Parsley Box has reported labour issues throughout its supply chain, which have "significantly restricted" stock availability to around half of what was planned.
In a stock exchange statement, the Baby Boomer ready meals provider said that as part of mitigation of the situation, the board has reduced investment in marketing - something which is "likely to continue until the expected short-term supply chain constraints recede".
As a consequence, the group now expects full year revenue to be circa £25m, slightly ahead of last year, with a consequential impact on losses before tax.
Parsley Box's cash balance at 31 August was £5.7m.
The trading update also noted 18% year-on-year revenue growth for the eight months to the end of August, with revenues of £17.8m - compared to £15.1m last year.
Products shipped also grew by 18% in the same period to 7.8 million units - up from 6.6 million units in 2020.
Kevin Dorren, chief executive of Parsley Box, commented: "Delivering our product innovation plan remains the focus for the business as we navigate our way through the widely reported supply chain disruption.
"The second half of the year has been further impacted as we took the disappointing decision to pull back on planned marketing investment.
"However I, and the Board, firmly believe that Parsley Box’s long term growth prospects are unchanged."
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