Originally Posted by
Pedro de la Rosa
For a start, we are £109m in debt. Maybe we shouldn't taken on more debt.
This is from the Trust's statement on the accounts in May:
Summary of results
The accounts show a net loss for the year, after tax and interest, of £11.2m compared to a loss of £12.3m in 2020. After an adjustment for deferred tax, the loss increased to £12.0m compared to the 2020 figure of £12.5m on a similar basis. As a result of this loss, the net liabilities in the balance sheet increased to £36.0m from the 2020 figure of £24.0m.
So we lose a million a month. We can lose £39m over 3 years to pass FFP. We are skint.
