RPC accounts show firm borrowed more than £5m to fund loss-making consulting arm

Pay for firm's top earner rises 20% despite dip in operating profit and PEP

RPC took out bank loans worth more than £5m during the last financial year to help fund its loss-making consulting business, the firm’s limited liability partnership (LLP) accounts have revealed.

The 2016-17 accounts, filed with Companies House last week, state that the firm, which posted a 12% dip in profit per equity partner (PEP) last year to £317,000, took out three bank loans during the year, totalling more than £5.5m.

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