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Luxury retailer your place of bruar reports The cutbacks stem from a 4.66 million im marvelous item related toloan writedowns linked to M Birkbeck Property Ltd, A company House of Bruar founders and administrators Mark and Linda Birkbeck are also administrators in. Accounts filed with companies house from the house of bruar note in the past year"The company New Ralph Lauren polo shirts Are Here continued to loan funds zero interest to m birkbeck property ltd, a related party due to common ownership. "In the past year, 4, 669, 177 of this loan was enclosed against.At the balance sheet date the particular organization was owed 2.72 million(2011:6, 939, ralph lauren long sleeved 408)By m birkbeck condo ltd, M birkbeck a home ltd note in Ralph Lauren Australia Sale abbreviated accounts also filed today for the year to january 31 2012 it made a loss of 414, 907. That company notes in those accounts its net financial obligations now exceed net assets by 4, 335, 150. Your firm stand out in m birkbeck property ltd accounts reads: "The company owners, who are also directors of the house of bruar have provided assurances that they'll not seek to recover the amounts owed of 7, 389, 910 from corporation. "The directors of the company have also provided assurances that they will support the company for the near future and will ensure that there are sufficient funds made available to enable the company to meet its debts as they fall due, I would say some sort of 4.66million writedownled to The House of Bruer postinga full year loss despite the business reporting an eight per cent rise in turnover for the year to 20 million and net rise in cash from operating activities from 1.17 million toward 4.96 million. The company said the increase in turnover was a result of"Substantial investment in the industry"Which saw organization invest 3.8 million innew menswear wing and developing its mail order service which the company says now is answerable to 25 per cent of turnover. Making use of profits also rose to 3.84 million opposed to 2.86 million the year before and the company states it it well placed to"Hold up against any market downturn, Mark and linda birkbeck announced in 2011 they were conducting a strategic review on the town of bruar business to Ralph Lauren Mens formalise their retirement, which they said may include selling the organization. However the couple confirmed in july they had decided agaist selling the work, despite a number of offers two of which were above the price they wanted in favour of keeping the business in the household. House of bruer is circulate across an 11 acre site at blair atholl, and is a seller of more common brands like barbour, north face and gant as well as its own label brands which account for over fifty percent of all profits from clothing sales.

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