Page 6 - Auditors Article
P. 6
Table 1 FINANCIAL OVERVIEW
Overview 30 Year 1 3 Year 5 Year
September Growth CAGR CAGR
2017
Turnover 114,197,000 9.66 14.2% -
GBP
EBITDA 25,636,000 - 20.99% -
GBP
Post-tax 16,364,000 19.14% 22.48% -
Profit GBP
Total 98,921,000 15.93% 17.05% -
Assets GBP
Net Assets 92,332,000 18.08% 18.93% -
GBP
Gearing 7.14% - - -
A low gearing percentage typically shows a company is
financially stable. For Patisserie Holdings gearing would seem
to indicate that management, on paper, were in a financially
strong position certainly capable of sustaining future growth.
At this point the company’s auditor of thirteen years, Grant
Thornton, came under scrutiny as it had given the company
accounts a clean bill of health.
