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Patisserie Holdings PLC   -  CAKE   

Further Trading Update

Released 13:53 10-Oct-2018

RNS Number : 6281D
Patisserie Holdings PLC
10 October 2018
 

THIS ANNOUNCEMENT CONTAINS INSIDE INFORMATION

 

For immediate release

 

10 October 2018

 

Patisserie Holdings plc

Further trading update

 

Patisserie Holdings plc (AIM: CAKE) ("PH", the "Company" and together with its subsidiary undertakings, the "Group") announces that, further to the Company's announcement made earlier today, the board of directors of the Company (the "Board") has today become aware that a winding up petition  in respect of Stonebeach Limited ("Stonebeach") was filed at The High Court of Justice,  Companies Court on 14 September 2018 (the "Petition").  Stonebeach is the Company's principal trading subsidiary.

The Petition relates to sums due to HM Revenue & Customs ("HMRC") of approximately £1.14 million with a hearing date listed for 31 October 2018. The Petition was advertised in the London Gazette on 5 October 2018. The Company and its advisors are in communication with HMRC with the objective of addressing the petition.

The Company continues to engage with its professional advisers to understand better the financial position of the Group and will make further announcements in due course.

Enquiries:

Patisserie Holdings PLC

+44 (0)121 777 7000

Luke Johnson, Executive Chairman


Paul May, Chief Executive Officer


 

Nomad and Broker


Canaccord Genuity Limited

+44 (0)20 7523 8000

Chris Connors


Henry Fitzgerald-O'Connor


 

Financial Public Relations


Maitland

+44 (0) 20 7379 5151

Sam Cartwright


Jonathan Cook


 

 

 


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Further Trading Update - RNS