10th Jul 2025 13:21
(Alliance News) - Carclo PLC on Thursday said it will delay the publication of its audited financial results for the year ended March 31, 2025, after its auditor requested more time, and warned that its shares are likely to be suspended from trading as a result.
The Surrey, England-based provider of high-precision components said Forvis Mazars LLP informed its audit committee that additional time is needed to complete audit procedures.
Carclo said it has not been made aware of any significant issues in the accounts and is working to conclude the process swiftly.
Due to the delay, Carclo expects its shares will be temporarily suspended from listing and trading on August 1, until the audit is completed and the annual report is released.
In a trading update, Carclo reaffirmed that results for the year exceeded expectations, with strong margin expansion in the second half and a sharp fall in net debt.
Net debt, including leases, narrowed to GBP19.3 million at the end of March, down from GBP29.5 million a year earlier. The company said it anticipates further margin gains as operational optimisation continues to improve performance across its business units.
Shares in Carclo were down 3.2% at 46.45 pence in London on Wednesday.
By Eva Castanedo, Alliance News reporter
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