Dec23:my normalised version of the real balance sheet (IMHO -...

Dec23:


my normalised version of the real balance sheet (IMHO - DYOR):

when your largest asset is solely INVENTORY, not that you have really paid for them - look at growth in trade payables!!!.....you were keeping the lights on by deferring as much inventory purchases payments and then paying overheads and rent with sales.....and plugging the remaining gaps with finance, debt instruments and secured loans!!!

sad...but you had years to prepare....scary thing is, nothing was done about it....no cap raise, no divestment of the poor performers...just BAU...year after year after year.....expecting things to "improve" by doing the same thing....that was never working in the first place post covid and interest rate hikes....

sad. very.