Peter Rae
The auditors of beleaguered toy maker Funtastic have warned there is “significant doubt” that the company can continue as a going concern after it slumped to a bigger-than-expected annual loss.
But the company’s chief financial officer, Grant Mackenzie, insists it is now on a much stronger footing after deep costs cuts and restructuring, and says its banking arrangement is no longer subject to covenants.
“This is the first financial year period where I haven’t had to go to the bank and get waivers and cov…
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