PracticeAccounting FirmsUp-for-sale Numerica reports interim loss

Up-for-sale Numerica reports interim loss

Numerica has reported a £300,000 loss for the six months to 30 September 2003, as talks continue with bidder, mid-tier firm Robson Rhodes.

Link: Robson Rhodes in talks to acquire Numerica

The firm said it was still in talks with a potential buyer, which Accountancy Age understands to be Robson Rhodes, after the withdrawal of BDO Stoy Hayward.

Numerica also revealed that its ongoing redundancy programme would cost £1m. A service sector slowdown is understood to have put pressure on Numerica’s traditional client base.

Redundancies in Numerica’s audit business were announced in the summer.

Tony Sarin, chief executive of Numerica, said: ‘We are taking the necessary steps to ensure that the impact of the current challenging trading environment on the performance of the business is minimised and I believe that we are well positioned to take advantage of any upturn in the market for professional services.’

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