Premium knives firm eyes growth after Crowdcube success
Summary
"We have worked incredibly hard to get our team, systems and processes right, investing a lot over the last three years," he said. "This in turn has begun to impact our P&L (income statement) in a positive way, but not enough to allow us to prepare the business for scaling. "Investment will now allow us to elevate these systems and processes, which will in turn impact our P&L greatly and allow us to use those profits in time, to buy the necessary stock required to hit our growth targets. "We would most likely return if the looming recession really hits the UK hard and has a severely negative effect on our bottom line. "If we can make the right decision to keep the business profitable and reduce our costs, while we navigate the next 6/12 months of choppy water, we wont have to return to Crowdcube.