DAC Beachcroft saw its net debt climb from £10m to £34m during the last financial year, with accounts recently filed with Companies House revealing that £8.3m of this was used to fund Beachcroft's acquisition of legacy Davies Arnold Cooper. The limited liability partnership (LLP) accounts show the debt comprised £29.6m of bank overdrafts, compared with £5.1m the previous year, with a slight increase in bank loans as well to just over £8m.
February 05, 2013 at 10:51 AM
1 minute read
The original version of this story was published on Legalweek
DAC Beachcroft saw its net debt climb from £10m to £34m during the last financial year, with accounts recently filed with Companies House revealing that £8.3m of this was used to fund Beachcroft’s acquisition of legacy Davies Arnold Cooper.
The limited liability partnership (LLP) accounts show the debt comprised £29.6m of bank overdrafts, compared with £5.1m the previous year, with a slight increase in bank loans as well to just over £8m.
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