Pelicans’ office has received unpaid invoices again.
Lahti’s Pelicans’ financial murmurs has been reported in recent years. Last September, four new payment default entries were registered for the background company of the Finnish Champions League club. Only one of them has been paid.
The total amount of three open default defaults is EUR 21,967. On 26 September, a unilateral judgment as a debt is issued on 26 September.
The defendant who has received a unilateral sentence may appeal to the decision within 30 days.
The recent payment behavior report, in turn, reveals that Lahden Pelicans Oy has three open payment delay. The largest of these is as much as € 35,800 and applies to rental rental.
In September, the company paid off its 40,000 euro payment delay.
The Pelicans are currently third in the SM League.
Low liquidity
Pelicans in Lahti is difficult both in the rink and outside the rink. Tomi Natri / AOP
Iltalehti asked an outside analyst to see the Pelicans financial figures.
The analyst looked at the financial statements of the entire Group, which had been made from the previous two years. The Group includes Pelicans Restaurant Oy and Advertisingkaari Oy, wholly owned by Lahden Pelicans Oy.
During the other financial year, the Group’s business loss was EUR 136,400 and for the latest financial year EUR 474,900.
Business costs have been higher than the return, as EBITDA has also been negative in both years.
According to the balance sheet of the end of April, the Group had a short -term debt of EUR 3.14 million. There were a total of EUR 2.25 million of short -term receivables and cash funds, leaving nearly EUR 890,000.
Thus, the financial gap cannot be repaired through income financing, and the Group’s liquidity is poor in the light of the figures.
Getting a loan is also difficult. The Group’s equity ratio is only 16 %, while banks’ general equity ratio is at least 35 %.
– At the end of April, the Group’s equity was only EUR 736,242, and when the loss was EUR 589,717 for the last financial year, the second corresponding year of loss could take the rest of his or her capital, says Analyst.
Monies to the wedding?
Pelicans’ equity has been confirmed by an upgrade of approximately EUR 880,000. However, it does not bring any more money to the company, but is an accounting thing.
The emergence of payment default entries is logical when the financial situation is tight.
– Generally, payment default entries also lead to the company’s ability to obtain credit or pay time for invoice payment, which in turn further tightens liquidity.
One way of salvation could be a visit to the Pelicans’ wallet. For example, the F1 driver is sitting on the board of directors of the company Valtteri Bottas and drummer Sipe Santa Claus.
For example, a share issue could be relieved for the acute liquidity problem, where old owners would capitalize on the company.