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the debt taken on was around 20 million now it's nearly 36 million. So the debt increase does reflect a 5 million a year loss. The difference in the 2 situations was the willingness of the previous regime to write off the money owed to them. Something SISU are unlikely to do. The point about...

Sorry you're wrong. The debt at the time of the takeover was around 33 million of which some 14 million was owed to Higgs, McGinnity and Robinson. Leaving a net debt of around 19 million taken on by SISU. The 2010 books showed a debt of 36 million - of which 24 million was held by SISU.

I've copies of 2007-2010 - if they can be posted.

Does it make it that much better? The previous regime forego basically the balance of the debt from what is was then to what it is now. And we were left with a debt of around 23 million which SISU took on. Add on another 8 million or so (some of which is SISU's) and the debt's around 30 million...

just curious how SISU have improved things off the field etc. when monthly losses are double what they were under the previous regime? Hardly a ringing endorsement for a professional finance business!