The cake chain has revealed this afternoon that it is the subject of a winding up order from the UK tax office, which claims the company owes more than £1mln in unpaid taxes.
Speaking to the BBC, a spokesperson for Aberdeen Investments, which holds a 2.9% stake in Patisserie Holdings, said: “This is an entirely unforeseen situation upon which we are unable to comment until the results of the investigation become known.”
It came hours after Patisserie suspended its shares – and its chief financial officer – after discovering a black hole in its accounts, which some reports have speculated could exceed £20mln.
The bakery didn’t give specific details but did warn that the irregularities could lead to a “material change” in its overall financial position, while it said its cash resources had already been “significantly impacted”.
“We are all deeply concerned about this news and the potential impact on the business,” said Johnson, Patisserie’s chairman.
“We are determined to understand the full details of what has happened and will communicate these to investors and stakeholders as soon as possible.”
A full investigation into its accounts is underway, while Patisserie is in discussions with HMRC as it looks to resolve the tax issues.