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28-Apr-09
The scale of ADAS's staff pension commitment is highlighted in its latest financial accounts, covering a year and ten days ending 30 September 2008. The company ended the period with a £1.6 million operating loss due to £4.3 million in “administrative expenses”. Environment Analyst understands that a significant proportion of these expenses relate to ADAS's pension commitments. ADAS was bought by private equity firm London...
ADAS performance hit by pension deficit
28-Apr-09
The scale of ADAS's staff pension commitment is highlighted in its latest financial accounts, covering a year and ten days ending 30 September 2008. The company ended the period with a £1.6 million operating loss due to £4.3 million in “administrative expenses”. Environment Analyst understands that a significant proportion of these expenses relate to ADAS's pension commitments. ADAS was bought by private equity firm London...
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