Today, I spoke to a potential new accountant, paid money into the bank and also had one of our vans sign-written, plus I dealt with problems with a franchisee's bank account and a change in design of our reply-paid envelopes. Meanwhile, my wife dealt with several customer enquiries, priced up some jobs and dropped the kids at school and collected them. At the same time, an employee did a full day of work. All on the same day! Vin
Apologies, it was 2009/10 (and they were incorporated in 2007): http://www.pcr-online.biz/news/read/veho-forecasts-20m-turnover/023403
their accounting reference date was changed to february from november before their first set of accounts that means this report was seven months into their 09/10 accounting year. it's unlikely that they would be predicting turnover for the next financial year starting five months from that point so it's either 09/10 or the next calendar year. assuming it's their financial year they should have known the first half of the year's revenue but will have been predicting further growth and a seasonal spike in sales over christmas and january. Shareholder funds increased by over 400k that year.
Thanks, my (uneducated) inference was that they are doing fairly well, without making megabucks. Fair assessment? Difficult to see them really improving on the million a year we were getting from aap3, which was amongst the lowest in the premier league. So, pretty disappointing from that point of view.
PTF lets be honest none of us really know enough about Veho to make these sort of assumptions. How it can therefore be "pretty disappointing" is beyond me. We simply don't have the facts.
I'm astonished aap3 paid a million a year. I know you pay a lot for the EPL, but their deal started 3 years ago in the Championship.
veho look like the kind of company that could benefit more worldwide from the sponsorship than aap3. they seem to be a credible competitor to Gopro in the compact video camera market segment. their last couple of years look a bit stagnant (judging only on the very limited information available) so they are probably trying to kick on.
Well we do to an extent actually, some of this information is publicly available, as Sotonist has alluded to. Not enough to draw any firm conclusions of course, but enough to form an impression, which is all I was expressing. They may have grown massively in the last few years, in which case great, but based on a turnover of £20m they're realistically not going to be paying us millions a year.
I'm astonished the people of Florida didn't take advantage of a direct flight to Southampton to take in the world famous Plumbers shopping centre and walk the city walls
lifted from saintsweb https://globalconnections.hsbc.com/united-kingdom/en/articles/veho-south-and-east-regional-finalist they boast growing their turnover to £10m in 13/14 either they were fibbing in 2009 or their turnover dropped substantially. it might explain why the shareholders funds are increasing at a much reduced rate for the last two financial years.
Good find. They also claim double-digit year-on-year growth so it's very unlikely (putting it lightly) that their turnover was £20m in 2009/10. Even less impressed now!
I'm not bothered unless they are going to run off without paying. Presumably we couldn't get anyone to pay more who wasn't ethically unsound (an important issue to Katharina). It is only for two years so presumably we didn't want to be tied in for longer.
We don't just go for the highest bidder though. I am sure that one of the reasons that aap3 got the gig last time was that they were involved with the Saints Foundation?
