finance
Tortilla Mexican Grill delays 2025 results after £2.5 million accounting error
The hospitality company will miss its June 30 deadline for annual results due to an ongoing review of spending in its French business. Shares on London’s AIM market will be suspended from Wednesday.
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Tortilla Mexican Grill said it will not meet the Tuesday June 30 deadline for its 2025 annual results because a review of accounting issues in its French operations is still underway. The company disclosed last month that £2.5 million of spending in France had not been recorded through the profit and loss account, reducing previously reported earnings by that amount.
Auditors are reassessing the group’s accounts as part of the review.
Share suspension As a result of the delay, shares on London’s junior AIM market will be temporarily suspended from Wednesday. The company said the suspension is limited to the French review and audit. The board stated it considers the extra time necessary to complete the review within the year-end audit rather than meet the original timetable.
It added that the step reflects a commitment to strengthened financial controls and to preventing recurrence of the issues identified in France.
Trading outlook The company said trading in the UK remains strong, with robust like-for-like sales across its French stores. It added that it will publish the annual accounts as soon as possible once the audit is completed and remains confident in the prospects of the core business.
