In the last update9 Sep 2018 22:30
In addition, the Company has started the second half of the year strongly and expects to see continued good revenue growth through the balance of the year.
The strong demand for the Company's range of white and grey stone has lead to the need for additional capital expenditure to increase production in the quarries as well as to finance increased working capital requirements now that the factory is operating at higher capacity.
The Company is pleased to announce that the holders of the series 3 and 5 Loan notes have subscribed for an additional £300,000 of Loan notes on the same terms as previously announced.
So we are seeing extra demand, working capital needed which relates to all the blocks and benches opened, the CNc was full until August, one more month than the last update, they could of done huge numbers of tiles in that period. Also implys loan note maybe not needed if working capital and production was at level needed, they want a lot of stock which is similar to other marble businesses