BusinessBusiness RecoveryDeloitte issues ‘going concern’ warning about JJB interims

Deloitte issues 'going concern' warning about JJB interims

Deloitte issues 'going concern' warning over JJB interims

Deloitte has raised ‘going concern’ issues about JJB Sports’ interim
statement.

The firm stated in its review of its client’s interim figures that there were
material uncertainties about the company’s ability to continue as a going
concern.

These included the availability of its banking facilities given ‘actual and
projected covenant breaches’; its ability to repay its bridging loan; and the
achievability of its forecasts.

JJB said it ‘refutes on advice’ the allegation that it is currently in breach
of the £15m covenant, reported the Daily Telegraph.

JJB Sports’ PR advisers were unavailable at the time of writing.

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