Cash and debt19 Sep 2014 08:39
Cash and cash equivalents were £2,124,000 at 30 June 2014 compared to an overdraft of £5,000 at 30 June 2013. Net debt reduced from £5,681,000 at 30 June 2013 to £3,804,000 at 30 June 2014. This was primarily as a result of a reduction in inventories due to the timing of shipments.