Carlisle-based agriculture and engineering firm Carr’s Group confirmed on Wednesday that its shares will be temporarily suspended with effect from 7.30am on January 4, 2023, amid a delay to the publication of its audited results for the year ended September 3, 2022.

“As announced on 22 November 2022, following a thorough exploration of all options for completing a second audit of Carrs Billington Agriculture (Operations) Limited in order for the company’s auditors, Grant Thornton UK LLP (GT), to be satisfied that the Financial Reporting Council’s independence requirements would be met, the company and GT concluded that it would not be possible for the company to publish its audited financial statements for FY22 by 3 January 2023,” said Carr’s in a stock exchange statement.

“As, under the Financial Conduct Authority’s (FCA) Disclosure Guidance and Transparency Rules, the company is required to publish its audited FY22 Results by 3 January 2023, the company confirms that it has now requested, and received confirmation from the FCA, that the listing of the company’s ordinary shares of 2.5 pence each will be temporarily suspended with effect from 7.30 a.m. on 4 January 2023.

“The company will continue to work closely with GT to ensure that the FY22 Results are published as soon as possible in January 2023.

“The company will request a restoration of the listing of its ordinary shares on publication of its FY22 Results.

“The board confirms that the unaudited performance for FY22 was in line with its expectations and ahead of the prior year.”