Eddie Hitler

I've checked upon the late filing fees and they are disappointingly low for a private limited company as these companies are. They are doubled if it's the second year of late filing in a row so there will be a minor incentive to file them early next year. However just to tot them up: Not more than 1 month £150 More than 1 month but not more than 3 months £375 More than 3 months but not more than 6 months £750 More than 6 months £1,500 So that's currently 5 x 150 + 1 x 375 = £1,125. No big deal. Leave them for a year and it's only £9k. https://www.gov.uk/government/publications/late-filing-penalties/late-filing-penalties What is more telling is the attitude of the owners which smacks of Robert Maxwell's football club ownership. No communication with minority shareholders, no epxlanantion, no AGM. Even leaving filing to the last minute is bad enough - why do you need to do this? - and possibly that "don't care" attitude has just bitten them because there is now a material post balance sheet event (?sale negotiations) which would not have been the case had they filed them in good time. Though thinking of Robert Maxwell with his attempt to merge Reading and Oxford into Thames Valley Royals maybe that's what happening? Could we be about to see the birth of Swindon Rovers? The quartered robins. And here's a sneak preview of their new shirt design:

Yep, good man. It was a huge disappointment all round when his move to us didn't work out; but must have been absolutely gutting for him as a lifelong fan.

It would be great if it happened though as their fans and management would be like headless chickens for weeks wondering which of their players we would be about to nab for an absolute steal.

Somebody managed to get a snapshot of Darren Way's notebook:

I'd be surprised because even at £2m pa losses they should still be within the £15m debt facility by this time next year which is the extent of the support that the directors are required to give to allow the auditors to sign off on going concern. The unprecedented level of secrecy - no AGM, no communication with minority shareholders - suggests that something is going on which is material to the accounts which may be the sticking point in to what extent that is reflected within the accounts. I can't see that as being their going bust but selling the club or ground: maybe. Per someone on gaschat who sounds like they're disseminating the official line: They had the board meeting about the accounts already. They were with the auditor's to finish a few points a while ago. Are we going to worry that much about a few hundred pounds fine??

Accounts now flagged as overdue at Companies House so they weren't in the quarter end backlog which was the simplest explanation. So we're left with: Shambolic administration Or Something they don't yet want to be public knowledge Or Both

No, be proud and claim your prize of a gas season ticket.

Possibly the moderators' little joke but your post is showing to me as 49,951. Maybe we are on a time loop. Edit: now showing as 50,000.

In the absence of the 2018 I thought I'd take a stroll back to their 2017 accounts to see what financial position we're expecting. At 30 June 2017 the debt to Dwane Sports secured over the ground was £8.6m. The ground is valued at £11.1m but is recorded at £2.4m so stated net assets of -£9.9m should be revised to real net assets of -£1.2m. 2017 headline loss was £3.0m but includes a £1.0m of write-offs and depreciation so in cash terms £2.0m. Roll that forward without making any assumptions about interest on the debt or whether the London office was included in the year to 30 June 2017 and the expectations are: 30 June 2018 (the one currently due) - £2m loss Debt £10.6m, net assets -£3.2m 30 June 2019 - £2m loss Debt £12.6m, net assets -£5.2m The debt facility has a cap of £15m. If that's the case for June 2018 and there's nothing unexpected in the accounts then it isn't a particular story; nor would be similar for the current year which won't be published for another year. With a £15m debt cap no breach looks likely in the next twelve months so there shouldn't be a problem in giving the directors' guarantee of support. The likeliest reason for the late publication is going to be poor admin IMO. Though with Bert's news, or more directly the decline in the share price of the bank and therefore dividend, which wasn't looking too healthy to the end of 2017 prior to the big decline in the share price, there may be a concern about advancing that debt finance up to the £15m limit advised when the going was good. Or that may be small potatoes and it's either poor administration by the club's back office or Companies House just not uploading them yet after the quarter end rush. They're not marked as overdue yet despite the filing date having passed. https://markets.businessinsider.com/stocks/arab_jordan_investment_bank/financials It's anyway something to look at whilst waiting for Saturday's game.

Quoting myself but having had a gander at the share performance since his appointment I wouldn't be surprised: https://markets.businessinsider.com/stocks/arab_jordan_investment_bank-stock

Oh yes, fair enough. Also this: https://www.bloomberg.com/research/stocks/private/snapshot.asp?privcapId=9264027 So if he has got the push that was shortlived - two years. I can't see anything about his having been given the push but @bert tann is usually an accurate source so I will put it down to slow publication like the Rovers' accounts.

Has he? I know Jordanian banks all sound the same but I thought it was the Jordan International Bank in which they have a big a shareholding and they (Hani and Samer) are still on the Board of that one. https://jordanintlb.com/index-8.html Happy to be corrected Bert.

For the same reason that Northern Ireland is. There is a big longstanding Scottish immigrant community in Northern Ireland and a big longstanding Irish immigrant community in Scotland.

The past was alterable. The past never had been altered. Oceania was at war with Eastasia. Oceania had always been at war with Eastasia.

I was having a quick look at Companies House to see if they have filed their accounts yet. They haven't shown up though they're not necessarily overdue despite the 31 March 2019 filing deadline (nine months after the end of their accounting year 30 June 2018) as there can be a lag in CH posting them meaning that they're not actually overdue until CH flags them as being overdue on the Overview page. Accounts haven't been filed for any of the other group companies which also have a 31 March deadline so the same applies. They haven't however been filed for this dormant sub, Filton Avenue Guarantee Co, which has a 31 May year end and 28 Feb deadline so they are marked as overdue. https://beta.companieshouse.gov.uk/company/06912935 As it's dormant with no assets, liabilities or income the accounts are one page and identical to the previous year. They also don't require audit. Maybe their accountant has left? The fines are trivial for short term late filing but it is pretty unusual for decent sized companies to muck up this basic function.

All gasheads secretly want to be City fans these days; they're just scared to admit it. I think Steve Lansdown should declare a gashead amnesty in the summer so that any gashead can exchange a Rovers season ticket for a City one and a Rovers shirt for a brand new City shirt with our new logo. As it stands they want to support us but don't know how to make the switch. If Steve does declare this amnesty then come August the gas crowd will consist of Henbury and his imaginary disabled friend.

Or as my cut-price Italy purchased knock-off tape titled it: "Fesh" Fruit for Rotting Vegetables. I liked it a lot until somebody pointed out that, with the exception of California Uber Alles all the tracks sounded absolutely identical. The next time I listened to it I had to agree that he was spot on; which spoilt it somewhat.

And dealing with a lot of vegetables. Brexit (Bristol Rovers Exit) day on Friday for the Al Qs anyway.

Gas guzzler is the forum for the clever gashead and I find it worth a read. Gaschat however is a bit, um, monobrow.

There are. However, and without wishing to divert the thread, if that was the primary legal basis then Nick Higgs' "watertight" contract to sell the Memorial Ground to Sainsbury's would have gone through. It didn't because contracts are usually determined in law by their written terms.

It's often a percentage rather than a straight win / lose. I haven't studied it but from the information provided in this thread my guess would be that the contract is deemed to have been 80% complete at the time of his death with no reason to think it wouldn't proceed. So that would give Nantes £12m rather than £15m and make it worth Cardiff challenging. I don't see a moral dimension here with Nantes vs Cardiff as long as Sala's family don't lose out by it. If I was buying a house, price agreed, deposit paid, both parties happy, and it fell down the night before I was due to exchange then I wouldn't exchange. Contracts are not binding until they actually come into effect.

Indeed. It is a contract, it has gone wrong, it goes to court. I don't see why Nantes gets a free pass here whilst Cardiff is the recipient of the mud slinging. For all the claims that he was Cardiff's player he wasn't until all the contract conditions precedent (as noted above by @29AR) had been met. If Emad Moteb, subsequent to his being photographed in the ground wearing a City shirt on "signing", had died in an accident on his way back to Egypt should we have paid out? For the younger posters he didn't become our player because he played in a game in Egypt that he had been told not to play so the contract was ripped up.

That should have been taken out by the indiviudal footballer rather than the club as it doesn't benefit the club. Or short answer: I don't know, not my line!

They didn't used to do so because the likelihood of being out with injury was so high that the premium was sent high accordingly; so clubs "self insure" meaning they don't insure. I'm not aware of that having changed. Way back I was working for a company that amongst other things insured against pop concerts not happening. The offered premium for Guns and Roses, owing to Axl Rose being such a spoilt brat he kept throwing gigs, was one third of the ticket sales equating to missing one concert in three. As that was typical.

It's charged against the ground so the choice to the new buyer would be to take on the club with a ground and debt or to just buy the club and rent the ground until the Al Qs decide to sell it. It seems unlikely that someone would be buying now tbh, people want to acquire clubs at the absolute lowest value so string out the negotiations until the club is in, or is about to go into, administration and then buy it cheaply. The rationale fed to the fans for this brinkmanship is usually the less money they put into the purchase the more money there is to invest into the club. There doesn't tend to be much correlation between the two however.