Jump to content

Alamy's 2020 Financial Results


Recommended Posts

On 09/10/2021 at 19:14, FocusUno said:

if some chap is willing, interpretation of report...?

 

HAVE A CUP OF EARL GREY
WITH SOMEONE NAMED EARL GREY 
TODAY

YOU'LL BE DOUBLY CHUFFED

Total sales revenue went down - by £1.6M to £20.7M which Alamy blame on "market conditions during pandemic"

However profits rose by £0.6M to £3.0M "driven [by?] strong cost controls in the period"   - typo in 1st paragraph?

But I notice that the profits in 2019 were reduced by a £1M write-off of a loan to ManyThing/VideoLoft, so I think, in reality, Alamy's underlying profitability has reduced, in spite of James West's commission rate cut for contributors non-exclusive images.

There's lots of financial waffle and standard auditor statements but I find the report is light on detail (e.g. turnover from the US office we helped fund, number of contributors etc.), presumably because they aren't trying to attract shareholders. Contributors are barely mentioned.

 

Mark

Edited by M.Chapman
  • Upvote 2
Link to comment
Share on other sites

1 minute ago, M.Chapman said:

Total sales revenue went down - by £1.6M to £20.7M which Alamy blame on "market conditions during pandemic"

However profits rose by £0.6M to £3.0M "driven [by?] strong cost controls in the period"   - typo in 1st paragraph?

But I notice that the profits in 2019 were reduced by a £1M write-off of a loan to ManyThing, so I think, in reality, Alamy's underlying profitability has reduced, in spite of Jame's West's commission rate cut for contributors non-exclusive images.

There's lots of financial waffle and standard auditor statements but I find the report is light on detail (e.g. turnover from the US office we helped fund, number of contributors etc.), presumably because they aren't trying to attract shareholders. Contributors are barely mentioned.

 

Mark

I'd say a commission cut was a pretty "strong cost control".

  • Upvote 2
Link to comment
Share on other sites

2 minutes ago, M.Chapman said:

Total sales revenue went down - by £1.6M to £20.7M which Alamy blame on "market conditions during pandemic"

However profits rose by £0.6M to £3.0M "driven [by?] strong cost controls in the period"   - typo in 1st paragraph?

But I notice that the profits in 2019 were reduced by a £1M write-off of a loan to ManyThing, so I think, in reality, Alamy's underlying profitability has reduced, in spite of Jame's West's commission rate cut for contributors non-exclusive images.

There's lots of financial waffle and standard auditor statements but I find the report is light on detail (e.g. turnover from the US office we helped fund, number of contributors etc.), presumably because they aren't trying to attract shareholders. Contributors are barely mentioned.

 

Mark

 The accounts were for the year ended Dec 31st 2020 so the commission cut would have hardly been factored in to the accounts Mark.

  • Upvote 1
Link to comment
Share on other sites

6 hours ago, spacecadet said:

I'd say a commission cut was a pretty "strong cost control".

Indeed, but it didn't seem to manage to improve the ratio between sales revenue and cost of sales. Mmmm....

Unfortunately cost of sales isn't broken down and there's no details of commission paid, unless I missed it.

 

Mark

6 hours ago, BobD said:

 The accounts were for the year ended Dec 31st 2020 so the commission cut would have hardly been factored in to the accounts Mark.

James West's change, not Shelleys more recent cut

 

Mark

Edited by M.Chapman
  • Upvote 2
Link to comment
Share on other sites

Create an account or sign in to comment

You need to be a member in order to leave a comment

Create an account

Sign up for a new account in our community. It's easy!

Register a new account

Sign in

Already have an account? Sign in here.

Sign In Now
 Share

×
×
  • Create New...

Important Information

We have placed cookies on your device to help make this website better. You can adjust your cookie settings, otherwise we'll assume you're okay to continue.