For anyone that’s interested they’re still a basket case financially. The accounts haven’t been completed for January & February yet but at the end of December, the good news is they’d made a profit of a massive £700 on the month. The bad news is that half way through the financial year they’d made a loss of £7,600 despite forecasting profits of over £24,000 for the same six months.
Remember they have agreed to pay back the council £75,000 next year, a figure which increases every year & they also hope to make voluntary overpayments. They intend to start the direct debit paying monthly in July.
At this point they don’t need difficult decisions, they need a bloody miracle and a dose of reality. They can’t just hope to keep relying on shaking the buckets or fans popping their clogs leaving them money in the will (that’s the only thing alleviating the current cash flow crisis this month)