Fresh confusion arose today over the financial position of listed firm Ince after it announced yet another delay to the publication of results for the year to 31 March 2022. 

In an update to the London Stock Exchange this morning, Ince Group plc said: Unfortunately, the group’s auditor, BDO LLP, has not yet completed its work and in particular, there are matters outstanding with the audit in Hong Kong, which has taken longer than anticipated.’

It is the fourth such announcement made by the company in three months. Shares the group were suspended at the beginning of the year when the company said it had encountered ‘historic and legacy accounting’ issues wich needed more time to audit. Since then it has failed meet promised deadlines for the end of January, 10 February and 24 February. 

In its latest previous update, the company said last month it expected to publish the results ‘in early March’. Today’s announcement states: ’A further announcement will be made as soon as possible once the audit is complete and the results are available.’

Under the rules of the stock exchange’s Alternative Investment Market, a company can suspend share trading for up to six months while retaining its listing. 

 

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