MBL, the UK distributor of home entertainment products, is reviewing the investment requirements of all parts of the Group in light of the pressure on working capital.
This has been hindered by the loss of credit limits and bank facilities which it reported earlier this year.
However, the Group has cash balances of £0.8m and its immediate aim continues to be to stabilise its operations.
MBL has substantially downsized to respond to the challenges of operating within the home entertainment market which resulted, as previously announced, in the disposal last month of Global Media Vault and MBL Guernsey.
At 12:53pm: (LON:MUBL) share price was -2.5p at 5p
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