Losses nearly double at Third Quad after painful restructuring

first_imgTuesday 21 September 2010 8:12 pm Losses nearly double at Third Quad after painful restructuring KCS-content whatsapp Share whatsappcenter_img by Taboolaby TaboolaSponsored LinksSponsored LinksPromoted LinksPromoted LinksYou May LikeMisterStoryWoman Files For Divorce After Seeing This Photo – Can You See Why?MisterStoryNoteabley25 Funny Notes Written By StrangersNoteableyMoneyPailShe Was A Star, Now She Works In ScottsdaleMoneyPailThe Sports DropForgotten College Basketball Stars: Where Are They Now?The Sports Dropmoneycougar.comThis Proves The Osmonds Weren’t So Innocentmoneycougar.comElite HeraldExperts Discover Girl Born From Two Different SpeciesElite HeraldFamilyMindedThe Most Common Astrology Questions People AskFamilyMindedOpulent ExpressHer Quadruplets Were Born Without A Hitch. Then Doctors Realized SomethingOpulent ExpressFree HubRare Photos of Princess Diana The Royal Family Never Wanted People To SeeFree Hub THIRD Quad Capital, the latest venture from former Blue Oar Securities boss Andrew Monk, has seen losses almost double over the first half of the year as it completes a “painful but necessary” restructuring.Monk, who was ousted from Blue Oar when it was taken over by Edward Vandyk’s Evolve Capital last year, said the group’s recent acquisitions would enable it to expand in future with “positive cash balances, a strong balance sheet, reduced costs and a determination to grow”.Last month, the business bought loss-making corporate finance and broking house VSA Capital for a nominal sum, as a shell to facilitate Monk’s return to the broking sector. Monk, who previously founded Blue Oar and built Oriel Securities into a £40m business before selling up in 2006, said at the time he aimed to grow VSA rapidly over the year. Read This Next’A Quiet Place Part II’ Sets Pandemic Record in Debut WeekendFamily ProofHiking Gadgets: Amazon Deals Perfect For Your Next AdventureFamily ProofBack on the Rails for Summer New York to New Orleans, Savannah and MiamiFamily ProofYoga for Beginners: 3 Different Types of Yoga You Should TryFamily ProofAmazon roars for MGM’s lion, paying $8.45 billion for studio behind JamesFamily ProofIndian Spiced Vegetable Nuggets: Recipes Worth CookingFamily ProofTortilla Mango Cups: Recipes Worth CookingFamily ProofWhat to Know About ‘Loki’ Ahead of Disney+ Premier on June 9Family ProofCheese Crostini: Delicious Recipes Worth CookingFamily Proof Show Comments ▼ Tags: NULLlast_img

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