Monday, 9 November 2015
The new mini bond offer on Crowdcube for Source is to be applauded for producing filed accounts as up to date as possible to YE March 2015 - many pitchers delay filing precisely to avoid this.
However there seems to be little point in reading them as they are completely different to the ones produced by the CC out to lunch department on the pitch.
For crying out load guys - what is the point in having any figures on any of your pitches when the only thing investors can be certain of is that they are complete drivel.
Claims of profits for the last two years are flatly contradicted by the CH accounts as are all of the other figures supplied. According to the filed accounts since the company was incorporated they have made losses each year - as shown in the accumulated P&L account. It's really a pretty simple thing to get right.