Thread: Changes on the High Street
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Old 16-07-2020, 22:19   #496
1andrew1
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Re: Changes on the High Street
Quote:
Originally Posted by Chris View Post
And they can’t blame Covid, they plunged to that figure by December 2018. That’s absolutely shocking.
Just a leveraged buy-out whereby the purchaser puts up 10% of the cost of buying the existing shareholders out and the banks 90%. The cost of the debt ensures no corporation tax is due as the business is loss-making on paper.
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