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Internal Control

The Board acknowledges its responsibility for establishing and monitoring the Group’s systems of internal control.  Although no system of internal control can provide absolute assurance against material misstatement or loss, the Group’s systems are designed to provide the Directors with reasonable assurance that problems are identified on a timely basis and dealt with appropriately.  The Board regularly reviews the effectiveness of the systems of internal control and considers the major business risks and the control environment.  The Board is accordingly satisfied that effective controls are in place and that risks have been mitigated to an acceptable level.