Eversheds has negotiated a new bank facility enabling the firm to take out a £20m loan, the firm's limited liability partnership (LLP) filings have revealed. The UK top 10 firm has swapped its short-term overdraft facility, which reduced from £12.7m in 2007-08 to £3.4m in 2008-09, in return for a £20m loan. The move saw cash in hand at the bank increase by almost £10m to £28.9m for the financial year.
January 15, 2010 at 10:10 AM
1 minute read
The original version of this story was published on Legalweek
Eversheds has negotiated a new bank facility enabling the firm to take out a £20m loan, the firm’s limited liability partnership (LLP) filings have revealed.
The UK top 10 firm has swapped its short-term overdraft facility, which reduced from £12.7m in 2007-08 to £3.4m in 2008-09, in return for a £20m loan. The move saw cash in hand at the bank increase by almost £10m to £28.9m for the financial year.
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