2 November 2018 – tax demand
The group has received another tax demand for landfill tax in the sum of £18.4m for its Augean South subsidiary. As before the company has said that it will fight the bill which is in addition to the demand for £10.5m issued to Augean North last month. Although the company believes that these demands are without merit it is not possible to recommend the shares with this uncertainty hanging over the company. They therefore remain a HOLD.