Hydroworks' liquidator claws back payment from Powerhouse
Powerhouse's latest quarterly accounts forecasts high cash outflows.
Powerhouse's latest quarterly accounts forecasts high cash outflows.
Powerhouse Ventures is being forced to repay substantial money to former portfolio company Hydroworks, after liquidators were successful in clawing the sum back.
This could have a paralysing effect on Powerhouse, whose latest quarterly results, published yesterday, forecast high cash outflows.
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Fri, 01 Feb 2019