Inchcape

Inchcape reduces debt, enhances liquidity

Inchcape reduces debt, enhances liquidityInchcape reporting the results for 2009 has said that it has reduced it debts £408 million and has net cash of £800,000.

The company had raised about £234.3 million in a rights issue in April and it also benefited from the government's scrappage schemes which helped it reduce the stock of unsold cars.