Saturday , July 21 2018
Home / FT Alphaville / People go for subsidised services, who knew!?

People go for subsidised services, who knew!?

Deliveroo’s 2016 company accounts filed this week reveal……. a 12-month loss of *£132.7m vs £30m lost a year earlier.The positive spin is focuses on the company’s stellar growth in revenues from £18m to £128m in the year, but with a cost of sales of £127.4m one’s got to ask whether a conventional investor or entrepreneur would really see any potential in such a business?After all, the company’s gross operating margin is all but non-existent.When you consider the potential margin destruction that may arise if and when Deliveroo workers — who have been lawyering up on the back of the raw deal they now realise they’ve been getting with respect to wages and worker rights — get their way on better terms, the business model in question begins to look more non-profit/charity-like by the

Izabella Kaminska considers the following as important:

This could be interesting, too:

Alexandra Scaggs writes Thought for the weekend

Sujeet Indap writes Jonathan Knee explains 25 years of Wall Street’s evolution

Paul Murphy writes The Beaufort sting

Thomas Hale writes The green multiplier effect

Deliveroo’s 2016 company accounts

Izabella Kaminska
Izabella Kaminska joined FT Alphaville in October 2008, which was, perhaps, the best time in the world to become a financial blogger. Before that she worked as a producer at CNBC, a natural gas reporter at Platts and an associate editor of BP’s internal magazine. She has also worked as a reporter on English language business papers in Poland and Azerbaijan and was a Reuters graduate trainee in 2004.

Leave a Reply

Your email address will not be published. Required fields are marked *