It's notoriously difficult to put a value on a company

and especially one in such an unpredictable business.

It's a mixture of cash position, cash flow, assets and liabilities.
Cash flow and debt have become especially important in these financially troubled times.
It could be said that the value of NCFC has fallen significantly in the last year, especially as it's a business with operating losses. Even though the debt is supposedly covered, those operating losses seriously undermine the whole value.

I don't have access to the accounts, and I'm not an accountant, but giving an inflated value to the club, as Delia & Co did, is merely the first step in reaching a mutually satisfactory value.

Posted By: Worzel Scrimmage on February 15th 2009 at 00:10:41

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