Sevco can wave that money down the swaney.
A quick look at Elite accounts showed they had on 31 Dec 18 - 5.1M of Stock, 3.2 M owed and 500 K in the bank. However they were in debt of 7.5 million within a year... (5.1 M worth of stock after xmas..........;-)
They didnt file their accounts on 31 Dec 19 - defering them to 30 March 20 - telling a damming story.
All that stock was sevco kit - the previous year Elite only held about 1m worth of stock before they got involved with the hun.
Goodbye 2.8M that leave a massive hole in the sevco accounts that they havent accounted for...
A quick look at Elite accounts showed they had on 31 Dec 18 - 5.1M of Stock, 3.2 M owed and 500 K in the bank. However they were in debt of 7.5 million within a year... (5.1 M worth of stock after xmas..........;-)
They didnt file their accounts on 31 Dec 19 - defering them to 30 March 20 - telling a damming story.
All that stock was sevco kit - the previous year Elite only held about 1m worth of stock before they got involved with the hun.
Goodbye 2.8M that leave a massive hole in the sevco accounts that they havent accounted for...