StockMarketWire.com - Goals Soccer Centres requested it shares be suspended after it warned of a material change in its financial position after uncovering a 'substantial' misdeclaration of value added tax, going back 'over several years'.

The final value of the misdeclaration had still to be established, but currently the figure stands at approximately £12.0m, the company said.

The company also expected that the VAT accounting policies they intended to adopt may have an impact on profitability going forward.

The company said the tax liability may lead to a 'material change' in its overall financial position and conceded that it was currently unable to provide clarity to the extent of that impact without the receipt of further information. As a result, the company had requested that its shares be suspended from trading on AIM.'

The board would also like to confirm that trading since 8 March 2019 had continued to be strong in both the UK and US, over the comparable period in 2018.

At 9:26am: [LON:GOAL] Goals Soccer Centres PLC share price was 0p at 27.2p



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