Patisserie Valerie, having suspended its shares over a potential fraud, has also warned investors of an HMRC winding up petition it faces over £1.14m in unpaid tax.
HMRC said Patisserie Holding’s principal trading subsidiary, Stonebeach, owes it the money, and has set a hearing date of 31 October to seek a court order to liquidate the firm and its assets.
HMRC advertised the petition last Friday. However, rather oddly, Patisserie’s board said it has only "become aware” of it yesterday.
City AM quotes the stock market update:
“The company and its advisers are in communication with HMRC with the objective of addressing the petition.This does not bode well for Pat Val!
The company continues to engage with its professional advisers to understand better the financial position of the group and will make further announcements in due course.”
Tax does have to be taxing.
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