Analyse this study, using the SWOT and TOWS model, evaluate the financial position of j.bird

J Bird Limited J Bird Limited started out as a coffee business that was owned by a family and was created in the 1990 s by Bianca and Ben Crosby, along with their daughter Jane, who they called their little 'J.Bird'. Jane is currently the Chief Executive Officer of the company. J.Bird is currently a network of 80 coffee businesses that can be found all throughout the United Kingdom and the Republic of Ireland. These stores provide freshly prepared sandwiches, sausage rolls, pies, and other baked goods. The company now employs over 1000 staff. Sandwiches are freshly baked in-store every day, whereas the famed Crosby Sausage Rolls, along with other savory pies and pastries are manufactured in the company's facility in Newry, Northem Ireland. J Bird Limited is in the process of expanding its business and determining its next course of action. Either they could 1. Sell their products to other businesses, 2. Create pies and pastries for other brands within their factory. Both options were available to them. J.Bird had set the goal of expanding their internet presence as a component of a goal for the midterm. This goal was pushed up a notch since there was a surge in the number of online orders that were placed as a direct result of the epidemic. As a consequence of this, the corporation started an expansion programme during the summer of 2021 and set its sights on establishing a highly successful and highly efficient online presence. During the fiscal year that ended on June 30, 2022 (the "FY22"), the company made significant investments with leading information technology providers and designers to enable customers to place orders online, order products in advance for takeout collection, and create facilities where customers can order from kiosks in-store and place orders using their smartphones while seated at a table. In addition to the foregoing, the company intends to expand its existing menu from 60 to 120 products and boost manufacturing capacity by 40% at its Northern Ireland plant over the next three years. During the following three years, it is anticipated that all of the above will cost a total of 50 million. This may be summarized as follows: - 31 million has already been invested on additional land (to develop their present facility), equipment, new internet technologies, and the renovation of existing coffee shops; - An additional 12 million is allocated to expand the Newry facility; and - An additional 8 million has been budgeted for the expansion of menu items and production capacity. This is wholly financed by a loan covenant agreement that prohibits J.Bird Limited from obtaining any more debt financing. Owing to the remodeling of existing facilities, the majority of outlets were closed for an extended period at the end of FY22, resulting in a decline in sales during those months. As a result, the firm sustained a loss throughout this period, resulting in cash flow constraints. In February 2020, right before Covid-19, a fire broke out at one of the company's busiest UK shops, seriously injuring five employees. In November 2020, the regulatory agency fined J.Bird Limited $7.5 million for violating Health and Safety at Work rules. In addition, a lawsuit has been fled against the corporation claiming damages totaling 5 million. As part of the complaint, the business is accused of failing to adopt adequate controls and safeguard its employees. Based on the recommendation of their legal counsel, who claimed that it is extremely probable that the company would lose the lawsuit (scheduled for trial in December 2022), the company has put aside the whole 5 million to compensate for such damages. The controversy in 2020 revealed inadequate Corporate Governance and sparked a series of high-profile (and widely publicised) disputes between board members. Throughout the Covid-19 epidemic, difficulties within the board have persisted and intensified. Following the release of the firm's financial accounts for 2022 , both the finance director and his wife, the sales and marketing director, quit the organisation. In the fiscal year ending 30 June 2023, the company must pay them a total of 150,000 in severance compensation. Fortunately, the company was able to hire a new finance director quite quickly. Unfortunately, the company now lacks a sales and marketing director; thus, it will need to spend between 20,000 and 30,000 in the fiscal year ending 30 June 2023 to discover and attract a creative individual for this position. Jane Crosby concurs and believes that the scope of the report should be expanded to include the current turmoil caused by Brexit and how the uncertainty surrounding the related agreement will affect their 25 outlets in the Republic of Ireland, given that these outlets are also serviced by the Newry factory. There is no group business, and any currency rate disparities between outlets in the ROI and the United Kingdom are charged to the income statement in the applicable year. Appendix 1 Jbird Limited Profit and Loss Account for the years ended 30 June Appendix 1 Jbird Limited Statement of Financial Position as at 30 June \begin{tabular}{lrrr} & 2022 & 2021 & 2020 \\ Non Current Assets (Note 2) & E000 & E000 & E000 \\ Land \& Buildings (Note 3) & & & \\ Equipment & 50,000 & 32,000 & 30,000 \\ Motor Vehicles & 54,000 & 35,000 & 32,000 \\ Current Assets & 1,000 & 500 & 450 \\ Inventory & 105,000 & 67,500 & 62,450 \\ Trade Receivables & 4,500 & 9,000 & 8,000 \\ Other Receivables & 100 & 130 & 110 \\ Cash & 47 & 40 & 30 \\ & 19,900 & 15,000 & 12,568 \\ \hline Total Assets & 24,547 & 24,170 & 20,708 \\ & & & \\ \hline \end{tabular} Liabllities Current Labilities Trade Payables Other Payables (Note 4) \begin{tabular}{rrr} 1,000 & 12,000 & 4,570 \\ 34,990 & 33,000 & 26,000 \\ \hline 35,990 & 45,000 & 32,570 \end{tabular} Non Current Llablitien Lean Notes (Note 5) \begin{tabular}{lrrr} \cline { 2 - 4 } Net Assets & 43,557 & 46,670 & 50,5,88 \\ \cline { 4 - 4 } & & & \\ Equity & & & \\ Ordinary Shares of Al each & 25,000 & 25,000 & 25,000 \\ Retained Profit & 18,557 & 21,670 & 25,588 \\ \hline & 43,557 & 46,670 & 50,588 \\ \hline \end{tabular} 2. Non Current Assets Non-current assets are shown at their written down values. 3. Land and Buildings Land and Buildings have a market value of 50 million as at 30 June 2022 4. Other Payables The firm has set asset 5m under other payables which they expect to pay out in damages in an ongoing court case which will be concluded by the end of 2023 . 5. Loan Notes The loan notes are secured on all of the firm's non-current assets 6. Dividends Dividends of 8.2m were declared in FY20, 6.1m in FY21 and 3m in FY22