END GAME19 Dec 2023 10:34
As NYB states, Minoan have come to the end of the road.
Their financial year ended in October.
Auditors require assurances to designate both Loyalward and Minoan as going concerns.
As neither has any cash prospects look bleak indeed.
£3.9 million is required + other financial agreements before even the short 40 year lease will be activated.
So, Minoan have no money, no lease, no annotated inventory , no revenues, no staff and certainly no momentum.
They do however entertain 14 (YES FOURTEEN) Directors to carry the burden of taking the project forward.
SELL !!