Jaywing PLC's (AIM:JWNG) shares dropped 40% due to concerns over its financial health after the marketing and data science company reported weak performance in its UK consulting division, which was expected to be a key cash generator.
This underperformance during the summer has placed significant strain on the company’s working capital.
Jaywing is now in discussions with its shareholder lenders to secure additional financial support to complete its restructuring.
In early trading, the stock was off 0.9p at 1.36p.