The Channel logo

back to article Berkshire bigboy 2e2 in the pink - apart from crushing debt burden

Integrator 2e2 recorded steep losses in calendar 2011 caused by crippling interest repayments, discontinued operations and restructuring costs, but despite all this, some progress was made in the underlying operations. The privately held Berks-based firm, which pushed out the numbers in a glossy annual report, made a net loss of …

COMMENTS

This topic is closed for new posts.
Paris Hilton

The Emperor's New Clothes ....

... if i ever saw them!

Paris, because if anyone can talk it up, she can.

0
0

Who do 2e2 bank with?

If the interest owed is LIBOR + 16%, why don't they just ask their bank to manipulate the LIBOR rate to, say, -17%, and have the debt paid off for them?

0
0
This topic is closed for new posts.

Forums

Opinion

Sad man stares glumly over boxed contents of desk. Image via shutterstock (Baranq)

Chris Mellor

All that is storage does not beget gold
Lost

Features

Funnel of cash. Credit: via SXC – http://www.sxc.hu/profile/Leonardini
You see a diversity tickbox nightmare, I see human beings
hands waving dollar bills in the air
AWS and Salesforce match up to Ellison's hardware