leaves on 18 July.
Is this good news?







Masurenguy - 22 Jul'08 - 08:20 - 1221 of 1222


From the Final Results to 31st Dec that were issued on April 9th

"The Group's net cash position improved by £3.0m during the year with net debt
reduced to £15.0m (2006: £18.0m)....Since the year end the Group has refinanced its debt and strengthened its balance sheet. The new facility with HBOS comprises a term loan of £16.5m amortising over 5 years and a committed revolving credit facility for £7.5m."




whiterussians - 22 Jul'08 - 15:07 - 1222 of 1222 edit


£16.5m over five years is about £4.5m of interest and capital that needs to be repaid every year for five years I think. Sounds like a lot.

Finance director resigned on the 18th July


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