Re Abingdon27 Apr 2021 08:20
The trading statement if read fully is quite worrying even though it is not ODX. We are somewhat tied up with their fortunes. Not only is the statement a profit warning this is the most concerning part I lifted from it.
Department of Health and Social Care contract
As previously noted, the Company's supply contract with the DHSC expired on 14 February 2021. The Company has still not been able to establish from the DHSC when the outstanding debts in relation to this contract will be paid, as well as other monies owed in relation to the procurement of components on the DHSC's behalf by Abingdon. As at 27 April 2021, Abingdon has outstanding invoices with the DHSC totalling £6.7m (including VAT)
The question is will ODX be stung by an over reliance on an unreliable government that makes the rules up as it goes along and has scant regard for keeping its word?