Originally Posted by
Nil further
Re Balance sheet
Its called a balance sheet for a reason ,
You've called the net cash , what about the debts ?
the true picture shows a deficit of £59.1 million (1)
The claimed assets on the balance sheet look like junk to me, hence the market cap at the moment , they've sold everything saleable .
- 5 Net debt is defined as total cash less borrowings. Straight lift from their published results .
Note also that the pension scheme deficit was last evaluated in 2016 and a payment plan was put in place to close the deficit over the next 10 or so years. Pension scheme valuations have to take place on a triennial basis so an updated valuation will be due by March 2019 and will have to be incorporated into the accounts. Has the general outlook for pension schemes and returns stayed the same, improved, or worsened over the last 3 years?