Yet another big loss in H1 2022 and funded mostly by bank borrowing. The Directors state that as at 25 February the Financial Statements are fairly stated and there are reasonable grounds to believe the Company can pay its debts as an when they fall due but there are Term loans of $7.5 m which fall due in March 2022 and which will need to be doubled given the rate of trading losses in H1 2022.
Yet another big loss in H1 2022 and funded mostly by bank...
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