News blog
Angle
- BY: Andrew Hore |
- POSTED: 06/07/2007 |
- COMMENTS: Add yours
Technology company developer Angle is putting new investments on hold while it concentrates on making the most of its existing investee companies.
Angle has cut its overall annualised costs by more than £4m in order to conserve cash while it continues to develop its existing investments. The consulting business is concentrating on long-term contracts and should be profitable this year. A cash outflow of around £2m is expected for this year but that would still leave Angle with cash in the bank.
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