Network seeks investors after posting £106k pre-tax loss

The directors of the network said in its latest accounts they were "in discussion with a third party over a potential investment into the group" after admitting cashflow requirements and a recent regulatory recruitment ban cast doubt about the company's ability to continue trading. Financial's auditors Nexia Smith & Williamson warned the firm may not be able to continue to operate if it does not secure an investment that will "satisfy its commercial and regulatory capital requirements". The network was subjected to a landmark recruitment ban of four and a half months by the regulator ...