Timely Losses

There seems little doubt that Music Festivals, the business that Vince Power floated on the Alternative Investment Market a couple of months ago, is scrupulous when it comes to matters of compliance.

It was punctual Sept. 30 in publishing its first set of interim results, which covered the first six months of the year.

However, Power floated the business June 28 and so Music Festivals’ first-half results covered only two days trading.
For the record, it made a loss of £22,000 in those 48 hours.