A business accelerating at +107% (2021) and +77% (2022) was destroyed by 6 unlawful lockouts, causing a 77% revenue collapse and 5 staff resignations. This page documents the trajectory, the destruction, and the quantum of loss.
Source: L04_Historical_Revenue.pdf. All figures are IP (Intellectual Property) licensing revenue from HMRC records.
Business was ACCELERATING when destroyed: +107% (2021), +77% (2022). The CAGR post-COVID was 91.7%. The last 3-year CAGR was 53.6%. This was not a struggling business. It was a business on an exponential growth trajectory that was terminated by external interference.
5 members of staff resigned as a direct consequence of the 6 lockouts by LRP/Vista. The lockouts made it impossible to operate the business, retain clients, or pay staff. Every resignation is causally linked to the unlawful forfeiture.
These are the revenue projections from the company's investor pitch deck, prepared before the lockouts began. They were based on the demonstrated growth trajectory and were validated by a sophisticated international investor who committed £600,000 on the strength of them.
The projections were not speculative. A substantial international investor conducted due diligence and committed capital on the basis of the company's trajectory.
A company with 27M EUR in annual revenue and 80 employees does not invest £305,000 in a business without conducting due diligence. The investment is independent third-party validation that the growth trajectory was real, the projections were credible, and the business had substantial future value. The investor subsequently withdrew the remaining £295,000 commitment because the lockouts made continuation impossible.
Discounted cash flow analysis using 30% EBITDA margin, 12% WACC, and 10-year projection period. Three scenarios bracket the range of likely outcomes.
| Scenario | NPV | Assumptions |
|---|---|---|
| Conservative | £2,135,569 | Below-trend growth, 30% EBITDA margin, 12% WACC |
| Moderate | £3,563,184 | Moderate growth, 30% EBITDA margin, 12% WACC |
| Historic trend | £15,871,234 | Continuation of demonstrated growth trajectory |
But for the 6 unlawful lockouts by LRP/Vista, the business would have continued on its demonstrated trajectory. The growth was accelerating, not decelerating. The investor was committed. The staff were in place. The revenue was compound-growing at 53.6% per annum.
The lockouts caused the staff to resign. The staff resignations caused the revenue to collapse. The revenue collapse caused the investor to withdraw. The investor withdrawal eliminated the capital needed for the next growth phase. Every link in this causal chain is documented and evidenced.
These are the losses that have already been incurred and can be precisely quantified. They represent the minimum floor of the claim, independent of any future loss projection.
| Head of loss | Amount | Basis |
|---|---|---|
| Lost revenue (2023 collapse) | £484,241 | Peak 624,568 minus actual 140,327 |
| Investment withdrawn | £600,000 | Ferdinand Steinhuber withdrew 600,000 commitment |
| Double payment (undisclosed) | £4,572 | LRP collected double payment without disclosure |
| Property destroyed | £50,000 | Business property destroyed during lockouts |
| Crystallised total | £1,138,813 |
The crystallised losses of £1,138,813 represent only the already-incurred, precisely quantifiable portion of the loss. The full quantum, including future loss of profits valued at the DCF midpoint of £11,817,871, is substantially higher. See the full quantum analysis for the combined figure across all three claims.