Discussion
I used to work for a company for three years and then it lost its major contract so I Tuped over to the new company which took the contract over at the time. The old company director was dodgy as hell, small family run outfit (four people running it) and he was banned as a director for three years yet he still managed the company. Now, the company has just filed its latest CH paperwork and he saying he has exactly the same number of employees as he did last year which is nonsense. But the question is, is there anything he can gain by saying this?
The only "advantage" I can think of is that it makes the Company look "stable" and suggest that operations are ongoing as normal.
If FTE stays constant and the P&L figures are broadly consistent with last year then there's no indication to any customers that it's lots a major contract and that turnover has fallen.
Are the accounts audited?
If FTE stays constant and the P&L figures are broadly consistent with last year then there's no indication to any customers that it's lots a major contract and that turnover has fallen.
Are the accounts audited?
Further to the post about - it is an average for the period too so factor that in.
It is also easy to roll the notes forward on a set of accounts and miss amending the figure! It also makes no difference to any monetary amounts (the note doesn't, obviously paying 'another' employee would).
It is also easy to roll the notes forward on a set of accounts and miss amending the figure! It also makes no difference to any monetary amounts (the note doesn't, obviously paying 'another' employee would).
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