RE: The company is doomed11 Sep 2025 17:51
The Group generated a gross profit of £1.2 million. Sounds good right?
administration expenses increase to £1.94 million.
Administration costs are double income.
£ 748,000 loss.
Come on guys there is no business here. Costs are more than income and always have been and it looks like always will be. Its all financed by placings. There is not business here.
£3.6 million in sales. Cost of sales £2,470.