In terms of financial reporting,...
...we produce a management accounts pack every four weeks,...
...so thirteen four-weekly periods during the year.
We try to get those completed within three weeks at the end of each period.
That compares, if we go back to the 1990s...
...there would be a quarterly profit and loss account,...
...and that would be produced by the end of the following quarter.
And it was a small business...
...and I think then all of the key executives knew what was going on in the business anyway,...
...and they didn't need those figures at hand.
But now, the business is so large at 210,000,000...
...that you really do need each division needs to be reported on each profit centre,...
...needs a report so that any problems could be identified as quickly as possible,...
...and any appropriate action taken.
