RE: Downsizing and redundancies14 Sep 2022 17:55
The reality is that they have simply run out of cash. £1.5M loan with maybe £800k of redundancy costs leaves a float of £700k to tide them over until the 2nd half money comes in. The redundancies will see them give poorer service to their clients and the new orders won't materialise. It's always jam tomorrow with TRAK except the jam doesn't seem to arrive.