Goals Soccer Centres has warned that annual profits will be "materially below expectations" after the firm uncovered accounting errors as part of a business review.
The East Kilbride-based operator of five-a-side football pitches said the board and its auditors were working to resolve certain accounting errors for the financial year ending December 31 2018.
In addition, they are reviewing some "accounting practices and policies".
Goals also expects 2018 full-year results will be materially below expectations and the reporting date will be delayed.
The news sent shares crashing 28 per cent to 40.5p.
Goals, which has 50 centres including four in the US, said in its statement: "As part of the review of the results for the financial year ending 31 December 2018, the board, together with the auditors, are working to resolve certain accounting errors, and are reviewing some accounting practices and policies."
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It added: "It is likely that the board will take a more prudent approach both for 2018 full year results and going forward.
"As a result, the board now expects the 2018 full year results will be materially below expectations and that the reporting date (previously 12 March 2019) will be delayed."
Non-Standard Finance (NSF) has reported an improved annual performance as it continues its pursuit of rival Provident.
The group saw a 47 per cent rise in revenue to £158.8 million in 2018, while pre-tax losses narrowed from £13m to £1.6m.
Normalised profit, however, rose by 12% to £14.8m as its loan book swelled across all divisions.
Total net loans were up 29% to £310.3m in the period and the impairment rate fell from 27.1% to 25.6%.
NSF said that its underlying results were ahead of consensus forecasts, with operating profits leaping 413% to £19.5m.
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The group reiterated its belief that a £1.3 billion takeover of Provident will "unlock substantial value for all shareholders".
Philip Salter, director of retail lending at the Financial Conduct Authority, said any transformation plans would need to adhere to regulations.
US firm Berry Global Group has secured backing of RPC to take over the British plastic packaging maker in a £3.3 billion deal.
It comes as RPC withdraws a previous recommendation that shareholders accept a rival bid from Apollo.
RPC has opted for Berry's 793p per share deal versus Apollo's 782p offer.
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RPC chairman Jamie Pike said: "The combination of RPC and Berry would create a leading global plastics products design and engineering company and represents a strong strategic fit."
Berry chief Tom Salmon said: "We are extremely excited to welcome the deep and experienced RPC team, along with their differentiated global platform, to the Berry organisation."
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