nick
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Post by nick on Sept 25, 2016 14:38:35 GMT
Just read in the ST that FC's losses doubled to £40M last year on revenues of £32M (http://www.thetimes.co.uk/article/unicorn-in-the-red-zbks2l3k8). FC have yet file their Dec 15 stats, but they are due to be filed by the end of the month. Its interesting that they still haven't reached a scale which is profitable yet, notwithstanding their investment into overseas expansion.
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acky
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Post by acky on Sept 26, 2016 4:55:16 GMT
Just read in the ST that FC's losses doubled to £40M last year on revenues of £32M (http://www.thetimes.co.uk/article/unicorn-in-the-red-zbks2l3k8). FC have yet file their Dec 15 stats, but they are due to be filed by the end of the month. Its interesting that they still haven't reached a scale which is profitable yet, notwithstanding their investment into overseas expansion. Probably BECAUSE of their overseas expansion!
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voss
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Post by voss on Sept 26, 2016 9:09:27 GMT
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mikeh
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Post by mikeh on Sept 26, 2016 9:40:39 GMT
Its interesting that they still haven't reached a scale which is profitable yet, notwithstanding their investment into overseas expansion. I don't think it is a question of reaching a scale that is profitable. What they are doing is reinvesting all their profit and a lot more too in exponential growth. Such growth is hugely expensive. Consistently making losses higher than their revenue does seem rather extreme though. The big 3 are all going for market share at any cost. Meanwhile Savings Stream is hugely profitable and MoneyThing heading in the same direction.
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