11th Oct 2018 13:33
LONDON (Alliance News) - Patisserie Holdings PLC on Thursday said it requires "immediate" funding to keep going, with there being a significant difference between the true and reported financial state of the company.
Patisserie said: "Without an immediate injection of capital, the directors are of the view that there is no scope for the business to continue trading in its current form.
"As a consequence, the directors and the company's professional advisers are assessing all options available to the business to keep it trading and will update the market in due course."
On Wednesday, the Patisserie Valerie owner reported "significant and potentially fraudulent" accounting irregularities, with shares suspended from trading from London the same day.
Chief Financial Officer Chris Marsh has been suspended, though the company stressed there is no accusation of wrongdoing on his part at this stage.
Related Shares:
Patisserie Holdings Plc