Our net asset value at the end of financial year amounted to £4,886,686 (2019: £5,111,160). The group's net debt
totalled £1,444,484 (2019: £365,913). The movement in cash is mainly attributable to costs associated with the
transformational capital expenditure incurred at our Clockwork outlet as well as Bauhaus, our new outlet in the west end
of Glasgow, where we also negotiated an extension of the lease to twenty-five years on advantageous terms, formalised
the class use and regularised the licensing consents to afford a greater food and beverage offering over longer opening
hours. The outlet can also claim to have the largest beer garden in the west end of Glasgow, a status of considerable
value in the new post Covid-19 environment which beckons.
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