This is fun

Auditors at PWC and company directors flagged a “material uncertainty” over its ability to continue as a going concern if trade did not improve.

Matches has already twice agreed covenant waivers with HSBC and Wells Fargo.

Apax has injected a further £85m since February last year, according to Companies House filings.

Sales fell by £41m to £392m for the 12 months to Jan 31, while pre-tax losses widened from £5.6m to £36.5m.

Yes, I know, the market is highly granular etc. A boost to the sector does not raise all boats. But imagine running an online retail site that lost sales when online retail near doubled?

2 thoughts on “This is fun”

  1. Maybe it has something to do with them flogging stuff that’s designed and priced for the eternal Showoff Parade in certain circles?

    At an eye-watering €200-400 a shirt you can buy a lot of stuff from Primark, and the webcam is very forgiving in that respect…

  2. Yes, “frocks for going out in once, and that fall apart when you try to wash them” aren’t going to quite sit alongside bog roll, gin and pyjamas in the lockdown online boom.

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