Profit performance in the year to Aug’20 was robust and ahead of general expectations. This includes cashflow and year-end net cash of £3.5m which is not flattered by deferrals, having kept payables up to date in Q4. Following a cost reduction project in August, the business is lean and agile, and well placed to navigate the uncertainties ahead including lock-down 2.0, prior to which it had traded well (incl. the all-important Sept period). Even in the absence of forecasts, valuation looks undem ....
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Resilient performance in spite of pandemic disruption
- Published:
25 Nov 2020 -
Author:
Matthew McEachran -
Pages:
3
Profit performance in the year to Aug’20 was robust and ahead of general expectations. This includes cashflow and year-end net cash of £3.5m which is not flattered by deferrals, having kept payables up to date in Q4. Following a cost reduction project in August, the business is lean and agile, and well placed to navigate the uncertainties ahead including lock-down 2.0, prior to which it had traded well (incl. the all-important Sept period). Even in the absence of forecasts, valuation looks undem ....