NSF2 Nov 2020 14:17
At 30 June 2020 the Group had cash balances of £75.7m, gross borrowing of £345.0m and has since repaid £15m drawn on its securitisation facility which remains available, subject to lender consent. At 30 September 2020 the Group had cash balances of £69.9m and gross borrowings of £330.0m
· The Group is continuing to operate within its financial covenants and is in discussions with its lenders regarding possible covenant waivers in the future