Kodak Warning + Later Clarification

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BrianShaw

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Why would they still (agan?) release financial reports to public?

Last such report that they were required to publish was on fiscal year ending March 2023.

In all politeness and curiousity... why wouldn't they? Do you have information verifying that they are no longer intending to publish an Annual Report, whether "required" or not?
 

koraks

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whether "required" or not?

Why would a business publish financial details if they're not required to? Doing so involves a lot of effort, it costs money, it provides information to competitors you'd prefer them not to have, etc. It's ultimately the same set of reasons why you don't annually report how much you've earned in the past year, how much you spent on gas, how your overall relationship with your spouse has been, etc. It's just none of anyone's beeswax, so you don't spill the beans.
 

BrianShaw

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Why would a business publish financial details if they're not required to? Doing so involves a lot of effort, it costs money, it provides information to competitors you'd prefer them not to have, etc. It's ultimately the same set of reasons why you don't annually report how much you've earned in the past year, how much you spent on gas, how your overall relationship with your spouse has been, etc. It's just none of anyone's beeswax, so you don't spill the beans.

Well... they've published an Annual Report for 8 years. I guess to really know why or why not, you should ask them why they did in the past and if they intend to continue in the future. I wouldn't know that much about their inner workings.
 

BrianShaw

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Other than the fact that they’ve decided NOT to publish them for the past two years? No.
I believe they still are a Private Limited Company in England and are required to submit an annual accounting (to the government, not necessarily the public).

Looking a this link, it appears that they submitted their annual account for 2024. As we both know, they have not released it on the company website. I guess we'll have to wait and see if they plan to continue releasing it.

 
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I imagine they produce annual financial reports (certified) for banks if they're borrowing money for example. But those reports are kept confidential. No need for Annual Reports. Is there a requirement in England for public exposure?
 

MattKing

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I imagine they produce annual financial reports (certified) for banks if they're borrowing money for example. But those reports are kept confidential. No need for Annual Reports. Is there a requirement in England for public exposure?

In the UK and in much of the rest of the common law world, the privilege of being able to set up a corporate entity, usually with limited liability, is accompanied by a corresponding legal obligation.
Corporate entities created under statutory provisions are required to keep financial records and publish publicly those records in a form required under those statutory provisions.
The major exceptions to that otherwise general rule are, AFAIK, the USA and Canada.
In the UK and other similar parts of the world, if you want to keep things private, you use a private business structure such as a sole proprietorship or a partnership between individuals.
In the UK and other similar parts of the world, if you want the benefits of the artificial construct that is an incorporated entity, you need to be willing to share more with the world.
 

dcy

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Why would a business publish financial details if they're not required to? Doing so involves a lot of effort, it costs money, it provides information to competitors you'd prefer them not to have, etc.

Who exactly are the competitors of Kodak Alaris?
 
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