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Financial Statements CW Report
Finance & Accounting
Pages 9 (2259 words)
Executive Summary Prime Bank Limited has been approached by Burke plc, a restaurant chain managing company, for a long term loan in order to expand its operations. The financial outlook of the company looks stable. Although the net profit and gross profit margin of the company has decreased during the year, the asset base of the company has significantly increased.
Burke plc is a renowned name in the mid-priced dining restaurant industry. The company, since its inception, has flourished by leaps and bounds and has been able to establish a chain of restaurants operating in various towns all across the UK. The company had been enjoying strengthen financial outlook in the prior years, but due to the increased competition and repercussions of the recession, the management is of the view that the company requires substantial funds in order to reform its operational strategy and further increase its market share. The management plans to refurbish few old restaurants in order to attract new customers and restore its profitability. With the availability of funds, Burke plc would also be able to manage its working capital requirement in the most appropriate manner. The company can hire new workforce, acquire state of the art machine and open up new restaurants in order to enhance its market share in the industry. The closest competitor of the company is Hare plc which also holds a substantial market share of the industry. ...
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