Mccarthy Sons' Firm Loses ￡2m Renew Issues Profit Warninaand Cuts More Jobs

摘要

Churchill Retirement, the company run by the two sons of John McCarthy, the co-founder of McCarthy & Stone, has fallen ￡2,4m into the red.rnThe pre-tax loss in the year to 31 May 2008 compared with a profit of ￡6.8m in the previous year. Dean Marlow, the firm's finance director, blamed the loss on the recession.rnTurnover was also down, falling 12% from ￡48m to ￡42.3m.