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[The Very Group Reports £505M Loss Driven By Loan Write-off, Despite Earnings Growth; Barclay Family To Lose Control] The Very Group Reported A £505 Million Loss For The Year Ending June, Primarily Due To A £525 Million Write-off Of An Intercompany Loan To Its Parent Company, Fully Owned By The Barclay Family. This Marks A Significant Increase From The £16.3 Million Loss In The Previous Period. The Company's Adjusted Earnings, However, Rose By 15.9% To £307.1 Million, With Sales Increasing By 1.8% To Over £2 Billion. This Financial Restructuring Is Expected To Lead To The Barclay Family Losing Control Of The Very Group, With Creditors Like Carlyle And IMI Preparing A Debt-for-equity Swap.

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