Shares in Venue Solutions have been suspended because it will not be able to bring out its full year results by the end of May 2009.
At the suspension price of 0.53p a share, Venue Solutions is valued at £370,000.
Finance director Mark Boughton is leaving Venue Solutions and the company blames this, and a lack of visibility of earnings, for its inability to bring out its annual results to November 2008 in a timely manner.
The outcome of the application to remove the receiver of 53%-owned Your Day Inc has still not been announced. The judgement is expected in the near future. However, the proceedings in the US have stopped Your Day generating revenues from Alton Towers.
Venue Solutions has no debt and it intends to restructure of its business. Your Day should then be able to start generating revenues at Alton Towers and other sites.
© 2022 Aim Micro. All rights reserved. This material may not be published, broadcast, rewritten or redistributed.