=+Question 3 Limetree Limited was founded by Cindy and Eugene Lemmon in 1985. The company manufactures and distributes luxury soft furnishings to the retail trade in Ireland. In 720 INTERNATIONAL FINANCIAL ACCOUNTING AND REPORTING common with many start-ups, the company encountered some financial difficulty in the early years. However, with the support of its bank it has managed to grow and prosper. Its revenue and profitability levels have increased each year since 1988, helped by the demand for new houses.