From the accounts a significant item is the very high level of trade receivables $43m. The annual sales were $89m. Hopefully this can all be collected with minimal bad debts.
With the growth in online sales where payment is received on shipment why is there such a high receivables balance?
By improving the debt collection rates the bank balance will only increase..
It looks like the company needs a CFO to help improve the companies financial performance. The debtor balance is too high.
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