Complete Cover and Mulsanne parent posts £41.7m loss
The business was sold to Sun Capital last year. Since then it has secured a £1m development loan from Close Brothers and its investors has pumped £7m into Mulsanne to help with solvency.
The parent company of broker Complete Cover Group and Hyperformance and insurer Mulsanne, Key Topco, has reported losses for 2018.
A document posted to Companies House highlighted a loss for the year of £41.7m, a deterioration on the £12m lost in 2017.
GWP slipped to £33.4m from £35.5m. Restructuring costs went down to £421,000 from £1.1m.
In the document directors blamed the losses on finance costs of £11.1m and an investment impairment loss of £20.8m.
The organisation said its adjusted
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