RE: Pleasantly surprised28 Jan 2021 15:42
Extract from Rns
Strategic Outlook
As well as completing the first Open-Funding securitisation transaction, the Company expects to have delivered on Captive-Funding and Self-Funding initiatives by the end of the first quarter of 2021.
There is a large and growing international addressable market for inventory funding. Supply@ME is aiming for its Inventory Monetisation Platform to be the leading fintech operator in the sector. We expect the number of Client companies being sourced and monetised to continue to grow rapidly, in direct proportion to the funding available.
The model is highly scalable as can be seen by the availability of partners in the UK, Middle East and US to join with the Company to develop an international Platform. In 2021 Supply@ME aims to have started operations in each of these regions.
Directors' statement under section 172 (1) of the Companies Act 2006
Section 172 (1) of the Companies Act obliges the Directors to promote the success of the Company for the benefit of the Company's members as a whole.
This section specifies that the Directors must act in good faith when promoting the success of the Company and in doing so have regard (amongst other things) to:
1. the likely consequences of any decision in the long term,
2. the interests of the Company's employees,
3. the need to foster the Company's business relationship with suppliers, customers and others,
4. the impact of the Company's operations on the community and environment,
5. the desirability of the Company maintaining a reputation for high standards of business conduct, and
6. the need to act fairly as between members of the Company.
The Directors believe they have acted in the way they consider most likely to promote the success of the Company for the benefit of its members as a whole, as required by Section 172 (1) of the Companies Act 2006.
At this time, the Board believes that it is compliant with all ten Principles of the QCA Code. More information can be found on pages 18-25.
Approved by the Board and signed on its behalf by
Alessandro Zamboni
Director
27 January 2021
Directors
The current board comprises four directors, whose details are set out below:
Dominic White - appointed 23 March 2020
Mr White has invested in public markets and private equity for 25 years. He has acquired and managed more than £3 billion of assets across Europe and held board positions at a number of public companies including KCR Residential, REIT Plc, Eight Capital Partners Plc and Limitless Earth Plc, as well as at international investment institutions such as Security Capital European and Henderson Global Investors.
He is a member of the Institute of Chartered Financial Analysts.
Susanne Chishti - appointed 23 March 2020
Ms Chishti brings over 20 years of financial expertise, board-level experience focused on organisational governance, and a strong understanding of t
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