SUPPLY@ME CAPITAL PLC Supply@ME has proven its concept, with a successful initial transaction
The business is now actively pursuing clear opportunities for growth
Annual Report and Accounts 2022
We are now building on the lessons learned, to realise the opportunities presented following the proof of concept, and to grow the business.
Contents
Strategic Report | Financial Statements | ||
2 | Highlights | 94 | Independent Auditor's Report |
4 | Chairman's Statement | 100 | Consolidated Statement of Comprehensive Income |
6 | Chief Executive Officer's Statement | 101 | Consolidated Statement of Financial Position |
8 | Investment Case | 102 | Consolidated Statement of Changes in Equity |
9 | How are we Different | 103 | Consolidated Statement of Changes in Cash Flows |
10 | Business Model Canvas: Our Value Proposition | 105 | Notes to the Consolidated Financial Statements |
15 | Our Platform | 152 | Company Statement of Financial Position |
18 | Key Strategic Priorities | 153 | Company Statement of Changes in Equity |
25 | Our Team | 154 | Notes to the Company Financial Statements |
30 Engaging with our Stakeholders
32 | Financial Review | Information | |
38 | Environmental, Social and Governance Review | 174 | Company Information |
40 | Principle Risks and Uncertainties | 175 | Glossary |
Corporate Governance Report
- Corporate Governance Introduction
- Directors' Infomation
50 Statement of Compliance with the QCA Corporate Governance Code
- Report of the Nominations Committee
- Report of the Audit Committee
- Directors' Remuneration Report
- Report of the Directors
Company registration number: 03936915
Strategic
Report
1Supply@ME Capital Plc Annual Report and Accounts 2022 Strategic Report
Highlights
While 2021 was the year in which the various components that make up the Supply@ME Capital Plc (Supply@ME) platform and model came together, 2022 was when we proved the concept worked. We facilitated the first inventory monetisation transaction and forged a partnership that provides the funding to complete several more.
We overcame the hurdle that has held the business back, namely, reluctance to finalise transactions with a platform that did not have a clear track record. This applied to both corporates and funders.
There is now momentum, we have a clear pipeline of inventory to monetise in our core markets. Funder discussions have become more focused and interest from potential client companies has increased significantly.
Our platform has been enhanced and we have continued to add additional expertise to our team. Our business
is now being tested and refined through the experiences of third parties, both corporates and funders, and while our processes will continue to be enhanced, this is no longer the primary focus. We are now building on the lessons learned, to realise the opportunities presented following the proof of concept, and grow the business. Progress will not always be as fast as we would like, but it will now be more discernible to external stakeholders. The investments we have made in our technology and capabilities are beginning to generate clear returns. While these have not yet been reflected in our financial results, the rapid expansion of our pipeline is indicative of the heightened interest in the services we offer.
Financial KPIs
Total revenue from continuing | Adjusted operating (loss) from | (Loss) before tax from continuing |
operations | continuing operations* | operations |
£0.1m | (£4.6m) | (£7.7m) |
£0.3m in 2021 | (£4.0m) in 2021 | (£7.0m) in 2021 |
(Loss) from discontinued | Total Group assets | Total Group net (liabilities) |
operations | £8.3m | (£2.0m) |
(£2.2m) | ||
(£5.1m) in 2021 | £10.5 at 31 December 2021 | (£1.4m) at 31 December 2021 |
*Adjusted operating loss from continuing operations is the operating loss from continuing operations before impairment charges.
2 Supply@ME Capital Plc Annual Report and Accounts 2022 Strategic Report
Operational KPIs
Warehoused goods monetisation pipeline at 21 April 2023
£374.6m
£164.8m at 24 May 2022
The pipeline KPI represents the current potential value of warehoused goods inventory to be monetised rather than pipeline revenue expected to be earned by the Group. As such, this provides a good indicator of the level of demand for the Group's warehoused goods monetisation services. This pipeline represents the value as at most practical date possible prior to the issue of this annual report (being 21 April 2023).
3 Supply@ME Capital Plc Annual Report and Accounts 2022 Strategic Report
Attachments
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Disclaimer
Supply@ME Capital plc published this content on 28 April 2023 and is solely responsible for the information contained therein. Distributed by Public, unedited and unaltered, on 28 April 2023 14:46:11 UTC.
