OnTheMarket has revealed an operating loss of £10.8m in its annual results following a lack of cash and a costly litigation battle in the run up to its float on the junior stock market earlier this year.
The group, which floated on the AIM market in February, saw operating losses for the year to 31 January rocket from last year’s £1.2m figure following £14.7m of exceptional items, while the loss after tax attributable to shareholders shot up to £12.1m, from £4m last year. Meanwhile revenue fell from £17.8m at the same point last year to £16m.
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