East End Old Boy Posted March 26, 2020 Report Share Posted March 26, 2020 19 hours ago, kit said: Companies house are granting three month extensions for june 30th accounts due to be filled by the end of this month currently. Could be a long wait still to see the state of their last 18/19 accounts. This news then never got through to them then, as their accounts have been lodged at Companies House! just need to wait a few days.......... Group of companies' accounts made up to 30 June 2019 This document is being processed and will be available in 5 days. Quote Link to comment Share on other sites More sharing options...
Eddie Hitler Posted March 26, 2020 Report Share Posted March 26, 2020 13 minutes ago, East End Old Boy said: This news then never got through to them then, as their accounts have been lodged at Companies House! just need to wait a few days.......... Group of companies' accounts made up to 30 June 2019 This document is being processed and will be available in 5 days. That is surprising after last year's late filings. I would suggest that, assuming the going concern requirement has been met and that's pretty much nailed on for an early filing, this represents good news for them in that they're not being asset-stripped and sold but will definitely run for another season. 1 Quote Link to comment Share on other sites More sharing options...
Admin phantom Posted March 26, 2020 Admin Report Share Posted March 26, 2020 37 minutes ago, East End Old Boy said: This news then never got through to them then, as their accounts have been lodged at Companies House! just need to wait a few days.......... Group of companies' accounts made up to 30 June 2019 This document is being processed and will be available in 5 days. 22 minutes ago, Eddie Hitler said: That is surprising after last year's late filings. I would suggest that, assuming the going concern requirement has been met and that's pretty much nailed on for an early filing, this represents good news for them in that they're not being asset-stripped and sold but will definitely run for another season. Getting the news out now so it goes under the radar of many due to the current news? 1 Quote Link to comment Share on other sites More sharing options...
bert tann Posted March 26, 2020 Report Share Posted March 26, 2020 Early reports indicate the 2019 accounts will show the Dwane Sports loan as having been fully written off with Rovers now properly capitalised and raring to go when the football starts again. 1 Quote Link to comment Share on other sites More sharing options...
Eddie Hitler Posted March 26, 2020 Report Share Posted March 26, 2020 23 minutes ago, phantom said: Getting the news out now so it goes under the radar of many due to the current news? You are Tony Blair's spin doctor Jo Moore and I claim my five pounds. Quote Link to comment Share on other sites More sharing options...
Eddie Hitler Posted March 26, 2020 Report Share Posted March 26, 2020 2 minutes ago, bert tann said: Early reports indicate the 2019 accounts will show the Dwane Sports loan as having been fully written off with Rovers now properly capitalised and raring to go when the football starts again. Really? That's a bit daft from the tax position if they ever want to take money out. Great news for Rovers if this is the case though as that's effectively a £15m donation. Quote Link to comment Share on other sites More sharing options...
Admin phantom Posted March 26, 2020 Admin Report Share Posted March 26, 2020 4 minutes ago, bert tann said: Early reports indicate the 2019 accounts will show the Dwane Sports loan as having been fully written off with Rovers now properly capitalised and raring to go when the football starts again. It's true self isolation DOES make people delussional 3 minutes ago, Eddie Hitler said: You are Tony Blair's spin doctor Jo Moore and I claim my five pounds. 1 Quote Link to comment Share on other sites More sharing options...
Bristol Rob Posted March 26, 2020 Report Share Posted March 26, 2020 54 minutes ago, bert tann said: Early reports indicate the 2019 accounts will show the Dwane Sports loan as having been fully written off with Rovers now properly capitalised and raring to go when the football starts again. So Wally has blown his inheritance then. 1 Quote Link to comment Share on other sites More sharing options...
pongo88 Posted March 26, 2020 Report Share Posted March 26, 2020 (edited) 1 hour ago, bert tann said: Early reports indicate the 2019 accounts will show the Dwane Sports loan as having been fully written off with Rovers now properly capitalised and raring to go when the football starts again. Bert - are you Comical Ali in disguise? Edited March 26, 2020 by pongo88 Quote Link to comment Share on other sites More sharing options...
BCFC11 Posted March 26, 2020 Report Share Posted March 26, 2020 1 3 Quote Link to comment Share on other sites More sharing options...
Bristol Rob Posted March 27, 2020 Report Share Posted March 27, 2020 1 Quote Link to comment Share on other sites More sharing options...
Eddie Hitler Posted March 27, 2020 Report Share Posted March 27, 2020 16 hours ago, bert tann said: Early reports indicate the 2019 accounts will show the Dwane Sports loan as having been fully written off with Rovers now properly capitalised and raring to go when the football starts again. Not this time Bert. Debt to Dwane Sports up to £16.2m from £13.1m. Interest payable on that £700k so 4.8% which isn't unreasonable now that a chunk of that is unsecured by exceeding the value of the ground; vaued at £11m. The going concern note is more standardised suggesting that it was less of an issue - Dwane Sports will have provided proof of funds. As above post operating loss before player sales £4m up from £3.6m but include the interest and it's £4.7m up from £4.1m. In some ways this a a smaller verison of the way that City runs its business with an acceptable ongoing budgeted loss; with our operating loss before player trading being a much larger £18m. So if the AQs are genuinely rich and are choosing to supprt Rovers as the Lansdowns support City then there is no reason to suppose that they won't keep going as they are. Obviously there remain the questions about the ground and the training ground but financially they're looking ok within the context of the mad world of football finances. Tbh I'm surprised as they are now very much underwater in terms of their investment but are continuing as they were. Also remember that this is 30 June 2019 so that debt is now going to be at least £20m vs the £11m valuation on the ground so approaching £10m underwater and they're unlikely to receiev that from selling. IIRC £6m was thr quoted figure paid. There were no post balance sheet events noted so if they have capitalised the loan it was after the date of signing being 20 Feb 2020. 1 Quote Link to comment Share on other sites More sharing options...
East End Old Boy Posted March 27, 2020 Report Share Posted March 27, 2020 22 minutes ago, Eddie Hitler said: Not this time Bert. Debt to Dwane Sports up to £16.2m from £13.1m. Interest payable on that £700k so 4.8% which isn't unreasonable now that a chunk of that is unsecured by exceeding the value of the ground; vaued at £11m. The going concern note is more standardised suggesting that it was less of an issue - Dwane Sports will have provided proof of funds. As above post operating loss before player sales £4m up from £3.6m but include the interest and it's £4.7m up from £4.1m. In some ways this a a smaller verison of the way that City runs its business with an acceptable ongoing budgeted loss; with our operating loss before player trading being a much larger £18m. So if the AQs are genuinely rich and are choosing to supprt Rovers as the Lansdowns support City then there is no reason to suppose that they won't keep going as they are. Obviously there remain the questions about the ground and the training ground but financially they're looking ok within the context of the mad world of football finances. Tbh I'm surprised as they are now very much underwater in terms of their investment but are continuing as they were. Also remember that this is 30 June 2019 so that debt is now going to be at least £20m vs the £11m valuation on the ground so approaching £10m underwater and they're unlikely to receiev that from selling. IIRC £6m was thr quoted figure paid. There were no post balance sheet events noted so if they have capitalised the loan it was after the date of signing being 20 Feb 2020. So, @Eddie Hitler they made a couple Tillson’s profit on sale of player/s, guess that was the guy who went to Charlton, can’t think of anyone else! 1 Quote Link to comment Share on other sites More sharing options...
bcfc01 Posted March 27, 2020 Report Share Posted March 27, 2020 Not a mention of the accounts so far on their little private club "forum" gasworks. Quote Link to comment Share on other sites More sharing options...
Eddie Hitler Posted March 27, 2020 Report Share Posted March 27, 2020 24 minutes ago, bcfc01 said: Not a mention of the accounts so far on their little private club "forum" gasworks. They all wait for Swiss Gas to look at them because he's the one with the calculator. Quote Link to comment Share on other sites More sharing options...
The Fat Controller Posted March 27, 2020 Report Share Posted March 27, 2020 6 minutes ago, Eddie Hitler said: They all wait for Swiss Gas to look at them because he's the one with the calculator. Can't they just do the sums on their extra fingers? 1 Quote Link to comment Share on other sites More sharing options...
Ska Junkie Posted March 27, 2020 Report Share Posted March 27, 2020 1 hour ago, East End Old Boy said: So, @Eddie Hitler they made a couple Tillson’s profit on sale of player/s, guess that was the guy who went to Charlton, can’t think of anyone else! Didn't he go on a free as he was OOC? Quote Link to comment Share on other sites More sharing options...
East End Old Boy Posted March 27, 2020 Report Share Posted March 27, 2020 2 minutes ago, Ska Junkie said: Didn't he go on a free as he was OOC? In that case, I can’t remember them actually selling anyone since Taylor! Quote Link to comment Share on other sites More sharing options...
JBFC II Posted March 27, 2020 Report Share Posted March 27, 2020 9 minutes ago, East End Old Boy said: In that case, I can’t remember them actually selling anyone since Taylor! Harrison went to Ipswich for 700k since then iirc. That being said, only 1 million from their 2 best players last decade says it all 2 Quote Link to comment Share on other sites More sharing options...
Ska Junkie Posted March 27, 2020 Report Share Posted March 27, 2020 (edited) Just checked, Tom Lockyer had already left the b-losers before he signed for CAFC. 'Tom Lockyer became Charlton’s third summer signing of 2019 following his departure from Bristol Rovers.' Edited March 27, 2020 by Ska Junkie 1 Quote Link to comment Share on other sites More sharing options...
Lanterne Rouge Posted March 27, 2020 Report Share Posted March 27, 2020 3 hours ago, Eddie Hitler said: Not this time Bert. Debt to Dwane Sports up to £16.2m from £13.1m. Interest payable on that £700k so 4.8% which isn't unreasonable now that a chunk of that is unsecured by exceeding the value of the ground; vaued at £11m. The going concern note is more standardised suggesting that it was less of an issue - Dwane Sports will have provided proof of funds. As above post operating loss before player sales £4m up from £3.6m but include the interest and it's £4.7m up from £4.1m. In some ways this a a smaller verison of the way that City runs its business with an acceptable ongoing budgeted loss; with our operating loss before player trading being a much larger £18m. So if the AQs are genuinely rich and are choosing to supprt Rovers as the Lansdowns support City then there is no reason to suppose that they won't keep going as they are. Obviously there remain the questions about the ground and the training ground but financially they're looking ok within the context of the mad world of football finances. Tbh I'm surprised as they are now very much underwater in terms of their investment but are continuing as they were. Also remember that this is 30 June 2019 so that debt is now going to be at least £20m vs the £11m valuation on the ground so approaching £10m underwater and they're unlikely to receiev that from selling. IIRC £6m was thr quoted figure paid. There were no post balance sheet events noted so if they have capitalised the loan it was after the date of signing being 20 Feb 2020. No problem, they`ll just sell Clarke-Harris for £10m and all will be fine. Quote Link to comment Share on other sites More sharing options...
Jim Davey Posted March 27, 2020 Report Share Posted March 27, 2020 12 hours ago, BCFC11 said: ha ha that's cheered me right up Quote Link to comment Share on other sites More sharing options...
Bristol Rob Posted March 27, 2020 Report Share Posted March 27, 2020 So their 65k a week loss is now 78k a week. (If you exclude the one off adjustment for them selling Harrison). Quite some achievement. I'm sure by 5pm one of their supporters will suggest they have a quiz night and a car boot sale to help redress the loss. Quote Link to comment Share on other sites More sharing options...
Ska Junkie Posted March 27, 2020 Report Share Posted March 27, 2020 42 minutes ago, Lanterne Rouge said: No problem, they`ll just sell Clarke-Harris for £10M 300K and all will be fine. Edited for clarity LR. Quote Link to comment Share on other sites More sharing options...
Lanterne Rouge Posted March 27, 2020 Report Share Posted March 27, 2020 10 minutes ago, Bristol Rob said: So their 65k a week loss is now 78k a week. (If you exclude the one off adjustment for them selling Harrison). Quite some achievement. I'm sure by 5pm one of their supporters will suggest they have a quiz night and a car boot sale to help redress the loss. They`ll have to have a virtual one though. Probably be as popular as a normal one though. Quote Link to comment Share on other sites More sharing options...
Lanterne Rouge Posted March 27, 2020 Report Share Posted March 27, 2020 8 minutes ago, Ska Junkie said: Edited for clarity LR. Apologies mate, I must have been using #gaslogic. 1 Quote Link to comment Share on other sites More sharing options...
Bristol Rob Posted March 27, 2020 Report Share Posted March 27, 2020 Also, losses now exceed a Tilson a month. Quote Link to comment Share on other sites More sharing options...
Lanterne Rouge Posted March 27, 2020 Report Share Posted March 27, 2020 2 minutes ago, Bristol Rob said: Also, losses now exceed a Tilson a month. Gone up from over a Taylor a month. 1 Quote Link to comment Share on other sites More sharing options...
Rudolf Hucker Posted March 27, 2020 Report Share Posted March 27, 2020 4 hours ago, Eddie Hitler said: So if the AQs are genuinely rich How very dare you ... 1 Quote Link to comment Share on other sites More sharing options...
wendyredredrobin Posted March 27, 2020 Report Share Posted March 27, 2020 3 hours ago, Eddie Hitler said: They all wait for Swiss Gas to look at them because he's the one with the calculator. Abacus Quote Link to comment Share on other sites More sharing options...
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