Profit & Loss
Profit & Loss: debt catches up with losses at sinking Dermot Desmond-backed firm
Probability Dynamics has reported losses of €16.6 million, with €16.5 million owed to creditors
Total losses at Probability Dynamics, the financial analysis firm heavily backed by Dermot Desmond, rose from €15.3 million to €16.6 million in the year ending September 2022, new accounts show.
The company had a loss of €1.3 million that year, compared to a loss of €1.4 million the year before.
The directors note in the accounts that they “have prepared the financial statements on a going concern basis, the validity of which depends on the ...
