Loss making SSP reveals financial struggles ahead of sale
SSP made an after tax loss of £115m in the 18 months to 30 September 2019 and breached its banking covenants in March 2020, the business has revealed ahead of its takeover by Canadian firm Constellation Software.
The after-tax losses were driven by a goodwill impairment of £67.2m and a deduction of £18.9m in relation to accrued loan interest, according to the latest filing at Companies House for SSP Topco.
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