Quintessentially, the luxury lifestyle concierge service, warns of 'material uncertainty' regarding its ability to continue as a going concern, despite higher sales and reduced losses.
New financial statements show Quintessentially faces a £15 million loan repayment in February to World Fuel Services, which has indicated its ongoing support and confidence in its operations.
Despite optimism for profitability tied to increased revenue and cost cuts, Quintessentially faces financial risks and acknowledges that external funding may prove elusive if performance dips.
The company has encountered issues such as accounting errors and legal challenges from HMRC amid restructuring, underscoring ongoing uncertainties in its operational landscape.
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