McColl’s has failed to publish its latest set of annual results as reports continue that its on the “brink of collapse“.

The convenience chain confirmed it wasn’t in a position to publish its yearly report for the year ended 28 November 2021 earlier this week, as originally intended.

“The delay reflects the need for a conclusion to discussions with key stakeholders around a potential financing solution for the business,” a statement read.

“As these discussions remain ongoing, the board has concluded there is now insufficient time in order to meet the current deadline for filing these results under the listing rules.”

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The firm also revealed it is expecting to request shares be temporarily suspended with effect from 1 June.

The news comes a week after the firm admitted refinancing is unlikely to benefit current shareholders after a weaker than expected performance over Easter.

McColl’s added “further announcements will be made as and when appropriate”.

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