Discussion Starter · #1 ·
:thinkThe Profit and Loss account shows a loss of £4,175,739 for the first period of trading which is mainly ameliorated by a share premium account of £1,999,800 of which £1,445,000 remains unpaid.
I think it's the shareholders dividend and, often, they'll accept non-payment in lieu of later profits. Pretty normal from what I know of SMEs in the UK.:think
Aaron Lincoln, the football Agent, was a Director, but he was terminated in February.Warren had also mentioned in interviews recently that one backer had let them down early on which seemed a very honest thing to say at the time but perhaps he was laying the ground work for this!