Firm had been hoping to release 2020 results before next month

NMCN has said it will miss another deadline to publish its delayed 2020 results which are required to secure a rescue deal.

Last month, the firm said it hoped to complete its refinancing with would-be white knight Svella, a firm which specialises in rescuing stricken firms, by the third week of November.

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Publication of NMCN鈥檚 annual results from last year have been repeatedly delayed

It had hoped to publish its 2020 results as well as its latest interim results by 1 November so a prospectus for the refinancing could be published beforehand and ahead of the being completed by 19 November.

But in an update to investors, the firm confirmed 鈥渋t has become apparent that the group will be unable to approve the audited financial statements within the extension period set out in the company鈥檚 announcement on 24 September 2021鈥�.

In last month鈥檚 announcement, NMCN said its bank, Lloyds, had agreed to extend the firm鈥檚 拢11.8m overdraft until 5 November.

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