Results for the six months ended 30 June9 Sep 2020 08:29
Liquidity continued to strengthen despite the impact of covid-19, with net cash balances throughout almost all of the half-year, despite significant merger payments, with period end net cash***** Β£7.2 million, which, of course, excludes the Β£113 million net proceeds of the share placing which took place in July. Our revolver facilities have been increased to approximately Β£70 million from approximately Β£31 million, although our actual cash flows have exceeded even the most optimistic forecasts made at the peak of the covid-19 crisis in late March.