Game Group is upbeat despite fresh losses following its rescue
7 May 2013 5:05am
GAME Group made a pre-tax loss of £18.2m in the four months after being rescued by private equity group OpCapita, filings at Companies House show.
Game, which was bought out of administration by OpCapita in April 2012, posted revenues of £93.3m for the period to 31 July, of which £4.8m was generated online.
Like-for-like sales are at “levels in line with the former Game Group”, the board said, adding that it was positive about future trading.
The retailer had drawn £103m from a £106m loan made by Capitex Holdings, a firm headed by OpCapita boss Henry Jackson.
Game is paying interest on the loan at 7.5 per cent above the base rate, and is due to repay the full sum by April 2017.
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