Monarch’s auditor has flagged the viability of the business, warning that there remains a “material uncertainty” about the company’s ability to continue as a going concern, TTG has learned.
Monarch Holdings Limited’s accounts for the year ending October 31, 2014 were released at Companies House last weekend, documenting the full extent of its “annus horribilis” for the first time.
They show that the company made an operating loss before exceptional items of £94 million during this period, although turnover actually increased by 3.5% to £990 million.
Monarch results show ‘material uncertainty’
Operators
TTG Staff
17 June 2015
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