I get you spend money to make money, but that is to fund growth and FY2021 was not a year of stellar growth. In many ways it was a one step forwards two steps back year.
Even the July 4c showing 85% of net revenues are going towards staff and admin, leaving little or no room for error.
Wouldn't hurt to spend the money while they have it independently auditing the organisation to trim the fat. I would expect the level of costs above to be funding a minimum of 150% growth YOY. Even the revolving facility is traditionally factoring for businesses with growing pains where the demand outstrips supply of their product, but this is not evident in the top line as there is 7.7% reduction in revenue from FY20.
Hopefully the new CFO is a jet, they are going to have their work cut out for them!
