Hammonds saw its net debt more than triple to £15.1m during 2008-09, according to the national firm's first limited liability partnership (LLP) filings. The UK top 30 firm's combined bank loans and overdrafts reached £21.2m for 2008-09, up from £8.8m the previous year. An increase in cash in hand at the bank from £3.9m in 2007-08 to £6m meant that overall net debt grew from £4.9m to £15.1m, according to the filings with Companies House.
January 11, 2010 at 10:11 AM
1 minute read
The original version of this story was published on Legalweek
Hammonds saw its net debt more than triple to £15.1m during 2008-09, according to the national firm’s first limited liability partnership (LLP) filings.
The UK top 30 firm’s combined bank loans and overdrafts reached £21.2m for 2008-09, up from £8.8m the previous year. An increase in cash in hand at the bank from £3.9m in 2007-08 to £6m meant that overall net debt grew from £4.9m to £15.1m, according to the filings with Companies House.
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