Reading it a bit more in depth, as Croc says, profit was circa £32k…

Page 18 mentions the £2.4 mil debt..

Page 25 states tangible assets of £7.6 mil
Also total equity drops down to £5.4 mil which is there or there abouts…

Fixed asset depreciation on page 28 is a cause for concern…

What really I cannot understand is the valuation on land & buildings…that’s a lot of money that is depreciating at a hell of a rate of knots… I do think the immediate payment of purepay will sink you sorry..