Print Published 17th Aug 2018, 08:35

Investis Topco loses another £13.8m, debt reaches £80m

Investis Topco, parent company of the loss-making on-line corporate communications business where Don Scales took over as group chief executive in January last year, made an increased group loss of £13.8 million in 2017.

At 31 December 2017, cumulative losses had reached £39.7 million and the group had become increasingly dependant on private equity and other shareholder loans of £54 million, along with bank borrowings of £27 million.