News

« Headlines

Borders UK reduces losses

17.10.07 Graeme Neill

Borders made an operating loss of £9.45m for the year ending 3rd February 2007, according to recently released accounts. The losses were down from the previous financial year's £27.1m loss. Turnover for the company increased by 3% to £215m over the period.

Borders c.e.o. David Roche stressed that the balance sheet was for the period before the recent buy-out of the company by Risk Capital Partners. "There has been a lot of investment in clearing up the estate and preparing for the sale of the company," he said. "We wanted to provide the best
possible platform for the new company."

Retail Financial Borders David Roche Graeme Neill

See Also