Government support for the Sefton Group has helped secure an optimistic future for the company - and the 340 people who work for it.
That verdict from outgoing chairman Sir Miles Walker, who stood down at the group's AGM yesterday (25 June) after announcing a dramatic turnaround in the company's fortunes.
An 'exceptional' profit of £10.3 million has been declared for the last financial year, mainly due to cash injections to wipe out debt as the company restructured.
Trading showed an underlying profitability of around £236,000.
Sir Miles says now the deficit's been reversed the company is looking at redeveloping facilities at the Palace Hotel.
He says retaining the option to buy-back the Middlemarch site has been pivotal to their future plans:
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