Print Published 9th Jan 2018, 20:22

Creston’s new owners slashed past acquisition costs by £33.9m at time of deal

Creston, the former stock market listed marketing company, slashed £33.9 million off the goodwill component of past acquisition payments when it came under the control of private equity fund manager DBay Advisors in December 2016.

The biggest goodwill impairment charges were attributed to Tullo Marshall Warren (£16.7 million) and ICM Research (£5.2 million).