Hedley Studios - The Little Car Company pre-pack rescue
Discussion
Sky News reports an existing investor has rescued them from administration.
https://news.sky.com/story/miniature-classic-car-m...
https://news.sky.com/story/miniature-classic-car-m...
Have just read the Statement of Administrator’s Proposal: https://find-and-update.company-information.servic...
Good to see employees and suppliers made whole and the business continuing. Rare, and very welcome.
Still striking: in under seven years the company consumed nearly £18m of investor cash without ever turning a profit. Now another £1.4m has gone in to keep it alive.
The cars are wonderful to see, so glad they remain.
The report’s line — “Each creation, expertly hand-built in the UK under the visionary guidance of the Creative Founder & CEO” was amusing. Most visionary guidance eventually needs to deliver profit. That might now come.
Good to see employees and suppliers made whole and the business continuing. Rare, and very welcome.
Still striking: in under seven years the company consumed nearly £18m of investor cash without ever turning a profit. Now another £1.4m has gone in to keep it alive.
The cars are wonderful to see, so glad they remain.
The report’s line — “Each creation, expertly hand-built in the UK under the visionary guidance of the Creative Founder & CEO” was amusing. Most visionary guidance eventually needs to deliver profit. That might now come.
They sold 500+ cars at c 75k each, that's 37 million in sales over the last 17 months. 26m a year.
With that kind of turnover and the fact that they only make a few different types of toy cars, it should be easy enough to see if there is a profit to be made?
Hopefully there is and they continue on...
With that kind of turnover and the fact that they only make a few different types of toy cars, it should be easy enough to see if there is a profit to be made?
Hopefully there is and they continue on...
Gassing Station | General Gassing | Top of Page | What's New | My Stuff