Fascia Financials
The current economic climate has naturally created a widespread feeling of financial uncertainty. At Fascia Graphics we feel that 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 payment to large organisations e.g. VAT & Inland Revenue.
- There is minimal reliance on outside finance houses and to date we have only two lease purchase agreements outstanding for two motor vehicles.
- 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.
- All the fixed assets and other assets are owned by Fascia Graphics Limited.
To view the Fascia Graphics balance sheet as at 31st March 2009, please click here
