Wednesday July 15, 2020

Bannatyne confident on firm's IBRC debts

The Scottish businessman is confident his health club chain will be able to cover its debts to the former Anglo, writes Ian Kehoe.

17th March, 2013
Duncan Bannatyne's health club chain has bank debt of £117 million. Photo: Maura Hickey

Duncan Bannatyne, the Scottish businessman who found fame as a panellist on the BBC's Dragons' Den programme, says he is confident that his health club chain will be able to cover its debts to the former Anglo Irish Bank.

The Irish Bank Resolution Corporation (IBRC) is the main banker to Bannatyne Fitness, which operates a chain of 59 clubs across Britain.

The company had total bank debt of £117 million and has annual loan repayments of...

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