RE: No way back from here.Today 11:46
EBITDA
2024: £6.9 million
2025 £3.5 million
2026 £1.5 million
What does this say?
With £35M in pension deficit and loans of £5.M and total of £40M how does it pay these off with such low earnings? Take out costs and it has no income but losses. 2025 it lost £2.5 Million and 2026 could be as high as £5.0 loss. How can the company survive?
The company needs to confirm a new customer with huge sales that creates mass. It’s hanging only on the brand name. Will a company take on a franchise? Better the possible company do a deal with the company who has the loan on the assets. This could be bought out minus the pension hole with those who have rights to the assets. So far just a brand. Really the company now has an internet site and a name and that is it. Not much value that. Too many liabilities. I am sure the accountants may not sign off on the accounts as this is now (failing a big deal or Franchise interest) close to administration. Surely this will be bought up for a pittance from the administrators? Just like EVE.