SkinBioTherapeutics (LSE:SBTX), the AIM-listed skin health specialist based in Newcastle, has engaged FRP Advisory to carry out an independent forensic review into previously disclosed matters. The move is intended to bring clarity to outstanding issues and support the timely publication of interim results.
The board has appointed new Non-Executive Director and Audit Committee Chair Alyson Levett to oversee the investigation process. Her role will include supervising the review on behalf of the board and ensuring appropriate governance standards are maintained throughout. Management said the objective is to conclude the process as swiftly as possible so that financial reporting can proceed with confidence and focus can return to operational priorities and growth initiatives.
SkinBioTherapeutics continues to pursue expansion both organically and through acquisitions in complementary skincare and cosmetic segments, aiming to widen distribution channels, extend geographic reach and enhance manufacturing capabilities. The group seeks to apply its platform technologies across multiple skin health categories while leveraging consolidation opportunities to strengthen routes to market for its proprietary brands.
From an investment standpoint, the company’s profile remains challenged by weak technical momentum and a pronounced downtrend in the share price, alongside ongoing losses and negative cash flow. These factors are partly balanced by strong revenue growth and what management describes as a relatively prudent balance sheet.
More about SkinBioTherapeutics
SkinBioTherapeutics is a UK life sciences company focused on dermatological health, built around its proprietary SkinBiotix technology originating from research at the University of Manchester. Its activities span cosmetic skincare and gut-skin axis supplements, marketed under brands including SkinBiotix and AxisBiotix, as well as Zenakine through a partnership with Croda. Products are distributed directly to consumers online, via Amazon and through selected Superdrug stores.
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