Markerstudy seeks investment ahead of loan deadline
The directors say it is “business as usual” and payments to Qatar Re have been factored into its strategy ahead of having to pay back a £217.3m loan as it also awaits approval for Co-op deal.
Auditor RMS has cast doubt on Markerstudy Insurance Services’ (MISL) ability to continue to trade as a going concern in its results for the year ending 31 December 2018.
The auditor disclosed that the group had net assets of £6.6m at the end of the year which included debtor balances of £310.9m and that MISL “will rely on the ongoing support of the parent company to continue to trade and meet its liabilities as they fall due”.
The auditor said the figures reported “indicate that a material
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