‘Material uncertainty’ hangs over engineering group’s improvement
Engineering group Doncasters increased sales and narrowed losses last year, but was unable to shake off a "material uncertainty" about its future prospects because of its debt issues.
The group, which specialises in the aerospace, automotive and energy sectors, incurred pre-tax losses of £92.1m after sales increased 10% to £721.8m.
Accounts just published show that at the end of 2017, Doncasters had £1.2bn of debt of which £430m was shareholder loans from its owner, Dubai International Capital (DIC). Debt facilities held by ... You can carry on reading TheBusinessDesk.com for free, but you have reached the maximum number of pages an unregistered user can view. To register for an account, click here or login below...
