£56k tangible – hard to evaluate intangibles and even harder to sell (probably branding or something similar). However that dropped from £191k to £33k up to June 2021. Liabilities have reduced – probably written off loans – but we’re still showing a liability of (£2.3m) with fixed assets of £56k so to be solvent we need to ensure money is coming in through gate receipts. I’m struggling as to where he gets his valuation from without seeing what other assets are included in the sale (Coolsilk stuff)
