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Article: [pounds sterling]25m profit but Enterprise seeks further streamlining.(Financial report)
- Article from:
- Lancashire Evening Post (Preston, England)
- Article date:
- August 7, 2007
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Buyout costs [pounds sterling]10 million in extra fees
A Lancashire support service giant Enterprise plc has announced pre-tax profits of [pounds sterling]25m despite having to pay out [pounds sterling]10m in extra costs over the past year.
The firm, which employs more than 1,300 people at its head office on Centurion Way, Leyland, revealed it had to pay [pounds sterling]3m in reorganisation fees after completing a management buyout to take the firm private with a further [pounds sterling]7m consumed by adjustments in contract issues.
But it still saw turnover rise to [pounds sterling]640m in the year up to December 31, 2006, an increase of ...