Close call as Llangollen Railway pic narrowly avoids voluntary arrangement

摘要

LLANGOLLEN Railway plc has averted the need for it to enter into a Company Voluntary Arrangement (CVA) with its creditors after its management confirmed it has received significant donations to help the group through a financial crisis. The plc board had considered entering in to a CVA to allow the company time to pay its creditors after finding itself in what it described as a "difficult financial position"following a £330,000 loss during 2018.