Print Group's Future in Danger; Auditor Highlights 'Fundamental Uncertainty' Over Pillans & Waddies' Going Concern Status
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Summary
PILLANS & Waddies, Scotland's biggest printing group, appears to be in danger of collapse. The firm has admitted that its future is dependent on the continuing support of its bankers, Bank of Scotland, and an improvement in trading conditions.
The directors are also relying on the trustees of its deficit- stricken pension scheme taking no action, after the company failed to stump up its full share of contributions last year.See the full content of this document
Extract
Print Group's Future in Danger; Auditor Highlights 'Fundamental Uncertainty' Over Pillans & Waddies' Going Concern Status
Pillans & Waddies was formed in 2003 from a merger between Pillans & Wilson, which went into receivership in 1999, and Waddies, which ran into financial problems ...
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