Reading company accounts and statements can be very tedious. However, occasionally small gems appear in the minutiae.
In a trading statement originally released in December 2005, Findel’s Chairman Keith Chapman gave a basic outline of the huge growth his company had experienced in its educational supplies division (up 55% to £115.9m). While this was largely due to two acquisitions, he also let slip that, ‘The division has this year successfully worked with certain well-known national retailers to assist schools in the purchase of sports equipment.
These promotions are ongoing and will not complete until the end of March, with the majority of the sales falling in the second half’. That wouldn’t happen to be the Sainsbury’s Active Kids programme that gave away £17m worth of sports kits to UK schools would it?
