RE: Bitter truth19 Mar 2018 11:36
A good post, we're owed money from last year regards royalties, no indication yet as to when that bill is going to be paid, we're tied in under a 3yr contract and it would be difficult to move the business right now without incurring a lot of expense. Not accruing for the �30M in alcohol duty when you're in the alcohol business is quite unbelievable, even if the CFO has changed, the staff in the finance office should be aware of the liability and when its payable, it's common practise. The PwC audit will be an eye opener with regards to debt, �113m excluding the invoice discounting (no figure given) plus whatever else they turn up in the mean time.