not a good look in a private company either mak... does he have a gambling problem ? old tax bill caught up on him? buying a lavish house ? a massive boat? whatever it was used for 10 mill is a lot to borrow out of our own business..... and is NOT normal.. if you are a sharp operator you leave as much capital in the business as possible ...
loan should all come out in the wash when net tangible assets is calculated.. and be deducted in this calculation.. imo
There are many reasons for selling a business an i can tell you a GOOD reason would be GETTING PAID A STUPIDLY HIGH PRICE FOR YOUR BUSINESS !!
That's right STUPID.. based on what we have seen.. lets see what 2019 accounts bring ... i don't suspect we will see i 100% increase in profits do you? that said .. 85mil waaaay too much..
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