Towergate’s net borrowings hit £977.5m
Bondholder report shows a total loss of £85.9m for the third quarter of the year.
The Towergate bondholder report shows a turnover of £327.8m for the first nine months of the year, with a loss on ordinary activities of £132m compared to £52.7m last year.
The document, compiled under different accounting standards to the announced results, showed that the loss for the third quarter of 2014 was £85.9m, some £65.2m more than the loss for the same quarter last year.
The group's net borrowings for the nine months ended on 30 September rose by £35.8m to £977.5m from £942.1m for the
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