iPP kept going with Labco support

Integrated Pathology Partnerships, the new entrant to the UK pathology market, for the period 1 January 2011 to 31 December 2011 presented no figure for turnover, but recorded a loss on ordinary activities before taxation of £1.2m (2010: £294,000). Operating expenses were £1.2m (2010: £293,500). An iPP spokesperson said: In respect of iPP’s financial statements for the year ending 31 December 2011 that were recently filed at Companies House, there is no turnover reported due to iPP’s first contract commencing service delivery on 1 June 2012. Therefore the corresponding loss for that year relates to the establishment and business development costs incurred by iPP in that year.’

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