Firm's accounts show net debt climb 22% as operating profit fell 4% and staff costs rose as CMS Cameron McKenna sees 10-fold increase in cash at bank and in hand
February 04, 2015 at 06:58 AM
1 minute read
The original version of this story was published on Legalweek
Addleshaw Goddard’s net debt climbed to £17.5m during the last financial year, according to accounts filed with Companies House which also show operating profit falling 4%, despite a slight uptick in turnover.
The firm’s accounts show net debt climbed 22% during the year ending 30 April 2014 from £14.3m to £17.5m, with the firm having drawn down £18m of bank loans compared with £17m the previous year.
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