Johnny Ronans property group this month sold its Paris property for 24.5 million to help pay down the groups debt.
Consolidated accounts filed by Mr Ronans Ardquade Ltd also reveal that this year Mr Ronan also advanced a loan to the group which was used to repay a substantial part of the groups junior debt.
At the end of December 30th last, the groups senior and junior debt amounted to a combined 194.88 million.
The continuing efforts to pay down the debt are disclosed in the new accounts, which also show that pretax losses narrowed at the business last year by 20.35 million, or 67 per cent, to 9.98 million.
Ardquade Ltd reduced its pretax losses as revenues rose by 6 per cent from 22.37 million to 23.71 million.
The pretax loss ta…
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