黑帽快排API网关|【唯一TG:@heimifeng8】|电报盗号系统全功能破解技术✨谷歌搜索留痕排名,史上最强SEO技术,20年谷歌SEO经验大佬✨Unbound update shows Hotter owner still has options as trading improves
Sandra Halliday Published
June 27,黑帽快排API网关 2025
Unbound Group, owner of the Hotter footwear brand, issued an update on Tuesday that said it has seen a “recent encouraging trading performance” and is mulling an equity fundraise.
The company is under heavy pressure after its ambitious plan to transform into the operator of a multi-brand platform was hurt by weak trading this year and the failure of two potential rescue plans.
On Tuesday it confirmed rumours that no potential offers for the company “that the board considered capable of receiving shareholder and wider stakeholder support” have been received.
It has therefore announced the end of the formal sale process and said Interpath, its joint financial adviser, continues to run its strategic review.
It added that “offers within this process continue to be received and reviewed, however, these offers may result in little or no recovery of value for the company's existing shareholders”.
Importantly, it said: “In light of the recent encouraging trading performance of the group, as an alternative to the indicative proposals being progressed as part of the strategic review, the board is also assessing the feasibility of an equity fundraise of between £1.5 million and £2 million to support implementation of a formal restructuring plan, with a view to securing a better outcome for the group.
“The board is engaging with certain of the group's major shareholders and has received some positive feedback at this early stage, with a view to procuring broader participation in the equity fundraise.”
If it goes ahead with raising money in this way, it will include an “open offer element to enable participation by the company's wider shareholder base on equal terms”.
As mentioned, trading seems to have improved after a very tough start to the year, although its revenues continue to be affected by “liquidity constraints”.
It’s reliant on the waiver of certain covenants under existing borrowing facilities and “continues to maintain constructive dialogue with its core banking partners who have continued with their support throughout this period”.
The company said Tuesday that the board is “encouraged that the profitability of the business in recent months has been in line with [its] expectations.The positive impact on the profitability of the group of the implemented cost reduction measures is now becoming increasingly evident in its financial performance”.
In the first four months of the current financial year, its fixed cost base has also been reduced by 9% year on year, “with this saving expected to increase as additional cost reduction actions take effect”.
Following the seasonally loss-making months of February and March, it generated unaudited EBITDA (pre-IFRS 16) of approximately £1.1 million for April and May combined, an EBITDA margin of 14%, an improvement from 9% in the prior year period. Overall for the first four months of the financial year, the group is at EBITDA breakeven.
Of course, that doesn't tell us where the group might be in a year's time, but it does at least appear that it hasn't run out of options.