Outlook3 Jun 2021 07:43
I wonder if there are concerns from this from the Full year statement ;
However, we face significant short-term loan note maturities, with £440m due over the next two years. We plan to address this as follows:
We recently received proceeds of £299m from the completion of the ESS disposal, which provides around £220m of available liquidity, with a further £45m contingent on CMA clearance of buyer Montagu’s subsequent transaction with ParentPay. We expect to renew and extend the maturity of our revolving credit facility. We are continuing to dispose of non-core assets, with three processes currently under way: namely our ‘blue light’ emergency services software, our specialist insurance businesses in partnership with Artificial Labs, and our Axelos joint venture with the UK Government, with combined expected proceeds of at least £200m. We anticipate proceeds to come through in the second half of the year. Further non-core disposals are expected to realise around £200m, including from more off-the-shelf software assets as well as Specialist Service businesses that will be sold once recovery from the Covid crisis is well established.
We plan to put in place longer-term debt funding solutions, likely to be later in the year and subject to market conditions.
Will they need to do a cash raise.???