Financial
In 2011 the Group successfully completed a major debt restructuring, converting £359m of debt for equity, giving the Group a significantly strengthened balance sheet with net assets of £173m.
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Famous quotes containing the word financial:
“For the merchant, even honesty is a financial speculation.”
—Charles Baudelaire (1821–1867)
“America is a nation with no truly national city, no Paris, no Rome, no London, no city which is at once the social center, the political capital, and the financial hub.”
—C. Wright Mills (1916–1962)
“In full view of his television audience, he preached a new religion—or a new form of Christianity—based on faith in financial miracles and in a Heaven here on earth with a water slide and luxury hotels. It was a religion of celebrity and showmanship and fun, which made a mockery of all puritanical standards and all canons of good taste. Its standard was excess, and its doctrines were tolerance and freedom from accountability.”
—New Yorker (April 23, 1990)