Business solutions and consulting services provider Aquilo announced ‘disappointing' results for the twelve months ending 31 December 2003.
But it said a significant restructuring process within the group had established a sustainable business model to help the group grow during 2004.
The group announced a total operating loss of £1.8m for 2003, an increase from the 2002 total operating loss of £441,491.
Turnover fell slightly from the 2002 figure of £2.534m, down to £2.507m for 2003.
