Glasgow-based fashion firm Quiz plc said on Monday it requires “additional time” to prepare its audited results for the year ended March 31, 2024.

In a stock exchange statement, the Glasgow firm said: “Quiz, the omni-channel fashion brand, provides an update on its audited results for the year ended 31 March 2024.

“Although the audit is substantially progressed, the company and its auditor require additional time to complete procedures and accordingly the results are now expected to be published in the second half of August.”

On June 27, Quiz said its revenues for the period from April 1 to May 31, 2024, amounted to £13.8 million, a £1.7 million reduction on the prior year period.

The firm also confirmed on June 27 its £4 million bank facilities have been renewed for a further 12 months to June 30, 2025. There are no financial covenants applicable to these facilities.

In March, Quiz appointed chief commercial officer Sheraz Ramzan as its new CEO amid an ongoing review of strategic options led by non-executive chairman Peter Cowgill.

Cowgill, former executive chairman of Bury-based FTSE 100 retailer JD Sports Fashion, agreed to take on a more active role in supporting Quiz through to the conclusion of the review of strategic options.