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Booths faces financial review

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Independent grocery chain Booths set to undergo a financial review after nearly breaching its loan terms, which could force its owners to make additional payments into the business in order to ­retain control. According to The Telegraph , senior lenders the Royal Bank of Scotland and HSBC have ­instructed accountants Grant Thornton to complete an Independent Bank Review of Booths. This type of review often leads to owners of a company being forced to making a one-off payment to prevent the banks taking control of it.

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Booths faces financial review

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