JUNE 2024
Welcome to the meeting!
Controlling stock levels and cash flow in a time of rapid growth. Evaluating risk factors, including Forza's new goal launch.
Agenda
Tuesday, June 13th.
20:00 – 20:20
Results & Financial Report + Exit discussions
Presentation of result January to up to date June, plus 3 months Cash Flow forecast.
20:20 – 20:40
Stock, Logistics, & POs
Stock status. Evaluating the stock balance and number of SKUs. New PO needs and cash flow risks. How much risk are we willing to take? Optimising strategy
20:40 – 21:10
Product Development
Status update for new product launches and developments. Beast, Alu. goals, and gear report.
21:10 – 21:40
Market Strategy
USA development. FA and Club marketing partnerships evaluation. Spain, France, and other new markets. Are we over reaching compared to resources?
21:40 – 22:00
Sales Report
Sales highlights and new key prospects.
22:00 – 22:20
Staff Report
Are we under-staffed and is this slowing our growth potential? USA assistant needed.
Exit/Sales strategy for Parklife Ltd
Board of Directors in Parklife Ltd have a goal to sell Parklife Ltd before end of 2026. The aim is to sell 100% of the shares in the Company, but it may be considered to sell part of the Company if no 100% bid is available.
A favoured buyer would be a Company which could implement Parklife`s product portefolio without needing the full organization/manpower. Such a favoured buyer would most likely be able to pay the best price. Parklife would search for and contact such favoured possible buyers.
If no interest is reached by mid 2025, Parklife will hire consultants to help find possible buyers.
Entering 2025, Parklife will focus both on revenue growth, but particularly on the cost base in order to maximize profits in 2025 and 2026.
After tax profits of plus £500000 in 2025 and following years should be a goal. Sales price is probably most sensitive to documented profits, but definately sensitive to such factors as potential, IP status, growth trend, R&D etc as well.
Dividend to shareholders
Strategy over a decade and more has for Parklife been primarily to generate its needed working capital through own profits. secondly, new share capital has been a solution. This strategy is still valid.
Dividend to shareholders should for this reason be a result of firstly prioritize working capital needs based on realistic budgets and consequently dispose rest of profits/yearly results to shareholders dividend. Dividend proposal from Management should be considered and decided by BOD.
Board of Directors in Parklife Ltd have a goal to sell Parklife Ltd before end of 2026. The aim is to sell 100% of the shares in the Company, but it may be considered to sell part of the Company if no 100% bid is available.
A favoured buyer would be a Company which could implement Parklife`s product portefolio without needing the full organization/manpower. Such a favoured buyer would most likely be able to pay the best price. Parklife would search for and contact such favoured possible buyers.
If no interest is reached by mid 2025, Parklife will hire consultants to help find possible buyers.
Entering 2025, Parklife will focus both on revenue growth, but particularly on the cost base in order to maximize profits in 2025 and 2026.
After tax profits of plus £500000 in 2025 and following years should be a goal. Sales price is probably most sensitive to documented profits, but definately sensitive to such factors as potential, IP status, growth trend, R&D etc as well.
Dividend to shareholders
Strategy over a decade and more has for Parklife been primarily to generate its needed working capital through own profits. secondly, new share capital has been a solution. This strategy is still valid.
Dividend to shareholders should for this reason be a result of firstly prioritize working capital needs based on realistic budgets and consequently dispose rest of profits/yearly results to shareholders dividend. Dividend proposal from Management should be considered and decided by BOD.
