23h 9min, feb 10, 2025 y - MM Newport Key WP Review

Description:

Goods only
Manufacturing, point in time
3 packages (PC (in-scope), Newport (in-scope) and CC)
Full scope PM £563k
Inventory +£243k
Inventory provision -£482k drop query with client?
Trade receivables -£2m due to factoring
New cash pooling arrangement +£21m
DTA £4.2m happy with loss recovery in company (not Group relief)
Trade liabilities +£1.3m
Revenues -£2.2m PY higher than normal due to 2022 supplier industrial action pushing sales into 2023
GP -2%
Staff costs +£700k 25% (client to confirm?)
Revenue - Changed to substantive
WIP/FG - SP-margin
IC balances confirmed
Journals
- insufficient follow through for tab 1,3,6,7,8,9
Legal
- no external confirmations, all from in-house Group. no issues

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