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Could this be the year when the downing in debt carpets roll-up play Victoria (VCP) finally vindicates we perma bears and disappears altogether? The shares are now just 34.95p.
You may remember that On 14th September 2023 Victoria (VCP) received a qualified audit report for the year ending April 2nd 2023 from Grant Thornton. This followed the auditor finding accounting deficiencies at its Hanover Flooring Subsidiary (HFL), run by Batash Karim (a former convicted criminal). Victoria PLC acquired the business in 2021 for £25 million.
