DX Group is to take a close to £2m profit hit after an accounting error relating to the treatment of a leasehold property. In a statement, the embattled operator said that during the preparation of its final result for the year ended 30 June 2017, it had “become aware of an incorrect application of accounting policies relating to lease incentives on one of its sites”. “Following appropriate application of the policies, there will be a non-cash impact of £1.8m to […]
Knights of Old delivered a “strong financial performance” in the year ended 31 May 2016 despite challenging market conditions, according to its annual report.
Birds Groupage Services’ auditor has raised concerns over the future of the loss-making company.
Stobart Group has entered the savings market with a new six-year retail bond. The retail bond is aimed at small investors, and will yield a fixed-rate of 5.5% per annum, while providing Stobart with another funding stream. Well known retail brands names such as Tesco, John Lewis and National Grid already market bonds, which offer investors relatively attractive interest rates in exchange for tying up their money. Stobart bonds will available to buy and trade on the London Stock Exchange, […]