Engineering group acknowledges ‘material uncertainties’ as debt hits £1.2bn
Engineering group Doncasters remains optimistic about its prospects despite ballooning debt, accounting irregularities in its Chinese operations and the recent collapse of its planned sale.
Doncasters' directors acknowledged "the existence of material uncertainties, which may cast significant doubt on the group's ability to continue as a going concern", but remain confident it has sufficient headroom in its banking facilities.
The weakening of sterling increased the debt owed by engineering group Doncasters by more than £100m a... You can carry on reading TheBusinessDesk.com for free, but you have reached the maximum number of pages an unregistered user can view. To register for an account, click here or login below...
