Merlin cuts loss by £50m after refinancing
Loss adjusting group Merlin has admitted its ability to win new business has been significantly helped by its recent refinancing.
The admission came as Merlin reported a net loss of £10.1m for the year ended 30 April 2010 — an improvement of more than £50m on the £61.9m loss reported in 2008/09.
It follows a refinancing
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