[Dancingwilldoit]

According to the chairman's report the true los was closer to £1 mill but doesn't say why. There is also no mention of a plan to reduce our overhead to stem any losses.
There's also a note from the auditors that in their opinion an amount of nearly 600k which has been amortized over a few years could be due at anytime.
Best of all the figures include an insurance payout of just under 500k.
Taking everything into account I reckon the loss is a damn site nearer to 4 million rather than 1 million.