The Walker Crips Group’s chief executive Rodney FitzGerald said: ‘Like many other companies in our sector we have suffered from FSCS tariff data confusion over the past two years. We misinterpreted the guidance on FSCS tariffs and immediately contacted the FSA as soon as we realised the likely outcome.
A statement to the London Stock Exchange this morning announced the company made top-ups to previous FSCS levy payments for the years to the end of March 2011 (£230,00) and again for 2012 (£210,000).
The same statement added that because the underpayments relate to previous financial years, the company accounts for the year ending 31 March, 2013, will include an adjustment retrospectively.
The board confirmed that settling these amounts will not have a material impact on the company’s financial position.
