An article in the Times business pages on Friday 5 February 2010 claimed that JLA had appointed Cavendish Corporate Finance to oversee a sale.

However, a spokesman for the company this week dismissed the story as “factually inaccurate”, adding that JLA’s owner John Laithwaite had approached Cavendish Corporate Finance regarding a “possible re-financing package” only.

Attempts to contact Mr Laithwaite for further comment were unsuccessful.