Giles holding company reports £39.5m loss as net debt grows


The business also reported an operating loss of £4.6m for the year ended August 2012, compared with a £4.2m loss in 2011.

This included exceptional losses of £4.5m, comprising acquisition integration costs of £3m, as well as a £718,000 spend on restructuring of the equity and debt financing of the group.

The exceptional losses also included £186,000 spent on aborted acquisitions and £563,000 on ‘projects relating to the restructuring of the business and the implementations and development of new

Only users who have a paid subscription or are part of a corporate subscription are able to print or copy content.

To access these options, along with all other subscription benefits, please contact [email protected].

You are currently unable to copy this content. Please contact [email protected] to find out more.

To continue reading...

You need to sign in to use this feature. If you don’t have an Insurance Age account, please register now.

Sign in
You are currently on corporate access.

To use this feature you will need an individual account. If you have one already please sign in.

Sign in.

Alternatively you can request an indvidual account here: