In reply to Chris Harris:
Those figures don't tell a huge deal, do they? Not enough to steer away from it...
Cash: Seems healthy(ish) for such a business? Up from last year.
Net worth: I cant comment on this as I forget exactly how it's calculated... But I assume it's negative due to liabilities (which are going down, and hence NW is rising)
Assets: Assuming they lease the building, what assets will they own? The walls etc will hardly have much of a resale value so will be heavily depreciated. Maybe some stock for a shop (if they have one), coffee machines (could be on a lease and hence a liability), maybe a van or two. Wouldn't expect it to be hugely high.
Liabilities: Bank loan for set up costs + working capital overdraft - just as it's higher than the liabilities, doesn't mean it's not amortising and managed well. Assuming the percentages are year-on-year, debts are 18% lower then last year which seems reasonable?
Post edited at 16:00
Boulder Central is up for sale, with a solid business platform that will give the new owner the opportunity to grow and thrive in climbing, leisure and fitness markets.
