RE: Re.Pyc18 Feb 2022 08:51
Hi share4. The following quote is from your Wednesday 1702 post.
"the worst possible thing you can value a company on is potential without numbers behind it and the fact that it works with "big names", it's all smoke and mirrors. "
I ran a loan business as a sole trader and as a separate Limited Company. If i wanted a loan or an increased overdraft i did precisely " the worst possible thing " because Natwest required and relied on them to make approvals. All projected accounts and/or forecasts have less substance than both smoke and mirrors.
If you fund raise through the Stock Markets or Banks or privately, as my clients did then, Figures are required - can't think off hand of contrary examples.