Bevan Brittan has extended its bank loans by £3m in the last two months after converting part of its overdraft facility into an additional loan. The loan, which was taken out in October 2008, is repayable over a three-year period and replaces £3m of a £6m overdraft facility the firm had in place at the end of April 2008. Details are contained within the Bristol-based firm's recently filed 2007-08 limited liability partnership (LLP) accounts. The accounts show the firm ended the last financial year with net debt standing at £10.5m - a sizable increase on last year's figure of £4.2m.
December 12, 2008 at 08:13 AM
1 minute read
The original version of this story was published on Legalweek
Bevan Brittan has extended its bank loans by £3m in the last two months after converting part of its overdraft facility into an additional loan.
The loan, which was taken out in October 2008, is repayable over a three-year period and replaces £3m of a £6m overdraft facility the firm had in place at the end of April 2008.
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