Auditors raise fears for Pigsback

THE future of Empathy Marketing, the company behind the pigsback loyalty brand, has been questioned by its auditors in its latest accounts.

The company’s accounts show a loss of €5,077,433 for the year ending in December 2008, with net liabilities of €1.6m, compared with a profit of €352,000 the previous year.

Auditors Deloitte said such losses “cast significant doubt about the company’s ability to continue as a going concern”.