At this rate, on these numbers, lucky to last out the year29 Jan 2021 11:58
(Real) revenue (from Italy operation) of £368,000.
Low quality current assets being "Receivables" of 2.1m on the balance sheet must be accrued revenue i.e. not yet billed - not recognisable as revenue under IFRS ( hence the disparity between the working capital and the income statement) In other words very subjective.
When CASH IN is netted off of CASH OUT there is £740,000 remaining. The operating costs are £352,166 per month. That is not enough to cover the next 3 months.
Equity raise on the way...