RE: Shareholding14 Jan 2025 10:11
If I may add LOTM on the financial side
This from the TU
As previously noted, substantial progress has been made on cost-saving initiatives. The cash cost base for the last quarter of FY2024 was approximately £750k per month, and the expected cost base for FY2025 is approximately £8m for the year. Cash at the year-end stood at just under £4.8m, reflecting disciplined financial management.
There has been at least 6 staff reductions 3 in creative and 3 in software during the past few weeks along with the 200k+ saving from new auditor who is the Auditor for Octopus Energy and other listed companies so Mirriad should be decently below the 750 cost base THIS qtr now PWC off the cost base