Deloitte has raised ‘going concern’ issues about JJB Sports’ interim
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
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.
Three new partners and seven business restructuring advisers have been appointed to the new Preston office
Political and economic uncertainty behind the fall in confidence
Just Racing Services, operating company of the Manor Racing Formula One team has entered administration
Last year 16 oil and gas companies became insolvent, finds Top Ten firm Moore Stephens