Hunter Firm Looking to Build Despite 'Worst-Case' Gbp 150m Loss

The Scotsman › July 16, 2009

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Summary

SIR Tom Hunter's retail empire was left nursing losses of GBP 150 million in the year prior to a major restructuring, accounts just filed with Companies House reveal.

Despite a slight rise in turnover to GBP 283m in the year to 31 January, 2008, the division was hit by poor trading and GBP 150m of "irrecoverable" write-offs from certain elements of its portfolio - including builders Crest Nicholson and McCarthy & Stone and retailers Qube and USC.

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Extract

Hunter Firm Looking to Build Despite 'Worst-Case' Gbp 150m Loss

But a spokesman for WCC Trading yesterday told The Scotsman it was looking to grow its portfolio, including the p...

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