BluesMike61
Youth Team
When the HMRC winding up order reared it's ugly head back in July, I was extremely concerned that it happened so early in the cash flow cycle.
With our solid base of approximately 5000 season ticket holders,most of whom pay up-front in April or May (although some do pay by monthly instalments),our cash flow should have been comparatively healthy in July, compared to March for example.
Putting it another way,it's an awful long time before April,2010.
In cash flow terms,if we are continuing to lose £2.4 million a year (i.e.£200,000 per month average), that probably equates to at least £300,000 per month for each of the next 6 months.
If RM does manage to find the £2.1 million on Friday (and good luck to him) I estimate that we will need a cash injection of at least £4 million,just to stand still and see us through to the next input of season ticket holders' hard earned money.
With our solid base of approximately 5000 season ticket holders,most of whom pay up-front in April or May (although some do pay by monthly instalments),our cash flow should have been comparatively healthy in July, compared to March for example.
Putting it another way,it's an awful long time before April,2010.
In cash flow terms,if we are continuing to lose £2.4 million a year (i.e.£200,000 per month average), that probably equates to at least £300,000 per month for each of the next 6 months.
If RM does manage to find the £2.1 million on Friday (and good luck to him) I estimate that we will need a cash injection of at least £4 million,just to stand still and see us through to the next input of season ticket holders' hard earned money.
