The executive chairman of Real Good Food has said a "crisis" has helped spark "a radical programme of reform to return it to profitability".
Mike Holt added that the listed group is "not just hunkering down" but that it had been hit by a "perfect storm of rising costs and lower revenues".
The comments come as the group posted a revenue of £15.8m for the six months to the end of September 2022, down from the £19.9m it reported for the same period in 2021. Its pre-tax losses also widened from £1.2m to £3.7m.
