LG repaid almost half of its £9.6m worth of loans during 2010-11 due to "continued positive cashflow", according to the firm's latest limited liability partnership (LLP) accounts. The Companies House filings show that LG paid back £4.1m of its loans and overdrafts, which had been largely used to fund the property refurbishment carried out when the firm moved to its London Bridge offices in 2007, reducing its debt to £5.5m.
January 10, 2012 at 04:03 AM
1 minute read
The original version of this story was published on Legalweek
LG repaid almost half of its £9.6m worth of loans during 2010-11 due to “continued positive cashflow”, according to the firm’s latest limited liability partnership (LLP) accounts.
The Companies House filings show that LG paid back £4.1m of its loans and overdrafts, which had been largely used to fund the property refurbishment carried out when the firm moved to its London Bridge offices in 2007, reducing its debt to £5.5m.
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