Yankee_Jack
Key Player
We have factored (borrowed against) the receivable due us from Fulham for Mawson. A total of £5 million less £500k sell on fee due Barnsley is due August 8, 2019 and a similar amount is due on August 8, 2020. So we didn't get cash for Mawson until now, and these amounts are going to be less than face value because of the vig paid to the bank.
Of interest ... we had to go to Macquarie Bank in London to get this financing ... the high street banks wouldn't touch it. This cannot be cheap. This deal was signed on the 14th and filed at Companies House yesterday.
The filing is here (https://beta.companieshouse.gov.uk/company/00123414/filing-history/MzIxNDg4MDEzOWFkaXF6a2N4)
Of interest ... we had to go to Macquarie Bank in London to get this financing ... the high street banks wouldn't touch it. This cannot be cheap. This deal was signed on the 14th and filed at Companies House yesterday.
The filing is here (https://beta.companieshouse.gov.uk/company/00123414/filing-history/MzIxNDg4MDEzOWFkaXF6a2N4)