Bob Geldof’s old production firm Ten Alps remains in the red

 
Madeline Ratcliffe
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Media company Ten Alps reported preliminary pre-tax losses of £1.32m (Source: Getty)
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a company Ten Alps reported preliminary pre-tax losses of £1.32m, on the back of falling revenues.

Revenues for the 12 months to 30 June dropped in line with expectations, from £29.45m to £20.47m, while net debt rose to £7.1m from £5.87 the year before.

The company produces mainly factual TV shows, including reports for Panorama; Churchill: A Nation’s Farewell; and series such as Great Ormond Street and Benidorm ER.

Ten Alps has been on a long loosing streak and in July announced a refinancing to start the new financial year, which reduced debt to around £2m.

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