The Airlander project, backed by over £2m via Crowdcube investors, has had a windfall of £21m from the airship's recent escape from its Bedforshire home.
As the company admits, the machine was badly damaged when it slipped its moorings. However silver linings come in in all shapes and sizes and the company is now reporting a net profit of over £2m due to the excess cash from the £21m insurance settlement.
Which is fortunate as the company recorded losses of over £2m without this exceptional item. On the back of all this, new investment to the tune of £5.4m has been raised and new debt for £2m is now on the books.
Might be a while still before shareholders get to see any fruit. But the lucky calamity on the 18 November 2017, is just the sort of thing this type of project needs to see it over the line.
