The board of the loss-making UK Municipal Bonds Agency (MBA) has warned the company faces an uncertain future.
Financial statements for the Local Government Association (LGA) backed firm, which recorded a £650,000 loss before tax in the year ended 30 November 2020, concluded there was a ‘material uncertainty that may cast significant doubt on the company’s ability to continue as a going concern’.
Want full article access?
Receive The MJ magazine each week and gain access to all the content on this website with a subscription.
Full website content includes additional, exclusive commentary and analysis on the issues affecting local government.
Already a subscriber? Login