Smidsy Ltd’s annual report and financial statements for the year to the end of March 2023 show total revenue jumped to £11,332,287 from £5,183,017, mainly from its bike-share scheme, which is now running in Plymouth and 14 other locations. Although the pre-tax loss fell by almost £1m, it made an after-tax loss for the financial year of £4,270,245, slightly up from the 2022 loss of £4,262,442, and no dividends were paid.
Total assets of £16,831,845 were up from £13,156,421, but net liabilities had grown too, to £1,483,845 from £683,873. The company, which introduced Beryl Bikes to Plymouth in March 2023, relies on bank loans and convertible loan notes which can be turned into shares.
Diese Geschichte stammt aus der January 15, 2024-Ausgabe von The Herald.
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Diese Geschichte stammt aus der January 15, 2024-Ausgabe von The Herald.
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