If I'm reading today's announcement correctly, it says that they had cash of £400,000 in the bank at the end of September. OK, borrowings have been significantly reduced versus last year, but cash has still fallen from £4m this time last year to £0.4m this year. Not good, particularly in an environment where you can't readily borrow money if you need it.
You need to look at the Derivative Financial Instruments to understand the cash position. DFI's in current assets are up from £2.6m in 2007 to £6.6m in 2008. Also, you've got more DFI's in non-current assets that up from £0.3m to £6.0m. They seem to be doing okay to me.
EBITDA is the standard way of looking at profit to the city, hence that's why plc's talk that particular lingo in trading statements.