mao tse tung
Vital Champions League
Have not had chance to go through them in detail but losses are down from 25m to 15m.
Cannot immediately see where the saving has come from: Income, Admin costs, wages, profit on disposals are all similar to the previous year.
There is a 5m loan written off which accounts for half of the saving.
And there is another entry on the website relating to 21m of debt being converted to equity; no doubt the timing of that means it will be recorded in the next set of accounts.
https://find-and-update.company-information.service.gov.uk/company/01630402/filing-history
Cannot immediately see where the saving has come from: Income, Admin costs, wages, profit on disposals are all similar to the previous year.
There is a 5m loan written off which accounts for half of the saving.
And there is another entry on the website relating to 21m of debt being converted to equity; no doubt the timing of that means it will be recorded in the next set of accounts.
https://find-and-update.company-information.service.gov.uk/company/01630402/filing-history