Eddie Stobart holding company cut losses to £15m and debts to £144m ahead of sale to Culina Group


 

Eddie Stobart’s holding company GreenWhiteStar Acquisitions (GWSA), which was sold to Culina Group last week, made a £15m loss last year and had net debts of £144.5m. In its recently published financial results, for the year to 30 November 2020, the company revealed that it had gone some way to cutting both its losses and its debt burden, aided by a £65.3m debt for equity swap. The results show that during the period its pre-tax loss reduced to £15m from […]