PracticeAccounting FirmsNumerica unveils poor results

Numerica unveils poor results

Numerica has posted a loss of £4.2m after goodwill, amortisation and exceptional items, a worsening of last year's £1m loss.

Link: Numerica launches radical revamp

However, the loss is just £300,000 before goodwill and amortisation. Turnover improved from £45.2m to £46.6m.

Numerica also announced the appointment of Adrian Colman as group finance director, to succeed Peter Jenkins, who moved up to the chief executive role in March 2004.

Peter Jenkins, Numerica chief executive, said: ‘This has been a difficult year for Numerica. We have responded by significantly reducing our cost base, changing the composition and focus of our management team and restructuring the group.’

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