Quartermile firm in loss

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The company that owns the site of the former Edinburgh Royal Infirmary has recorded a loss in its latest accounts.

Accounts for 2010 show that Gladedale Capital, which owns the Quartermile site, suffered a £389,000 pre-tax loss, compared with a £1.55 million profit the previous year.

Gladedale director Neil Fitzsimmons said: “The company continues to benefit from new committed bank term loan and working capital facilities made available by our principal lender.”