Member Info for KilkennyTed

In theory it is written off as there is no legal way of re-claiming it. Unless you want to send the Mitchell brothers around.

Is it coincidence

A raid on shares this afternoon.

4 Months on Monday rns officially informing the market of dispute with DHSC

Fri, 9th Apr 2021 12:30

RNS Number : 0120V
Novacyt S.A.
09 April 2021



Novacyt S.A.

("Novacyt", the "Company" or the "Group")



Trading Update



Paris, France and Camberley, UK - 9 April 2021 - Novacyt (EURONEXT GROWTH: ALNOV; AIM: NCYT), an international specialist in clinical diagnostics, announces an update on its supply contract with the UK Department of Health and Social Care (DHSC) and provides an unaudited trading update for the three months ended 31 March 2021.



DHSC contract



On 29 September 2020, Novacyt announced a second supply contract with the DHSC for exsig® COVID-19 Direct kits and other products. In the full year trading update announced on 29 January 2021, Novacyt explained it was in active discussions with the DHSC regarding an extension of the supply contract. Unfortunately, an extension has not been agreed, although the Company supplied PROmate™ in Q1 2021 in accordance with DHSC demand. Regrettably, the parties are now in dispute regarding the contract, which may have a material impact on Q4 2020 revenues. However, the Company has taken legal advice and believes it has strong grounds to assert its contractual rights.

Is that 6 years as the debt is wrote off.
I'm a believer but I won't be around then.

@bluelight I don't think there is a time limit. It generally comes down to who wants to resolve it so that they can move on. Obviously in most cases against UK plc it will be the company/contractor as their funds aren't infinite. So they can either settle or take it to court. If it goes to court & win then then there could also be the interest on top. If they choose to enforce it.
Obviously the unpaid invoices can't be left unpaid forever. Especially as they are withholding payment from some goods delivered that aren't even in dispute.

A few years old but link below describes the ADR process & how the UK gov are a great advocate.
https://www.hoganlovells.com/~/media/hogan-lovells/pdf/client-note-on-adr-in-england-and-wales-2017.pdf?la=en

https://coronavirus.data.gov.uk/

Couple of new videos on youtube
https://www.youtube.com/watch?v=FEe66pMeIT8

https://www.youtube.com/watch?v=1NxloVidGo8

The trading pattern is almost complete if you believe in charts.

They have to bite the bullet and engage with the shareholders soon. Take the hit now and maybe the AGM in September will pass without incident.

Old news but adds more evidence to the connections between certain companies.
https://www.businessweekly.co.uk/news/biomedtech/11091-lab21-buys-plasmatec

Lab21 was later sold by Novacyt to become Cambridge Clinical Labs
Evans , Mullis & Cooke

https://www.cambridge-news.co.uk/news/cambridge-news/easyjet-jet2-tui-ryanair-ultra-21098556.amp?utm_source=twitter.com&utm_medium=social&utm_campaign=sharebar&__twitter_impression=true

@Bluelight . It's been 10 day's since Wembley. I think it could be grim reading.

in favour of increased testing is a big step. Just hope the increased testing required is available.

https://www.gov.uk/government/news/self-isolation-to-be-eased-for-fully-vaccinated-adults-in-step-4
From 16 August, double jabbed individuals and under 18s will no longer need to self-isolate if they are identified as a close contact of someone with COVID-19, and instead advise people to take a PCR test. Positive cases will still need to self-isolate.

https://www.bmj.com/content/374/bmj.n1830
NHS staff who have been notified as being a close contact will be required to take a PCR test. If negative they can return to work but must take daily LFT test's & be negative for 10 days. I think this relates to "essential staff" , make up your own mind who that includes.

https://digital.nhs.uk/data-and-information/publications/statistical/nhs-workforce-statistics/march-2021
We're all aware that the NHS is the largest employer in the country. More than half of NHS employees are clinical staff. Over 600,000. I would class these as essential staff.

https://digital.nhs.uk/data-and-information/publications/statistical/nhs-sickness-absence-rates/february-2021
Some stats on staff absence. Hopefully the majority are all double jabbed & the absence due to direct covid infection should drop dramatically, but with a lot more social mixing going on how many will become close contacts.

As someone said earlier. breakout the q16 & q32 as a 1 test DNA Fudge or Samba aren't going to cut it.

Audries? I thought they were all Sheila's down under.

https://www.varsity.co.uk/news/21347
Excalibur took over the testing facilities at Cambridge Lighthouse. Wonder if they may be asked to take up some slack in the system.

https://www.aeroprofessional.com/pcr-tests/

Temuchin link below. Deeks on from approx 2:06:00
https://www.bbc.co.uk/sounds/play/m000xyx2

http://check.ourbsp.com/testing/

Are you sure james
https://www.nph-group.co.uk/newcastle-airport-fit-to-fly-faqs/
What tests are available?
Answer Primer Design Genesig........

Correct Kaeran especially as the government only promised to supply free testing till the end of August. Private sector testing will take off (literally).

https://shop.minton.group/