Late 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.

Share

Subscribe to get your daily business insights

Resources & Whitepapers

Why Professional Services Firms Should Ditch Folders and Embrace Metadata
Professional Services

Why Professional Services Firms Should Ditch Folders and Embrace Metadata

3y

Why Professional Services Firms Should Ditch Folde...

In the past decade, the professional services industry has transformed significantly. Digital disruptions, increased competition, and changing market ...

View resource
2 Vital keys to Remaining Competitive for Professional Services Firms

2 Vital keys to Remaining Competitive for Professional Services Firms

3y

2 Vital keys to Remaining Competitive for Professi...

In recent months, professional services firms are facing more pressure than ever to deliver value to clients. Often, clients look at the firms own inf...

View resource
Turn Accounts Payable into a value-engine
Accounting Firms

Turn Accounts Payable into a value-engine

3y

Turn Accounts Payable into a value-engine

In a world of instant results and automated workloads, the potential for AP to drive insights and transform results is enormous. But, if you’re still ...

View resource
Digital Links: A guide to MTD in 2021
Making Tax Digital

Digital Links: A guide to MTD in 2021

3y

Digital Links: A guide to MTD in 2021

The first phase of Making Tax Digital (MTD) saw the requirement for the digital submission of the VAT Return using compliant software. That’s now behi...

View resource