£20m loss

[dptdpt]

See Caterham reported a £20 million loss due to the failed Renault venture. Anyone have any views on what this means to the future of the company?

[dptdpt]

There is no suggestion whatsoever that their creditors are unpaid. It was reported in the Sunday Times yesterday that the company reported a £20m loss, £16m of which was due to writing off development costs after the Renault deal stopped. The parent company, Caterham Enterprises, provided loans which were converted into equity.