Having an additional $2.5m cash back in the kitty from the related party receivable could also been very positive, particularity as the Company has $4.1m of debt and $5.2m of trade creditors due to be repaid within 12 months.
The problem with this Company is that it is being run like a private family owned business where the management (family members) use the Company funds like their personal bank accounts.
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- Ann: 31.5% Revenue Growth H1 2020 Financials Commentary
Ann: 31.5% Revenue Growth H1 2020 Financials Commentary, page-81
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Gerard O'Donovan, Executive Director
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