Tag: FOREIGN EXCHANGE

Travelex Auditors Express Concern Over Company’s Financial Future Amid Sale Process

Dec 2, 2024

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by

Amir El-Sayed

in general invests

KPMG, Travelex’s auditors, have raised alarms about the company’s financial future amid a sale process, citing a dependency on extending £324.8 million in notes by May. Without this extension, Travelex may be unable to meet a £90 million financial obligation, raising doubts about its ongoing viability as a business. Travelex’s auditors have expressed serious concerns…