© 2016 - Funding Nav

    Funding Nav Limited

    142-144 New Cavendish Street

    Fitzrovia

    London

    W1W 6YF

    Telephone: 077 6811 1234

    October 19, 2019

    June 30, 2019

    April 18, 2019

    March 29, 2019

    Please reload

    Recent Posts

    The pointlessness of meetings

    Meetings malaise

    April 21, 2018

    1/1
    Please reload

    Featured Posts

    Beware Hubris!

    January 28, 2019

    It was sad to see Patisserie Valerie finally slip into administration recently and 1,000 people lose their jobs immediately as 70 cafes were closed.

    The impact to Luke Johnsons fortune and reputation is huge. Previously he owned 37% of the business worth £165m and up to last last autumn was a revered columnist penning weekly advice to lesser business mortals on how they could achieve business greatness like he had.

    Johnson now claims to be a victim of the fraud but he is at least £20 m better off than he was at the outset of his PV journey so not much of a victim!

    Hubris also prevented him from asking some difficult questions of his team when he was presented with numbers that just didn't ring true. For example the sales per cafe were always £600k throughout the journey, never changing for five years and how was it that PV was able to run at 15% margins when the rest of the market was at 8%?

    So, if you think that the numbers look to good then don't be afraid to look further because if they looked bad, you definitely would, wouldn't you?

    If you are concerned about your numbers then contact stephen.sacks@fundingnav.com 

     

     

    Share on Facebook
    Share on Twitter
    Please reload

    Follow Us