17 July 2023 - trading update
The homeware brand company has announced that it expects its debt at the year end of 31 July to be significantly lower than market expectations at £21m. The expected debt level is £15m and the decline is due to better working capital management and the phasing of trading in the second half of the year. Current trading remains in line with expectations, but with interest rates on the rise the fact that the company has lower debt and has also hedged some of its debt will benefit the group in the next financial year. Although . . .
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