BusinessCompany NewsLate accounts halt Forest shares

Late accounts halt Forest shares

East Midlands football giants Nottingham Forest has today had its shares suspended from the AIM stock market for failing to report its accounts on time.

The club, understood to be heavily in debt, revealed the suspension in a statement to investors, gave no reason for its failure to publish a profits statement for the year to 31 May.

It warned that the period had been dogged by pre-tax losses and spiralling borrowing costs, problems which had continued in recent months.

Monday’s statement also hinted that the suspension could last for some time, with trade in Nottingham Forest shares not set to resume until the results have been published.

Forest have recently attempted to lighten its debt burden by releasing star players.

Related Articles

M&S business rate liabilities based on £570m rateable value

Company News M&S business rate liabilities based on £570m rateable value

6d Emma Smith, Managing Editor
BDO replaces Deloitte as Mitie auditor

Audit BDO replaces Deloitte as Mitie auditor

4m Emma Smith, Managing Editor
CVR Global appoints partner in London office

Company News CVR Global appoints partner in London office

8m Alia Shoaib, Reporter
FTSE100 failing to provide adequate ethics information

Company News FTSE100 failing to provide adequate ethics information

8m Alia Shoaib, Reporter
Moore Stephens recruits new private client partner

Accounting Firms Moore Stephens recruits new private client partner

11m Emma Smith, Managing Editor
Magma Group announces merger, partner promotions

Accounting Firms Magma Group announces merger, partner promotions

11m Emma Smith, Managing Editor
BDO on ‘recruitment spree’ with multiple partner appointments

Accounting Firms BDO on ‘recruitment spree’ with multiple partner appointments

11m Emma Smith, Managing Editor
Brand strength leads to fee income growth for RSM

Accounting Firms Brand strength leads to fee income growth for RSM

11m Emma Smith, Managing Editor