Originally Posted by
pineapple stu
Their operational expenses are over 50% of their turnover (E1.1m of E2.0m), and their in trouble. That's not a coincidence. You have stuff like bad debts of E33k, audit of E18k, pre-season costs of E35k, etc - a lot of costs which could be cut down. Their cost control is poor, and I think having operational expenses higher than 35% of turnover is indicative of that. It was a general intuitive supposition; I'm not required to back that up with specific proof, FFS. You can have a look at the figures and form an opinion for yourself, or ignore it, but preferably do it without moaning like a girl.