Tue, 21 May 2013
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Clydes took £23m loan to fund post-merger office move
Back to the main agenda - £46.2m borrowing in addition to partner capital borrowings presumably underwritten by the firm! That's a hefty level of debt in total not simply in terms of the impact on overall net worth but to service in interest costs in what is already a challenging arena for margins from client work. Hopefully somebody has a good head for finances in the team.
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