Where has the money gone?29 Jun 2018 15:09
Millions of pounds have been paid as quarterly interest payments. Where has it gone? How can one relatively small company rack up so many debts? Loans taken out on ruinous terms, fines, charges, write offs, write downs, impairments, losses - OMG. And slipped into the end of the accounts is the really bad news:
'The uncertainty in relation to subsequent receipts in the second half of 2018 does not give rise to a significant doubt in relation to the Group and Company's ability to continue as a going concern.'
What a relief to know that we will still be a 'going concern' in the second half of 2018 - when the last payments dry up. This company has awarded itself a license to squander shareholders money and it looks as though they plan to continue doing just that.