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Lombard Capital PLC - Trading Statement
PR Newswire
Trading Statement
The Directors wish to advise Shareholders of the following trading statement for the quarter ended 31 March 2021.
During the 3 months to 31 March 2021 the Company incurred a loss of £268,177, principally due to bond and other finance costs. The company as at today s date has £11,740 of cash at bank with a further £100,926 due to be received imminently.
As a result of the ongoing loss and all existing bonds and interest due for repayment on 31 January 2022, the Company continues to be dependent upon its ability to raise funds through directors loans, the issue of further bonds with a longer maturity profile, shares and conversion of warrants and other assets in order to meet operational costs and liabilities. As announced earlier this week loans of £128,000 have been provided by the directors of Lombard to the Company s wholly owned subsidiary, Waste and Recycling Solutions Limited.