Struggling listed firm Ince has missed its fourth deadline for publishing financial results for the year to 31 March 2022, it admitted today.

In an update to the London stock exchange, Ince said that its auditor, BDO LLP, 'has raised further queries in the final stages of quality control in relation to historical accounting treatments which have been addressed. Consequently, BDO now requires further time to complete its audit procedures.'

The group now expects to publish the 21-22 results in early March.  

Shares in Ince Group plc were suspended at the beginning of the year when the company said it had encountered ‘historic and legacy accounting’ issues wich needed more time to audit. Since then it has failed meet promised deadlines for the end of January, 10 February and 24 February. 

Shares remain suspended at 5.15p, having traded at 32p at the beginning of 2022. Last year was a tumultuous one for the Ince Group, which listed on the alternative investment market in 2017. In 2022 it had to raise around £7m by issuing new shares to avoid ‘financial difficulties’ and deal with the aftermath of a cyber attack which cost an estimated £4.9m.

 

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