Walked through the investor presentation of a £5M UK microcap that basically gets paid to throw luxury corporate parties for billion-dollar companies.
One client wanted a penthouse suite in Las Vegas transformed into a private CES experience with custom interiors, snooker tables, massages, hospitality staff, and branded showcases for industry executives.
Another wanted a sports stadium built on a beach at Cannes.
The business generated £20M+ revenue last year.
Capex was £55k.
The market currently values the entire company at £5.45M because the accounting around event deposits and working capital swings makes the financial statements look like they were assembled during a power outage.