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Patisserie Holdings Lenders Agree To Extend Debt Consolidation Date

Mon, 19th Nov 2018 17:54

LONDON (Alliance News) - Patisserie Holdings PLC said Monday its principal lenders have reached an extension agreement over its debt consolidation.

The period by which the Patisserie Valerie owner must enter into a consolidated syndicated facility structure for its outstanding debt has now been extended to January 18.

The cafe chain has been struggling since discovering in October a GBP20 million black hole in its financial accounts due to potentially fraudulent accounting irregularities.

The firm has since raised GBP15.7 million via a share issue. Its AIM shares were suspended last month after the company revealed the hole in its accounts and this suspension is still in place.

Finance Director Chris Marsh was suspended by the company after the irregularities were found. He since was arrested and released on bail. Marsh subsequently resigned from Patisserie.

The UK Serious Fraud Office separately has said it is investigating an unnamed individual connected to Patisserie Holdings.

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12 Oct 2018 09:16

Patisserie Holdings gets £20m cash injection from chairman, raises £15m

(Sharecast News) - Patisserie Holdings said on Friday that chairman Luke Johnson will provide the company with loans of £20m while it raises another £15m through a heavily-discounted equity placing, as it battles to stay afloat after discovering a multimillion pound black hole in its accounts.

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11 Oct 2018 13:34

Patisserie Holdings will cease trading without immediate capital injection

(Sharecast News) - A day after warning over potential fraud and revealing that it had received a winding up order from HMRC over unpaid tax, Patisserie Holdings said it would not be able to keep trading in its current form without an immediate injection of capital.

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11 Oct 2018 13:33

TOP NEWS: Patisserie Holdings Requires "Immediate" Cash To Keep Going

LONDON (Alliance News) - Patisserie Holdings PLC on Thursday said it requires "immediate" funding to keep going, with there being a significant difference between the true and reported a

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10 Oct 2018 14:27

UPDATE: Patisserie Valerie Receives Winding Up Petition For Core Unit

LONDON (Alliance News) - Embattled cafe chain operator Patisserie Holdings PLC has received a winding up petition for its principal trading unit Stonebeach Ltd for GBP1.1 million owed to the UK up

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10 Oct 2018 12:02

LONDON MARKET MIDDAY: Pound Steady After UK's Flat GDP Growth Reading

LONDON (Alliance News) - While off some of Wednesday's earlier lows, stocks in London remained listless at midday."There are a number of worries for investors right now, from the pace of and

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10 Oct 2018 08:42

LONDON MARKET OPEN: HSBC Settles US Claims; Hole Found In Patisserie

LONDON (Alliance News) - Stocks in London opened mixed on Wednesday amid lingering worries on global growth, while cafe chain Patisserie Holdings requested its shares be suspended a

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10 Oct 2018 08:20

TOP NEWS: Patisserie Valerie Discovers Accounting Hole; CFO Suspended

LONDON (Alliance News) - Shares in Patisserie Holdings PLC were suspended on Wednesday after the company said it discovered "significant and potentially fraudulent" accounting cafe which

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10 Oct 2018 08:02

Patisserie Holdings gets winding up order over unpaid tax, warns over potential fraud

(Sharecast News) - Things went from bad to worse for Patisserie Holdings on Wednesday as the company said it has received a winding up petition for its main trading subsidiary, Stonebeach, for £1.14m in tax owed to HMRC, having earlier warned of potentially fraudulent accounting irregularities.

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29 Jun 2018 18:06

DIRECTOR DEALINGS: Patisserie Holdings Non-Exec Sells 40,000 Shares

LONDON (Alliance News) - Patisserie Holdings PLC said Friday Non-Executive Director Lee Ginsberg sold 40,000 shares.Ginsberg sold the shares at 469 pence each for a total consideration of

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24 May 2018 16:10

UK Dividends Calendar - Next 7 Days

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15 May 2018 11:23

Christmas Reindeer Slice Helps Lift Patisserie Holdings Profit 14%

LONDON (Alliance News) - Patisserie Holdings PLC said Tuesday its first-half pretax profit grew 14% due to a good Christmas build-up and strong sales of a chocolate festive treat.For the a

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8 May 2018 16:09

UK Earnings, Trading Statements Calendar - Next 7 Days

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3 Feb 2017 16:09

UK Dividends Calendar - Next 7 Days

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29 Nov 2016 10:23

Patisserie Holdings notches up 10th consecutive year of revenue and profit growth

(ShareCast News) - Patisserie Holdings, which owns the Patisserie Valerie brand, reported an 18% rise in pre-tax profit for the year to the end of September as revenue grew and the company said it saw little or no impact on sales from the Brexit vote. Statutory pre-tax profit increased to £17.2m fro

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22 Nov 2016 16:20

UK Earnings, Trading Statements Calendar - Next 7 Days

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