RE: results20 Sep 2022 11:56
Let's not forget that the company had built up tax credits by March 2021 of £13 million pounds.
My expectation going forward is that there is the distinct possibility that the expenditure on R&D, coupled with the opening of new sales offices and staff may keep the otherwise profitable situation under control, at the same time increasing tax credits. This creative accounting (for whatever reason) seems to be the modus operandi of Tom Black. The profit margins on sales in very good. Let's not forget also that itb appears the majority of clients are taking up leases with product upgrades, with the largest instalments from clients skewed towards the end of the contracts, thereby assisting those clients with their cash flows, not Thruvision's.