The corporate, which began broadcasting in 2021, is owned by All Views Ltd, a holding firm backed by hedge fund millionaire Sir Paul Marshall and funding agency Legatum, amongst others.
Sir Paul, talking final yr at a convention in London, was reported on GB Information as hitting out at “woke capitalism” and “monetary cronyism”. , exterior
Whereas GB Information nearly doubled its income its revenue was nonetheless considerably decrease than its losses, reaching £6.7m.
House owners together with financier Sir Paul are persevering with to plough hundreds of thousands into the fledging broadcaster.
Final yr GB Information acquired £41m from its guardian firm, taking the entire it now owes it to £83.8m.
“The corporate has sturdy help from its traders and the administrators haven’t any motive to consider that the extent of those contributions may range to a big diploma or be recalled earlier than the group has the sources to repay the funding,” GB Information mentioned in accounts filed to Corporations Home.
The enterprise mentioned that it had a mean of 295 month-to-month workers throughout the yr, with its wage, social safety and pension invoice totalling £21.2m, or round £72,000 per head.
