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117 properties sold for £5.6m.£50k each on average.Looks like they are being given away…..

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... had initially been delayed to allow the Company’s auditor, BDO LLP, to undertake an enhanced set of audit procedures in respect of the financial year ended 31 August 2022, and for the Board to instruct Alvarez & Marsal Disputes and Investigations, LLP to conduct an investigation into allegations of wrongdoing. Without waiver of privilege, the key findings

of this report...

As a result of the delays to the publication of the 2022 and 2023 Annual Reports and Accounts, itis not currently possible to propose the standard resolutions at the AGM relating to receiving the audited financial statements and the auditor’s and directors’ reports, approving the directors’ remuneration report and the re-appointment and remuneration of the auditor. However, under the UK Companies Act 2006,the Company is obliged to hold an annual general meeting on or before 29 February 2024.

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This is an incredible lack of transparency - several years of hiding behind smoke and mirrors dodging disclosure of basic financials, not even BoD' & Auditor' remuneration base.. Exemplary corporate governance!

The BOD should have took the offer of 40p share

They are hardly collecting any rent - 14% at latest monthly update, they are selling for a for 1/3 of purchase price - an even smaller percentage of valuation.

The balance sheet is probably worth close to the £Nil and you would have thought the bankers a running this so they get out without taking a hit

Whilst it’s good to action being taken, it is staggering that these company’s continue to collect rent for over a year yet not pay forward their own charges?

I would imagine chasing the overdue rent will be a long drawn out process but I hope it’s in place