EC Meeting November 2018

Bank:

Cash flow remains under pressure. The fifth client cert fees were paid in early November totalling £449k (gross), this took into account a deduction of £10k fines for delays against plan. The next client cert fee invoice is expected in the next few weeks at an estimated value of £279k.

Consideration is being given to options available regarding the investment portfolio.

A key focus of the Finance team in the run in to year end must be to ensure as many customised courses are invoiced as possible.

Bank balance as at 31/10/18 is £471,724.06 (Tomlinsons invoice £448,941.54 payment pending).