Fascia Financials
In the current economic environment Fascia Graphics® believes it is even more important to demonstrate financial transparency so that customers (retained and potential) and suppliers are fully aware of our strong financial position in the marketplace.
Over recent years, Fascia Graphics® has taken a number of key decisions in order to strengthen its balance sheet. The points (detailed below) are not a complete list of these decisions but these actions, in particular, will ensure Fascia Graphics®’ future in the short, medium and long term:
- We have striven for a lower reliance on our bank. As with most companies we have negotiated an overdraft facility that we use from time to time depending on cash flow and payments to large organisations e.g. VAT & Inland Revenue.
- Some years ago we purchased our premises with a limited mortgage at a favourable rate tracked to the Bank of England base rate. With interest rates at a historic low, this continues to leave the company in an advantageous position.
- Fascia Graphics® Limited owns all fixed assets and other assets.
- There is minimal reliance on outside finance houses and to date we have only one lease purchase agreement outstanding for one motor vehicle and a digital print facility.
To view the Fascia Graphics® balance sheet as at 31st March 2011, please click here
