Jaywing plc Provides Earnings Guidance for the Fiscal Year Ended March 31, 2024
The shortfall in UK Consulting revenues pending increased cash receipts from growing UK Agency revenues has increased the strain on the Company's working capital. This, combined with some additional one off costs of further reducing ongoing operating expenses, means the Company intends to enter discussions with its two lenders, DSC Investment Holdings Limited and Lombard Odier Asset Management (Europe) Limited, both of which are represented on the Board, regarding increasing the existing facility it has in place with them.