Mclcreate reports a £3.8 million loss before tax

Agency mclcreate has filed accounts on Companies House recording a decrease in turnover from £14million to £10.8 million for the year ending September 2016.

The accounts also show a gross profit loss from £7.7million to £6 million.

The loss before tax recorded in 2015 was £431,000, climbing up to £3.8  million in 2016.

Mclcreate has offices in Birmingham, Edinburgh, London, Manchester and Glasgow and is owned by parent company Avesco Group Limited.

In the Directors’ Report also posted on Companies House, former director John Christmas said: "The loss before tax was due to the impairment of a loan due from a group undertaking."

 

See more mclcreate:

mclcreate records £432,000 operating profit despite overall loss

Swinton reappoints mclcreate for 2016 events 

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