Directors loan Clarkson Hill £600k to meet cap ad costs

The national IFA says the subordinated loan agreements, approved by the FSA, are sufficient for the company to meet the capital rules. Earlier this month, AIM-listed Clarkson warned it may not be able to continue as a going concern unless it received an injection of capital. Share trading in the company had earlier been temporarily suspended after it failed to psubmit its annual accounts. The group reported an operating loss of £105,000 for 2009, compared to a near-£650,000 loss the previous year. It said it paid costs of £231,000 following an FSA review into its processes in th...