TU12 May 2026 18:40
'The Company expects to report revenues of in excess of £20 million (subject to audit) (FY2025: £14.2 million) for the period. A significant proportion of this revenue relates to the Company's Goa project'
As has been pointed, all these contracts now at maintenance stage, are clearly dialing in next to nothing. Cheap enough to service, hardware wise, but still the same huge staff costs with everything that entails. Cronin and Peafowl have not thought this through, hence the desperation ES will finally take CC for Peanuts. The DD, if being done, will want to show a 100% return after 18 months or less. It used to be 3+ years, but the world has changed.
Cronin has kicked the can, hoping other parties show interest, they have not. FG28 is yet another Cronin Jam tomorrow. If no offer lands, CC will not be in business to deliver it anyway. IMO the smart play is ES pickup the carcass, for far less, from liquidators. They know they are the only game in town, so no risk in waiting.