Markerstudy takes £16m hit on its Brightside business value
Markerstudy has taken a £16m hit on the value of its Brightside business, according to the group's latest accounts.
Markerstudy Group Limited’s accounts state that the purchased goodwill of Brightside Insurance Services Limited was £26.4m on 31 December 2021.
This is before an impairment charge of £15.9m. The charge is the main factor in bringing down the net book value’s purchased goodwill from £26.4m to £7.8m.
Impairments are an accounting charge on a firm’s assets that have lost value either partially or completely. The write-down is on the ‘purchased goodwill’.
The accounts for the period 9 December
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