Camerons LLPs reveal £4.5m bank loan paid to de-equitised partners
CMS Cameron McKenna took out a £4.5m bank loan last year to finance a one-off profit payment to the 16 partners that it moved from the equity into the fixed-share ranks in May 2010. The information, contained within Camerons' 2009-10 limited liability partnership (LLP) accounts, further highlights the hit on profitability the firm suffered during the financial crisis.
CMS Cameron McKenna took out a £4.5m bank loan last year to finance a one-off profit payment to the 16 partners that it moved from the equity into the fixed-share ranks in May 2010.
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