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Investment group Spinnaker Acquisitions booked a full-year loss as it re-registered as a public company and hunted for acquisition targets.
Losses for the year through August amounted to £0.12 million, the company said. It had re-registered as a public company on 12 May.
Cash at the end of August was £1.96 million.
A search for a suitable acquisition target was underway, it said.