Legal firm faces "material uncertainty" after publishing overdue accounts

UK law firm Pogust Goodhead has disclosed a £95 million 2023 loss, £604 million in net liabilities, and a “material uncertainty” over going concern as auditors flagged reliance on further external funding, despite the firm having secured $552 million plus a $65 million top-up from Gramercy Funds Management to finance its long-running mass tort portfolio, including the BHP dam litigation.

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