Monthly Archives: April 2010

in Financial Reports

2010 Directors Report and Group Financial Statements

The consolidated loss for the year was £482,527 (2009 £31,968) on consolidated revenue of £154,764 (2008 £443,736). This result is posted after a provision for impairment charge of £394,000 in respect of the valuation of the Stoke on Trent portfolio. Although a further loss is disappointing, it must be viewed against the economic background, which has been very difficult, especially for small companies. The Company has husbanded its cash resources during the year and will continue to manage its activities on a prudent basis until it is able to make the investments it believes will ensure its future growth…

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