A combination of factors have contributed to a weaker than expected trading performance in Q2, which has continued into Q3. While some are outside their control, several actions have been taken to improve liquidity to fund ongoing marketplace investment and working capital. A new Loan Note in particular addresses any immediate liquidity risk, albeit c10% dilutive. If the action plans are well executed, the business should get back on track for FY Jun’23.
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Focused on w/c after tougher trading since Dec’21
- Published:
31 Mar 2022 -
Author:
Matthew McEachran -
Pages:
3
A combination of factors have contributed to a weaker than expected trading performance in Q2, which has continued into Q3. While some are outside their control, several actions have been taken to improve liquidity to fund ongoing marketplace investment and working capital. A new Loan Note in particular addresses any immediate liquidity risk, albeit c10% dilutive. If the action plans are well executed, the business should get back on track for FY Jun’23.