The future of Loseley ice cream manufacturer Hill Station was hanging in the balance today after shares in the premium ice cream manufacturer were suspended from trading, for the second time, yesterday.
A cash crisis saw shares suspended in the premium ice cream manufacturer in November 2006, leading to the resignation of founders Charles and Gina Hall in January last year.
But after the resignation of the group's nominated adviser, Dowgate Capital, this Wednesday, trading on the Alternative Investment Market – London's junior stock exchange – ceased at less than 0.1p a share. Exchange rules state that companies cannot trade on AIM without a nominated adviser or ‘nomad’.
Finance director Robert Alstead quit earlier this week.
Last year Hill Station racked up losses of more than £750,000.