£1m of delayed customer payments for exploration business

Exploration business Getech was hit with cash flow issues due to £1m of delayed customer payments in the financial year it implemented its restructure at a cost of £500,000 and made M&A payments of £500,000.

The Leeds-based minerals and oil and gas exploration group issued a trading update this morning which said that it had experienced delayed customer payments of £1m. These payments have now been made and the current cash balance now stands at £2.4... 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...