Thomas Cook has experienced a very challenging 6 months in which the company reported a pre-tax loss of £712.9 million, a rise of £384.6 million on the same period of the previous year.
In order to rectify this and have any hope of rebuilding profitability, the company has secured shareholder approval for the sale and leaseback of its aircraft fleet and also its Spanish hotel arm as well as agreeing to sell its Indian business for £94 million.
A refinancing package has also been organised earlier this month with its lenders until 2015.
If you are an SME looking for finance and don’t have the financial means available to you that a larger company like Thomas Cook has, then speak to Beer & Young about private investment.
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