9h 50min, mar 20, 2025 y - Marine Industrial (MIT) FY24 Planning Review

Description:

Maintenance of ship engines

Financials
-lower than budget but up on last year
-point in time revenue, no PoC
-FA, stock and payroll no big changes
-debtors; Twin disk is customer and supplier refusing to pay £250k due to warranty cover
-warranty provision; no significant movements
-rent of service yard to triple
-large credit in Market/Advertising

Legal
-trademark issue with MIT from PY
-£7k damages accrued

Added to timeline:

Date: