|
Post by dharm999 on Feb 6, 2018 18:26:55 GMT
Wouldn't surprise me if they weren't registered. I have asked Hugo if there are updated financials available as the proposal has a forecast to the end of October, surely by now, they will have actual figures, even if they are management figures and not statutory accounts.
|
|
|
Post by hugoarchover on Feb 8, 2018 10:06:51 GMT
Hi hoyThe charge has been filed so am sure it will show up on Companies House soon.
|
|
|
Post by dharm999 on Feb 8, 2018 13:55:18 GMT
Hugo
What was the financial result for the y/e 31/10/17? Was it on forecast?
Thanks
|
|
registerme
Member of DD Central
Posts: 6,163
Likes: 5,976
|
Post by registerme on Feb 9, 2018 11:51:45 GMT
Email's just gone out saying that the headline numbers have been added to the documentation (haven't looked at them yet).
|
|
|
Post by dharm999 on Feb 9, 2018 13:15:42 GMT
Results are worse than forecast, and et assets remain negative. Forecast EBIT was £769k, actual is £601k, and net assets forecast was £221k, but actual was £(148k). Dont understand why the drop in net assets is more than the drop in EBIT, unless the interest charges were significantly higher than forecast, which is then another concern.
Hugo, can you shed light on this?
Thanks
|
|
registerme
Member of DD Central
Posts: 6,163
Likes: 5,976
|
Post by registerme on Feb 9, 2018 13:19:02 GMT
|
|
|
Post by dharm999 on Feb 9, 2018 13:32:02 GMT
Sorry, forgot to add, what are the revised forecasts for 2018 and 2019, in the light of the worse than forecast result for 2017?
|
|
|
Post by hugoarchover on Feb 9, 2018 16:58:35 GMT
The drop in EBIT relates to the acquisition of two new sites, to replace the end of a lease at one site.
The ArchOver facility to P** is made up of loans ranging from 6 months - 24 months. The Borrower has provided 24-month forecasts which are monitored on a monthly basis. The business is currently 6 months into a 24 month strategy, and ArchOver will continue to track their progress against the projections provided at the Loan Facility’s initiation.
The interest rates to the Borrower increased during the initial rounds of funding, as projects were moved to shorter terms. The Borrower also had an exceptional cost relating to the removal of the existing funder post-drawdown which wasn’t budgeted.
|
|
|
Post by dharm999 on Feb 12, 2018 17:36:58 GMT
Hugo
can you clarify if the forecasts for 2018 and 2019 are still the same
thanks
|
|