angrysaveruk
Member of DD Central
Say No To T.D.S
Posts: 1,334 
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Post by angrysaveruk on Nov 6, 2017 17:02:01 GMT
Zopa are losing money at an alarming rate. their own, their investors, or even both? At the moment both. I guess they will use the money from the provision fund to pay their running costs over the next 2 years by which time I will be out of Zopa entirely.
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jjc
Member of DD Central
Posts: 414
Likes: 632
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Post by jjc on Nov 6, 2017 18:40:04 GMT
Thanks explorep2p . If possible for your next update would appreciate you asking those platforms who wish to reveal it what their revenue was. This the most useful single additional parameter to enrich your data. I appreciate some/many won’t at first nudge be looking to disclose this, but if you can get some on-board it might get others to too. Only looked at one (FS) btw but they have theirs disclosed at YE 6/16 (£2.144m). Edit: Zopa too (£33.22m). Bit sloppy guys at explorep2p, is it you that are doing the exploring or us that ought to be exploring your explorations? Sorry, raises questions as to your (hopefully) otherwise useful, & much appreciated, contributions here Edit2: it seems you are reporting post-tax profits (from a kwik glance at RS & FS). I think pre-tax is more useful & relevant to us, perhaps worth adjusting? (In RS case loss due to a significant tax credit increases to £5m, in FS case profit increases by a sizeable 40% to £550k.) |
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jonah
Member of DD Central
Posts: 2,031
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Post by jonah on Nov 6, 2017 20:10:18 GMT
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Post by explorep2p on Nov 6, 2017 20:36:12 GMT
Thanks explorep2p . If possible for your next update would appreciate you asking those platforms who wish to reveal it what their revenue was. This the most useful single additional parameter to enrich your data. I appreciate some/many won’t at first nudge be looking to disclose this, but if you can get some on-board it might get others to too. Only looked at one (FS) btw but they have theirs disclosed at YE 6/16 (£2.144m). Edit: Zopa too (£33.22m). Bit sloppy guys at explorep2p, is it you that are doing the exploring or us that ought to be exploring your explorations? Sorry, raises questions as to your (hopefully) otherwise useful, & much appreciated, contributions here Edit2: it seems you are reporting post-tax profits (from a kwik glance at RS & FS). I think pre-tax is more useful & relevant to us, perhaps worth adjusting? (In RS case loss due to a significant tax credit increases to £5m, in FS case profit increases by a sizeable 40% to £550k.) We have used post-tax P&l to ensure that we were consistent between all the firms. Many firms only provide short form financial statements that do not contain a P&L statement. However the profit after tax for the year is made available by reviewing the movements in the retained earnings reserves. The profit before tax often isn't available.
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jjc
Member of DD Central
Posts: 414
Likes: 632
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Post by jjc on Nov 6, 2017 20:53:24 GMT
The figs I've quoted are all from filed CH accounts. You've missed them. Have PM'd you separately explorep2p but please check your info is correct & complete & post here again if poss with the revised figs. You're covering important ground missed by others here & offering analysis on the results you report, but from the little I've seen the raw data you're reporting is (at least sometimes) incomplete if not also incorrect. Thanks |
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