Ann: Trading Halt, page-7

The strategic review will find that the current overhead structure is unsustainable.
It carries baggage from three companies, and no one has the balls to restructure because I imagine some of the people directly hold the balls of the CEO/MD be it connections, contacts. deals or years of service compensation on termination.

When you get to this position you sell the business.

Imagine a competitor buying an $11M business with 40% GP and slotting it under their own overheads. Various valuation methods $4.36M GP, use 30% GP and that is sales of $14.55M, a potential asset price?