back to article Ah, so that's why Adapt wasn't put in the shop window in 2015

The reason why Lyceum-backed Adapt remains Lyceum-backed is contained in their latest set of annual profit and loss accounts - company growth stalled and so a sales process was halted. The London-based outfit was expected to come onto the market last last year and tasked M&A and corporate finance advisor ARMA Partners with …

  1. Chika

    You mean that they couldn't adapt?

    All groans gratefully accepted!

  2. Anonymous Coward
    Anonymous Coward

    Financed by credit card?

    "Debts of £33m - two loans - cost Adapt £9.09m to service in the year"

    That's an interest rate of 27.5%. They should try a zero-rate balance transfer deal.

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