RE: Goverment support3 Apr 2020 12:01
I would think our proposal wouldn't be too bad, I think even the most negative posters have highlighted that it's the current finance agreement holding the company back.
"Overall, despite the disruption from COVID-19, our business has performed well and has been profitable in Q1 with revenues of over £4 million an increase of more than 30% over the same period in 2019 (Q1 2019: £3.1 million) and we have a healthy order book going forward."
"We are also fortunate in that much of our revenues are generated from long-term and recurring revenue contracts (we entered 2020 with over £8m of annual recurring revenue for the year) and so where we have reductions in such revenue streams during the COVID-19 disruption these are expected to return once the pandemic passes."