⚠️ This is a demonstration environment with fictional data ⚠️

Money

Cash, AR, AP, FX exposure — as of 2026-03-28

DSO 51 days · target 45
J

Tighten AR collections — Aldira specifically

AED 800K, 36 days overdue, no contact since Feb 15. Send formal demand letter today (template T-3 in your library). Pause new business with Aldira pending settlement. If unresolved by 2026-04-15, instruct counsel to issue statutory demand. Aldira's group has UAE assets — recovery probability is high if you escalate; near-zero if you keep emailing the AP clerk.

— Jeeves

critical
J

DSO recovering — keep the discipline

DSO down from 78 (Sep '25) to 51 (Mar '26). That is excellent work. The trend is real, not seasonal. The two clients dragging it up are now Aldira (above) and Umbrella (Invoice #329, AED 6K — symbolic, not financial). Resolve both and you land at industry-leading 42–45 days.

— Jeeves

nice

Cash Position

4 accounts · AED equivalent
Account Type Currency Balance (AED) Note
ENBD — AED Operating
AE07 0260 0010 1145 8201 901
 Operating AED 7820K Free for OpEx & vendor payments
ENBD — Festival Escrow
AE07 0260 0010 1145 8201 902
 Restricted AED 5640K Ring-fenced for festival ticketing — cannot be used for OpEx
HSBC — USD Correspondent
AE19 0200 0009 9988 1144 011
 FX USD 1080K International sponsors and KSA / Qatar projects
Mashreq — WPS Payroll
AE03 0330 0000 4421 7788 110
 Payroll AED 200K WPS — next run 2026-04-01
Total 14740K 9100K unrestricted

Accounts Receivable

3273K outstanding

Current

1810K
Not yet due

1–30 days

651K
Watch list

31–60 days

800K
Aldira AED 800K

61–90 days

0K
Clean

90+ days

12040
Umbrella #329

Outstanding Invoices

Awaiting payment
Invoice Customer Issued Due Amount Status
TCT-2025-156
Solstice Souk 2025 — Aldira Group title sponsorship final
 Aldira Group 2025-12-22 2026-02-20 800K Overdue 36d
TCT-2026-014
ADNOC Innovation Summit 2026 — Final invoice
 ADNOC 2026-02-01 2026-05-02 1102K Sent
TCT-2026-031
Bluewaters AR Walk — Milestone 2 (50%)
 Meraas 2026-02-10 2026-03-27 724K Sent
TCT-2026-038
Aurora Gala 2026 — Change Order #1 (LED dome scope expans...
 Vision Realm Holdings (KSA) 2026-02-26 2026-04-27 USD 110K Disputed
TCT-2026-041
EMAAR Riviera Phase 6 — Milestone 1 (30%)
 EMAAR Group 2026-02-22 2026-04-23 371K Sent
TCT-2026-053
Lantern Bay 2026 — Almas Bank sponsorship
 Sponsor / Direct 2026-01-25 2026-03-26 651K Sent
TCT-2026-329
Umbrella Inc. Atrium — Special Services (spiritual energy...
 Umbrella Inc. 2025-01-02 2025-03-01 12K
6040 balance
 Partial · 5d

Invoice TCT-2026-329 · Detail

Featured · long-running dispute

Section: Special Services

Customer: Umbrella Inc. · Manager: Sheleesh Quereshi

Overdue

Payment

Total Amount

12040

Balance Receivable

6040

Gross Profit

5890

Payment Status: Partially Paid
Expected Payment Date: 2025-03-01

Timing

Work StatusIn Progress
Start Date2025-01-02
Expected Completion2025-02-07
Completion Date—
Delivery Date2025-10-02
Delivery StatusWaiting
Days in Production15
Days Overdue5

Notes

First time failed quality control inspection as items reportedly emitted crying noises.

Further delays occurred when Sheleesh was unavailable for week-long deep meditation retreat for the Ancient Moon Festival, and left a note stating he would return when his spiritual energy aligned with the project timeline.

Accounts Payable

1188K open · vendors
Bill Vendor Project Due Amount Status
LLD-2024-CLM
Ancient Moon 2024 weather cancellation — outstanding insu...
 Lloyds Underwriting Cover ME Ancient Moon Festival 2024 2024-12-14 1310K Disputed (incoming)
DRN-2026-0020
Drone show — Lantern Bay 2026 (40% balance)
 Drone Collective Lantern Bay Festival 2026 2026-04-16 336K sent
ARB-2026-0033
LED dome substructure fabrication — Aurora Gala (scope ex...
 Arabian Fabrication Works Aurora Gala 2026 (Vision Re... 2026-04-18 304K sent
ECL-2026-0072
LED panels — Aurora Gala expansion
 Eclipse Lighting & Visuals Aurora Gala 2026 (Vision Re... 2026-04-14 430K sent
TIK-2026-0007
Ticketing platform fees — Lantern Bay 2026 (6.5% of gross)
 Ticketstream MENA Lantern Bay Festival 2026 2026-03-27 219K sent

DSO Trend · 27 months

Days sales outstanding · target 45 · red ≥ 70
24/01
24/07
25/01
25/07
26/01

DSO peaked at 78 days in Sep 2025 (Ancient Moon Recovery + Family R + DAMAC Sky Tower receivables in flight). Now recovering — currently 51.

Case file · Umbrella Inc.

Disputed account · 12 weeks open · cross-system view
Outstanding (Phase 1)
108K
disputed · 12 weeks open
Phase 2 frozen
620K
Frozen pending resolution of Phase 1 dispute. C...
Staff still loaded
~22K/wk
Sheleesh Quereshi · 60% allocated
Credit limit
400K
Status: watchlist
What each system says about this client
  • HubSpot Contract signed 2024-10-22 · AED 480K · "Atrium special project, 1 phase + option"
  • Asana Project p-2024-012 stalled at 78% · last activity 2026-02-04 · ticket QC-211 unresolved
  • Zoho Books Phase 1 billed across 3 invoices · received AED 372K of AED 480K · final extras invoice TCT-2026-329 (AED 12K, "Special Services") still outstanding
  • Bayzat Sheleesh Quereshi timesheet still allocating 24h/wk to umbrella-* tags
  • ENBD Last receipt from Umbrella: 2026-02-12 (AED 180K partial)

Timeline

2024-10-22 · HubSpot
Contract signed — AED 480K
Sheleesh closes the deal personally. Net 30 terms. No retention clause negotiated.
2024-12-02 · Asana
Phase 1 kickoff
Atrium installation begins. Umbrella facilities team adds last-minute change requests not in scope.
2025-03-01 · Asana
Substantial completion · QC inspection raises 4 findings
Umbrella's QC inspector flags lighting calibration and finish quality. Sheleesh disputes findings as opinion-based, no remediation agreed.
2025-05-14 · Zoho
Phase 1 invoiced in full · AED 480K
Three invoices over April–May for build, install, and special services. Net 30 across all three.
2025-08-30 · Bank
Partial payment received · AED 192K
"Provisional payment subject to QC remediation" per Umbrella memo. Covers main install invoices.
2026-02-12 · Bank
Second partial · AED 180K
Brings total to AED 372K. AED 108K still disputed — including the small TCT-2026-329 extras invoice (AED 12K, "Special Services").
2026-02-15 · Email log
Sheleesh's escalation email goes unanswered
Subject: "Final settlement — Atrium Phase 1." 9 follow-ups since, no response from Umbrella AP.
2026-03-15 · Asana
Phase 2 (AED 620K) frozen by CFO recommendation
Yousef Khoury blocks pre-fabrication PO until Phase 1 settled.
2026-03-28 · Today
Jeeves flags as escalation candidate
Pattern: same head-of-prod owns deal, dispute, and silence. Recommend founder-MD intervention.

Suggested actions

Founder-MD direct call

Bypass Sheleesh; Florian to call Umbrella COO directly. Goal: settle AED 108K within 14 days.

Draft talking points
Statutory demand letter

If no response within 7 days post-call, instruct counsel. Recovery probability high (UAE assets).

Use template T-3
Reassign account

Pattern review: Sheleesh shouldn't own a disputed account he sold. Move to Khalil (acct services head).

Open HR ticket
Jeeves Symbolic AED 108K is not why this matters. The pattern matters: ownership concentration, silence under pressure, frozen Phase 2 worth 620K, and AED 22K/wk staff cost still loaded. Resolve in two weeks or write off and book a clean lesson.
Open invoice in Money →

Brand Experiences · drilldown

Corporate activations, brand launches, gala dinners

campaign Brand Experiences

Target share of revenue: 40% · color #8B5CF6
2026 YTD revenue
4630K
vs plan 18000K · 25%
2025 closed
14640K
vs plan 14000K · 104%
Projects on file
15
10 closed · 2 active
Owner / lead
Marco Reyes
Senior Producer

Recent projects

Last 8 in this unit
Project Event date Status Revenue GP GP %
EMAAR Riviera Phase 6 Handover
BR-2026-EMAAR-Riviera-Final
 2026-05-08 active 354K 0K 0%
Aurora Gala 2026 (Vision Realm KSA)
BR-2026-Aurora-Gala
 2026-04-11 active 1330K 0K 0%
LVMH MENA Excellence Awards
BR-2026-LVMH-Awards
 2026-02-14 delivered 510K 162K 31%
ADNOC Innovation Summit 2026
BR-2026-ADNOC-Innovation
 2026-01-29 delivered 1820K 600K 32%
Majid Al Futtaim Holiday Soiree
BR-2025-MAF-Holiday
 2025-12-04 closed 1230K 360K 29%
ADNOC Innovation Summit 2025 (pre-e...
BR-2025-ADNOC-Innovation
 2025-11-21 delivered 1690K 510K 30%
DAMAC Sky Tower Topping-Out Ceremony
BR-2025-DAMAC-SkyTower
 2025-09-28 closed 760K 170K 22%
Chalhoub House Opening
BR-2025-Chalhoub-House
 2025-07-04 closed 1140K 340K 29%
Jeeves Brand experiences are the bread-and-butter — predictable, on-margin, and where most clients enter the funnel. Aurora Gala 2026 is the only live concern — see Production for the live overrun.
Open in Production →

Festivals & Own IP · drilldown

Promoter-side: Ancient Moon Festival, Lantern Bay, Solstice Souk

festival Festivals & Own IP

Target share of revenue: 25% · color #F59E0B
2026 YTD revenue
5810K
vs plan 11000K · 52%
2025 closed
11780K
vs plan 8500K · 138%
Projects on file
7
4 closed · 0 active
Owner / lead
Mathilde Vermeulen
Festival producer · single key person

Recent projects

Last 8 in this unit
Project Event date Status Revenue GP GP %
Lantern Bay Festival 2026
FE-2026-Lantern-Bay
 2026-03-13 delivered 5810K 2250K 38%
Solstice Souk 2025
FE-2025-Solstice-Souk
 2025-12-18 delivered 2640K 560K 21%
Ancient Moon Festival 2025 (Recover...
FE-2025-Ancient-Moon
 2025-09-19 closed 4420K 1410K 31%
Lantern Bay Festival 2025
FE-2025-Lantern-Bay
 2025-03-14 closed 4720K 2040K 43%
Solstice Souk 2024
FE-2024-Solstice-Souk
 2024-12-19 closed 1910K 100K 5%
Ancient Moon Festival 2024
FE-2024-Ancient-Moon
 2024-09-21 cancelled 740K -1200K -163%
Lantern Bay Festival 2024
FE-2024-Lantern-Bay
 2024-03-22 closed 3180K 970K 30%
Jeeves Highest-margin unit, +39% over plan in 2025. Single-key-person risk: Mathilde owns Ancient Moon AND Lantern Bay end-to-end. If she leaves, two festivals lose institutional knowledge overnight. Hire a deputy this quarter.
Open in Production →

Private Commissions · drilldown

Royal, diplomatic, ultra-HNW weddings & milestones

diamond Private Commissions

Target share of revenue: 20% · color #EC4899
2026 YTD revenue
3660K
vs plan 7000K · 52%
2025 closed
6370K
vs plan 5500K · 115%
Projects on file
8
6 closed · 2 active
Owner / lead
Reem Bouhassan
Founder / Creative Director

Recent projects

Last 8 in this unit
Project Event date Status Revenue GP GP %
Family K. Daughter Engagement
PR-2026-FamilyK-Daughter
 2026-04-24 active 1440K 0K 0%
Royal Office (Qatar) — Heritage Rec...
PR-2026-Royal-Q-Reception
 2026-04-18 active 770K 0K 0%
Royal Reception (Sheikh G.)
PR-2026-Royal-Reception
 2026-01-18 closed 1450K 440K 30%
Family R. 60th Birthday
PR-2025-FamilyR-60th
 2025-09-06 closed 1320K 370K 28%
Family A. Wedding Trilogy
PR-2025-FamilyA-Trilogy
 2025-03-27 closed 5050K 1410K 27%
Office of Sheikh G. — Private Engag...
PR-2024-Royal-Engagement
 2024-11-26 closed 1900K 560K 29%
Family Z. 50th Anniversary
PR-2024-FamilyZ-50th
 2024-06-22 closed 1510K 430K 28%
Family K. Wedding
PR-2024-FamilyK-Wedding
 2024-04-19 closed 2280K 640K 28%
Jeeves Steadily lucrative, low-noise. Royal and HNW deals have 100%-upfront or aggressive milestone terms — they don't show up in DSO. Continue to over-invest here; it funds the festival risk.
Open in Production →

Installations · drilldown

Permanent and seasonal experiential installations for developers

auto_awesome_mosaic Installations

Target share of revenue: 15% · color #10B981
2026 YTD revenue
690K
vs plan 6000K · 11%
2025 closed
2545K
vs plan 4000K · 63%
Projects on file
6
3 closed · 1 active
Owner / lead
Sheleesh Quereshi
Head of Production · also Umbrella owner

Recent projects

Last 8 in this unit
Project Event date Status Revenue GP GP %
Umbrella Inc. — Atrium Phase 2 (on ...
IN-2026-Umbrella-Phase2
 2026-06-15 planned 0K 0K 0%
Meraas Bluewaters AR Walk
IN-2026-Meraas-Bluewaters
 2026-05-20 active 690K 0K 0%
Aldar Yas Mall Seasonal Installation
IN-2025-Aldar-YasMall
 2025-08-15 closed 980K 280K 28%
Advantage Development — Lobby Atrium
IN-2025-Advantage-Lobby
 2025-05-22 closed 565K 155K 27%
Umbrella Inc. — Atrium Special Project
IN-2024-Umbrella-Atrium
 2025-03-01 disputed 372K -36K -10%
EMAAR Beachfront — Permanent Light ...
IN-2024-EMAAR-Beachfront
 2024-10-01 closed 1700K 305K 17%
Jeeves Materially underperforming since 2024. Either kill it, find a permanent developer partnership, or invest in a dedicated unit head. Sheleesh is splitting attention and Umbrella is the visible cost of that.
Open in Production →

Monday digest · preview

Sent every Monday 06:00 GST · this week's draft
From: Jeeves <jeeves@corsair-hq.com> To: Florian Becker, Reem Bouhassan, Yousef Khoury Subject: Monday brief · 30 March 2026
Generated 2026-03-30 06:00 GST · ~3 min read · trained on last 27 months

One-line take

Two fires, one breeze, and a champagne dilemma. Aurora Gala bleeding margin while Vision Realm refuses to sign the change order — that is your single largest live risk this quarter. Aldira still ghosting AED 800K. Lantern Bay 2026 sold out; Q1 beat plan by 9.6%.

The numbers

  • Cash unrestricted: AED 9.1M · runway ~98 days · target ≥ 90
  • Q1 revenue: AED 11.51M vs plan AED 10.5M (+9.6%)
  • EBITDA Q1: AED 890K vs plan AED 950K — narrowly missed because of Aurora
  • DSO trailing 90d: 51 days · target 45 · trend improving
  • AR open: AED 3.27M · of which AED 800K is Aldira (47d overdue)
  • Headcount: 18 FTE · payroll 480K/mo · utilisation likely 62% in May

Decisions needed this week

  • Today — Force Aurora Gala change order. Halt fabrication POs until written CO. Florian to call KSA principal before EOD. Margin impact AED 990K.
  • Today — Issue formal demand letter to Aldira Group (AED 800K). Template T-3 in your library. Pause new business with Aldira pending settlement.
  • This week — Decide insurance dispute (Lloyds, AED 1.31M outstanding). Pursue civil suit (NPV +AED 525K, 9–14mo) or write off. Limbo is not a strategy.
  • By 4 April — Renew Bvlgari Marina noise permit before Family K. event on 24 April.
  • This month — Decide on Q2 creative hire. Recommend freeze pending utilisation review.

Wins (for the record)

  • Lantern Bay 2026 sold out three nights · revenue AED 5.81M · GP AED 2.25M
  • Royal Reception (Sheikh G.) closed clean · 100% upfront · cleared 18 January
  • DSO recovering from 78 (Sep '25) to 51 — discipline holding

Calendar — next 14 days

  • 2026-04-01 — Mashreq WPS payroll run (AED 480K)
  • 2026-04-04 — Bvlgari Marina permit deadline
  • 2026-04-11 — Aurora Gala event date (red)
  • 2026-04-15 — Lantern Bay vendor settlement (escrow sweep AED 5.64M)
  • 2026-04-18 — Royal Reception (Qatar) event date
  • 2026-04-24 — Family K. Daughter Engagement event date
  • 2026-04-29 — ADNOC Innovation 2026 payment due (AED 1.82M, Net 90)

Watch list (no action yet)

  • USD AR exposure rising — USD 360K open. Peg holds, but reporting noise.
  • Meraas Bluewaters AR Walk — burn rate +12%, AR vendor stalling. Decision by 10 April.
  • Sheleesh / Umbrella ownership pattern — managerial conversation, not project conversation.

Reply to this email to ask Jeeves a question, or open Corsair to drill in. — J.

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