QUIZ announces that it has agreed an extension of its existing banking facilities with HSBC.
The Group confirms that the total bank facilities currently available to it has increased from £1.75m to £3.50m, comprising an overdraft facility of 2.0m and a working capital facility of 1.5m (the “Facilities”).
The Facilities will remain in place until the end of October 2020. There are no financial covenants applicable to the Facilities.
In addition to the Facilities, as at 13 August 2020, the Group had net cash of 5.70m.
Quiz is a British clothing business founded in 1993 in Scotland. In 2017, it had more than 275 shops in the United Kingdom and more than fifty shops in other parts of Europe and Asia.
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