Troubled SFI Group delays results

From The Publican

Start a new thread13-Mar-2003

Related topics: Company & City News

Troubled bar group SFI has delayed announcing interim results for the 28 weeks to December 18, 2002.

 

The company is still reviewing its financial position and in continuing talks with its banks.

 

The company announced the review last October after the discovery of a £20m black hole in the books and news of cash-flow problems.

 

The shares were suspended at the time.

 

Under normal stock market rules, the results must be published within three months.

 

The company also appears to be no nearer appointing a replacement for Tony Hill, the chairman who left the business last year.

 

A spokesman for SFI said: "We do not expect to make an announcement regarding a new chairman any time soon."

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