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The company said it will commission a “forensic review” of its systems to identify and rectify any underlying issues. It said it expects to return to profitability in the 2019 financial year,
“Our booked revenue from new sales remains strong and contracted revenue for 2019 is already £67 million as at the end of September 2018.
“We have improved internal controls around working capital management and the board is absolutely focused on restoring the profitability of the business.”