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Follow on Google News | Matthew Freud company accounts overdueBy: Fintellect Publishing Ltd The delay comes in the wake of weekend reports that controlling shareholder Matthew Freud and his wife Elisabeth Murdoch are seeking a divorce. The last accounts of Freud (Holdings) showed that the company had net assets of £33.7 million. However, an additional £30 million of share capital was introduced on 27 March this year – presumably to replace a loan of similar amount provided by Freud to help finance the buyback of the business from Publicis Groupe in April 2011. At 18 March this year Matthew Freud owned 100% of the company. Freud (Holdings) earned a post-tax profit of £2.3 million in the year to 31 December 2012. In August this year Matthew Freud increased his shareholding in the international public relations group Huntsworth to 3%, just as he anticipated collecting a sizeable payout from the sale of his shares in The Engine Group. End
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