Selestia Investments made an operating loss of £387,149 according to its first set of published acco...
Selestia Investments made an operating loss of £387,149 according to its first set of published accounts. This return, which includes start-up costs, covers the year ended 31 December, 2001, although the group was only incepted on 23 January the same year. This contrasts starkly with rival Cofunds' £32m losses last year. Similarly, Selestia's £395,628 operating expenses compared with £33.4m at Cofunds. Selestia does have outstanding liabilities of £405,559, but has some £4.7m in net current assets. Turnover was £8,479 for the year.
Two global vehicles
'Further plug advice gap'
Must appoint separate CEOs and boards
Advisers do come out well
Will report to Mark Till