Sofa Workshop’s auditor has issued a warning that the company may not be able
to carry on trading unless it gets another injection of cash.
The firm said that there was a material uncertainty as to whether the
company, which has 32 stores, could continue as a going concern in the face of
hostile economic conditions.
BDO said that Sofa Workshop had ‘no other finance facilities in place’ in
its accounts: ‘Due to the current economic climate, there is uncertainty as to
whether trading can be maintained at the level necessary for the company to
operate without need for further funding from shareholders or third-party
Political and economic uncertainty behind the fall in confidence
Just Racing Services, operating company of the Manor Racing Formula One team has entered administration
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Team Rock the publication of classic rock is in administration with FRP Advisory