RE: lvcg at goodwood revival21 Sep 2021 17:54
I would like to see a quarter update for the period 1st July to 30th September, during October, which includes a cash position, as the recent accounts, still reflect the worst of the lockdowns we have all been through. It would be good to get some idea of what the large uptick in events has had on the underlying cash position and how this translates into the following statement from those accounts gaining more credibility...
The Directors have prepared trading and cash flow forecasts for the Group up to and including the year ending 31 December 2025. The forecasts incorporate a number of trading assumptions and show that the Group has sufficient cash to meet its liabilities as they fall due.
The Directors consider these forecasts to be realistic and they have considered the continued impact of the COVID-19 pandemic, and the measures taken to contain it. However, because the situation regarding the COVID-19 outbreak and related containment measures is constantly evolving, there can be no certainty in respect of these cash flows, as tours and shows may continue to be delayed or cancelled in the geographical locations in which the Group operates. However, in the event that further funding is required the Directors consider that both further debt finance or an equity fund raise are viable options at the date of signing these condensed consolidated interim financial statements.