Interactive TV specialist Mirada has been forced to suspend its shares after failing to deliver its accounts on time.
In a statement the company said it had been unable to post its annual report and accounts for the year ending March 31, 2010 by September 30. Consequently it is in breach of AIM Rule 19 that requires a company to send its audited annual accounts to shareholders not later than six months after the end of the financial year to which they relate.
The shares were suspended as of 07.30 on Friday morning (October 1).
The company said it was taking steps with its auditors to be in a position to post its annual accounts to shareholders and a further announcement would be made in due course.
Originally founded in Spain in 2000 as Fresh Interactive Technologies, the company merged with UK-based YooMedia in December 2007 to form what is now Mirada.
Plans were recently announced for a new strategic partnership with Ericsson to deliver an IPTV portal.