S36 OWL Posted February 3, 2021 Share Posted February 3, 2021 2 Link to comment Share on other sites More sharing options...
kirksandallowl Posted February 3, 2021 Share Posted February 3, 2021 What is the point of this tweet, who is it for? everybody who needs to know about whether we’ve filed out accounts or not, already knows. 1 Link to comment Share on other sites More sharing options...
Roscoe P. Coltrane Posted February 3, 2021 Share Posted February 3, 2021 2 hours ago, swfc1983 said: Suppose it’s a sign of modern football that fans get so hung up on club accounts nowadays...games become governed by money, profit and loss. Remember the good old days when all you were bothered about was how many Hirst was gonna smash in that weekend? Bring em back I say. It's only since our chairman got us into all this financial mess that people have started to get interested in this subject matter. 1 Link to comment Share on other sites More sharing options...
daveyboy66 Posted February 3, 2021 Share Posted February 3, 2021 Just a wild guess but....do you think our esteemed QC may have offered some advice to DC during our EFL disputes? Link to comment Share on other sites More sharing options...
bobness Posted February 3, 2021 Share Posted February 3, 2021 10 minutes ago, kirksandallowl said: What is the point of this tweet, who is it for? everybody who needs to know about whether we’ve filed out accounts or not, already knows. "Wait. What? We haven't filed the accounts?" 2 Link to comment Share on other sites More sharing options...
Roscoe P. Coltrane Posted February 3, 2021 Share Posted February 3, 2021 3 minutes ago, daveyboy66 said: Just a wild guess but....do you think our esteemed QC may have offered some advice to DC during our EFL disputes? Yes he did Don't pay you're customers the season ticket refund money Pay me instead 1 4 Link to comment Share on other sites More sharing options...
S36 OWL Posted February 3, 2021 Share Posted February 3, 2021 14 minutes ago, daveyboy66 said: Just a wild guess but....do you think our esteemed QC may have offered some advice to DC during our EFL disputes? Cooking tips? 2 Link to comment Share on other sites More sharing options...
Hookowl Posted February 3, 2021 Share Posted February 3, 2021 Just now, S36 OWL said: Cooking tips books? 4 Link to comment Share on other sites More sharing options...
@owlstalk Posted February 3, 2021 Author Share Posted February 3, 2021 25 minutes ago, kirksandallowl said: What is the point of this tweet, who is it for? everybody who needs to know about whether we’ve filed out accounts or not, already knows. Let's not do that Owlstalk Shop Link to comment Share on other sites More sharing options...
Manwë Posted February 3, 2021 Share Posted February 3, 2021 Anyone noticed that as soon as the transfer window closed, Jeff Bezos left Amazon to concentrate on new projects? That's probably why the accounts are running late. Link to comment Share on other sites More sharing options...
Guest mkowl Posted February 3, 2021 Share Posted February 3, 2021 Perhaps the auditors printer has run out of paper or summat. I always suspect the reason is a technicality and the auditors making sure all the t's are dotted and i"s crossed Link to comment Share on other sites More sharing options...
Guest mkowl Posted February 3, 2021 Share Posted February 3, 2021 28 minutes ago, Manwë said: Anyone noticed that as soon as the transfer window closed, Jeff Bezos left Amazon to concentrate on new projects? That's probably why the accounts are running late. Going to turn Hillsborough in to a distribution warehouse Link to comment Share on other sites More sharing options...
Flat Owl Posted February 3, 2021 Share Posted February 3, 2021 5 hours ago, andytrig said: I think companies house can apply to the courts to have the company dissolved. and can also call for an inspection... Link to comment Share on other sites More sharing options...
daveyboy66 Posted February 3, 2021 Share Posted February 3, 2021 Just now, Flat Owl said: and can also call for an inspection... Both your preferred options win win 2 Link to comment Share on other sites More sharing options...
McRightSide Posted February 3, 2021 Share Posted February 3, 2021 It doesn’t add up Link to comment Share on other sites More sharing options...
S36 OWL Posted February 3, 2021 Share Posted February 3, 2021 Just now, McRightSide said: It doesn’t add up Our accounts? Link to comment Share on other sites More sharing options...
Flat Owl Posted February 3, 2021 Share Posted February 3, 2021 15 minutes ago, daveyboy66 said: Both your preferred options win win ....if accounts are filed late for two consecutive years. Link to comment Share on other sites More sharing options...
toooldforthis Posted February 4, 2021 Share Posted February 4, 2021 It depends upon what communications are taking place between SWFC and Companies House/HMRC. There can be many reasons why accounts are justifiably late and shouldn't raise the alarm. Investors would need detailed clarification if they were buying shares in a business but not necessarily put off by it. Not paying wages is the more serious event as it suggests that the company is insolvent under the 'ability to pay bills as and when they fall due' liquidity test. As the business doesn't now own its own assets, the stadium, it could also be subject to a Balance Sheet test where the liabilities are considerably greater than the assets owned to secure the debt. There is also a sunshine clause where it might appear to be irretrievable under these first tests but there is light at the end of the tunnel (sunshine test) which could rescue the situation. The introduction of more funds or a sale of the business can been seen as the light at the end of the tunnel. So, to publish accounts that fail the first two tests may trigger any one of the creditors to make SWFC insolvent and put it in administration. Not publishing if there is light at the end of the tunnel works for SWFC and HMRC. It could also be that DC is poo at running a business and it's just symptomatic of the mess... Can somebody pay me £250 for this info please...? Link to comment Share on other sites More sharing options...
Guest Hornsby Posted February 4, 2021 Share Posted February 4, 2021 1 hour ago, toooldforthis said: It depends upon what communications are taking place between SWFC and Companies House/HMRC. There can be many reasons why accounts are justifiably late and shouldn't raise the alarm. Investors would need detailed clarification if they were buying shares in a business but not necessarily put off by it. Not paying wages is the more serious event as it suggests that the company is insolvent under the 'ability to pay bills as and when they fall due' liquidity test. As the business doesn't now own its own assets, the stadium, it could also be subject to a Balance Sheet test where the liabilities are considerably greater than the assets owned to secure the debt. There is also a sunshine clause where it might appear to be irretrievable under these first tests but there is light at the end of the tunnel (sunshine test) which could rescue the situation. The introduction of more funds or a sale of the business can been seen as the light at the end of the tunnel. So, to publish accounts that fail the first two tests may trigger any one of the creditors to make SWFC insolvent and put it in administration. Not publishing if there is light at the end of the tunnel works for SWFC and HMRC. It could also be that DC is poo at running a business and it's just symptomatic of the mess... Can somebody pay me £250 for this info please...? May have trouble finding an ethical auditor after what panel said Chansiri did to last lot. Link to comment Share on other sites More sharing options...
room0035 Posted February 4, 2021 Share Posted February 4, 2021 On 03/02/2021 at 14:28, andytrig said: I think companies house can apply to the courts to have the company dissolved. And the director struck off which means he cannot be a company director for 5 years. Link to comment Share on other sites More sharing options...
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