Lilleshall slump
Your support helps us to tell the story
From reproductive rights to climate change to Big Tech, The Independent is on the ground when the story is developing. Whether it's investigating the financials of Elon Musk's pro-Trump PAC or producing our latest documentary, 'The A Word', which shines a light on the American women fighting for reproductive rights, we know how important it is to parse out the facts from the messaging.
At such a critical moment in US history, we need reporters on the ground. Your donation allows us to keep sending journalists to speak to both sides of the story.
The Independent is trusted by Americans across the entire political spectrum. And unlike many other quality news outlets, we choose not to lock Americans out of our reporting and analysis with paywalls. We believe quality journalism should be available to everyone, paid for by those who can afford it.
Your support makes all the difference.Lilleshall slump
LILLESHALL slumped pounds 18.1m into the red last year, compared with a pounds 3.9m profit before tax in 1997, following pounds 17.2m losses on disposals as the company decided to sell off its retail products arm to focus on industrial services.
The group, which last month warned it was in breach of banking covenants with Lloyds, has since agreed new debt terms with the bank, while GE Capital has agreed not to enforce its redemption rights over pounds 3.3m of preference shares in the next year in return for regular payments as disposals are completed.
Lilleshall shares fell 1p to 41.5p.
Join our commenting forum
Join thought-provoking conversations, follow other Independent readers and see their replies
Comments