13h 59min, feb 26, 2025 y - Wolffkran Key WP Review

Description:

Group going through IPO
New CFO at Group
Revenue streams:
-Crane rental 30%
-Operator rental 28%
-Install & dismantling 14% (upon dismantling)
- Accessories rental 10% (Wolf on-site subcontract)
Substantive audit
Revenue +£4m t0 £47m
-crane rental +£1.5m
-operator rentals static
-accessories +£1.6m
TFA
- +£3m new finance lease
-major inspecting now capitalising £500k
Inventories
-simialar to PY at £2.3m
Trade receivables £6.6m gross £6.1m PY
-£283k b/d provn ISG direct customer (£140k unprovided)
IC balances not net-off this year
IC loan from AG
-interest income completness
Cash
-£1.8m bank letter not received
Barclays £2.2m
-mortgage for property
-covenants reviewed
Other payables
-PY £900k claim paid to AG for damaged claim
SSOT
-VAT box 6 and creditor
Legal
-4 matters; 2 employment cases £35k (probability assessment by client) customer balances x 1

Added to timeline:

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