Included within the amounts owed by related parties at the year-end are the following balances:
Franklin Fitch Inc (USA) – £13,438 (2023: £68,801)
Included within the amounts owed to related parties at the year-end:
Franklin Fitch Limited – £37,095 (2023: £47,613)
Franklin Fitch Recruitment Contract Limited – £12,200 (2023: Asset £16,250)
All of the above companies are under common control. The balances relate to intercompany recharges for management services, shared operational expenses, and administrative support functions. These transactions are conducted on an arm’s length basis and are settled in the normal course of business.
During the year to 30 November 2024 dividends of £130,000 (2023: £130,000) were paid to director S Ewer.