The directors of Battersea Power Station have stated that the company faces 'material uncertainties' which could cast doubt on its ability to continue as a going concern.

Irish-based Real Estate Opportunities has drawn up a financial plan to the end of 2010 which includes negotiating a roll-over and renewal of loans, alongside realising up to £40m from the completion of corporate transactions, such as asset sales and the possibility of raising additional equity

The interim financial results have been prepared on a going concern basis, but the directors say that the failure of assumptions built into the financial plan, such as agreeing lending terms with banks, would mean that there could be doubt about REO’s ability to continue as a going concern.

Daily Telegraph