Archived article
Please note that tax, investment, pension and ISA rules can change and the information and any views contained in this article may now be inaccurate.
CEPS, an investor in startups, reported narrower annual losses as cost cuts offset a pandemic-led fall in revenue.
For the year ended 31 December 2020, pre-tax losses narrowed to £645,000 from £2.3 million, while revenue fell to £14.0 million from £21.8 year-on-year.
The results of Aford Awards, Friedman's and Milano International segments, which all operate in the leisure sector, results were 'decimated by the effects of the pandemic,' the company said.
Looking ahead, the company said it expected a 'gradual but definite return to a version of "normal" over the balance of 2021.'
At 9:13am: (LON:CEPS) CEPS PLC share price was 0p at 22.5p