Page 50 - Futr Investment Proposal
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Financial Forecasts
Year Ended 31 March 2018 2019 2020 2021 2022 2023
Revenue 57,744 358,348 3,425,848 19,898,742 40,937,152 65,115,250
EBITDA (286,229) (229,449) 1,255,951 15,729,619 34,526,041 55,161,728
The Company was founded in March 2017 therefore 2018 is the first year of trading.
The Company has already achieved their year end Enterprise forecast (£155k) with a further £100k in the pipeline by end
March 2019.
In addition, Futr has achieved £30k of the Public sector forecast with another £12k awaiting a new Purchase Order to submit
invoice. With the continuing work for the Police and two POCs for Newham and Hackney council in Jan, management feel
they will achieve the 2019 year end forecast.
The financial model supplied is very detailed and has clearly been built by a financially astute person. Each section has a
clear set of assumptions that we have altered to produce a sensitised version.
The first version of the model did not roll out far enough and did not contain enough detail on resource requirements, Futr
has amended this in a V2. We do however believe the revenue is significantly overstated and this will be addressed in the
sensitivities.
