Originally Posted by asbojohn
The accounts for 2024 have now been published. I wont pretend to understand how it works at this level.

Can someone with more accounting knowledge make sense of them?

Accounts
I have not reviewed the numbers but suggest this extract from the latest MMC Strategic Report on page 3 sums up their corporate situation.....

The main risk of the company and its subsidiaries is the ability to continue to trade at a profit. This requires delivery of a
strong order book by the Morgan dealership network combined with a focus on gross and net margins. The company's
strategy in managing this risk relies upon the teams at the factory and its dealers delivering a level of sales and satisfaction
to customers. The delivery of target gross and net margins relies on efficient manufacturing and effective procurement. These
factors, along with the accuracy of sales forecasts, have a direct impact on the company's stock holding.

So there you have it.

A Morgan Identified Fastidious Owner...
2011 4/4 Bespoke, 1981 Delorean, Auburn Boat Tail