| tomorrow can't come quick enough 14:17 - Oct 16 with 2310520 views | batman |
Not for us, but for Bury.
i was credit checking a potential customer and decided to nosey onto
BFC's file and was (or maybe not) supprised to see a new CCJ for circa £22k lodged
only Wednesday this week.
looks like they are in need of a bumper crowd tomorrow to settle some bills |  | | |  |
| tomorrow can't come quick enough on 11:49 - Jun 14 with 9565 views | ParkinsGimp |
Course they will have a team I have heard The Milky Bar kid is in France right now scouting for potential replacements to fire them into the stratosphere. Money no object Zlatan... er well we are near Manchester ...and we are building a monorail you know ;-) | | | |
| tomorrow can't come quick enough on 17:40 - Jun 16 with 8669 views | aleanddale |
You beat me too it.
ANOTHER winding up petition posted yesterday 15th June.
Milky bar kid got nowt coming in either next few weeks and still has huge wages to pay.
#shambles
Looks completely out of his depth doesnt he - but they STILL think he is a saviour!! | | | |
| tomorrow can't come quick enough on 18:10 - Jun 16 with 8618 views | DySporting |
Gives explanation to the fire sale of players | | | |
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| tomorrow can't come quick enough on 09:11 - Jun 17 with 8365 views | lurker |
This guys got millions hasn't he? I mean what about the huge credit facility he is able to supply the club with?
Which reminds me, I just totted up all the credit limits on my credit cards and overdrafts and guess what...... It transpires that I am actually completely wadded! Now which football club should I buy? |  | | |
| tomorrow can't come quick enough on 11:49 - Jun 17 with 8268 views | BarryStrange |
| tomorrow can't come quick enough on 17:40 - Jun 16 by aleanddale |
You beat me too it.
ANOTHER winding up petition posted yesterday 15th June.
Milky bar kid got nowt coming in either next few weeks and still has huge wages to pay.
#shambles
Looks completely out of his depth doesnt he - but they STILL think he is a saviour!! |
To be fair mate, the tide has definitely turned on that last point.
The prevailing view is now clearly in the "how the hell can you think this is a way to run a business" camp now.
There are a few people with ridiculous expectations at every club - witness the small but vocal band at Dale who come out and criticise Hill every time you don't win for a few games. There are always going to be some that still believe the white knight routine and dismiss it as "boring" every time someone highlights something like this, however I do believe that they are now finally outweighed by those of us who have never believed this "instant success" model was built on anything but sand. | | | |
| tomorrow can't come quick enough on 12:58 - Jun 17 with 8182 views | aleanddale |
| tomorrow can't come quick enough on 11:49 - Jun 17 by BarryStrange |
To be fair mate, the tide has definitely turned on that last point.
The prevailing view is now clearly in the "how the hell can you think this is a way to run a business" camp now.
There are a few people with ridiculous expectations at every club - witness the small but vocal band at Dale who come out and criticise Hill every time you don't win for a few games. There are always going to be some that still believe the white knight routine and dismiss it as "boring" every time someone highlights something like this, however I do believe that they are now finally outweighed by those of us who have never believed this "instant success" model was built on anything but sand. |
Well Barry you are close to getting a look at some detailed accounts that should be a wake up call for the happy clappers who need one.
The tangled web just becomes larger and larger and if he isn't stopped and quickly you will be at a point there is no unravelling possible.
As I put earlier - looks completely out of his depth and he just comes across as a real unsavoury character.
Every time I hear his voice ( and he loves the sound of it so we get plenty of opportunity ) I cant help but think he Is making stuff up as he goes along.
#WalterMitty | | | |
| tomorrow can't come quick enough on 18:23 - Jun 18 with 7900 views | dingdangblue |
Abbreviated accounts sent out to all shareholders - not the full accounts.
Is that legally wrong?
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| tomorrow can't come quick enough on 19:00 - Jun 18 with 7867 views | DySporting |
According to mr clubcall. Bury losing 40k a week and everyone bar 2 players are available for transfer. | | | |
| tomorrow can't come quick enough on 10:53 - Jun 19 with 7674 views | aleanddale |
| tomorrow can't come quick enough on 19:00 - Jun 18 by DySporting |
According to mr clubcall. Bury losing 40k a week and everyone bar 2 players are available for transfer. |
Touching £2 million a year....
There should be some alarm AJ Bells ringing in the supporters ears at the moment.
All Day needs though is 8000 home supporters to turn up week in week out and his books will balance!  | | | |
| tomorrow can't come quick enough on 11:40 - Jun 19 with 7636 views | D_Alien |
| tomorrow can't come quick enough on 10:53 - Jun 19 by aleanddale |
Touching £2 million a year....
There should be some alarm AJ Bells ringing in the supporters ears at the moment.
All Day needs though is 8000 home supporters to turn up week in week out and his books will balance! |
Touching £2m a year...
Touching cloth |  |
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| tomorrow can't come quick enough on 11:55 - Jun 19 with 7606 views | 1mark1 |
| tomorrow can't come quick enough on 10:53 - Jun 19 by aleanddale |
Touching £2 million a year....
There should be some alarm AJ Bells ringing in the supporters ears at the moment.
All Day needs though is 8000 home supporters to turn up week in week out and his books will balance! |
4000 extra supporters at an average of £20 each home game would produce £80000 per game. Maybe that's the plan, so simple. |  |
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| tomorrow can't come quick enough on 11:28 - Jun 21 with 7154 views | dingdangblue |
From the bucket board:
I've now seen a copy of the full accounts and they're extremely worrying. Key points:
- Worsening trading position losses both gross in 2015 (gross profit decreased by £587k — sales down £116k, costs up £472k) and net loss in both 2014 & 2015 worse by £1,372k (Admin expenses increased by £787k) - What are they spending money on only £164K of charges is related to the player’s registration fees (only £28k in 2014)
- liquidity problem with £4.7 net current liabilities due to the short-term loans
- How risky is lending to this business given the type of fixed assets and their true realisable value if it came to it — Or could the site be residential developed and so current use valuation is misleading for a lender?
- Lack of control of trade debtors up from £93k (12 days of sales) to £238k (33 days of sales)
- Got liquidity issues but have big jump in prepayments and accrued income — if due to prepayments that means have paid up front when have cash flow problems or for accrued income are including in turnover income that haven’t yet invoiced but relates to this year seems strange for a football club?
- £7.5 million revolving credit facility provided by a limited company not a bank — that usually means that it can disappear overnight!
- Trade creditors worsening up £404k to £936k (75% increase on previous year)
- Who are Charles Street Commercial Investments Ltd? They took a charge on the club’s property on 26 October 2015, but are not disclosed as being secured creditors. Per accounts they are financiers. Directors HN Moser and GD Beckett. Latest accounts 31 March 2015 Sales £4.6m (2014 £2.7m), Operating profit £3.0m (2014 £2.4m), Profit before tax £2.4m (2014 £2.2m), Net Assets £6.6m - includes £34.9m of loan debtors and £27.2m loan creditors all debtors and creditors due within 1 year (2014 £4.8m — includes loan debtors £14.5m and loan creditors £10.8m)
- What is the PFA’s charge on the Stadium taken on 1 May 2013?
- But for the £4.8 million property revaluation the balance sheet would be massively insolvent
- Valuation done by a chartered surveyor M J Scholey — but who is he? A one man band in Bradford or a specialist?
- Intangible assets — players registration fees spending £260k in year and on short term contracts as £164k amortisation charge suggests writing them off over 2.5 years
- Brewery loan on social club £245k on revalued down freehold property of £147k revalued cost (Net Book Value £144k, but that is for more than the social club as it includes community offices) — hope there is some fixtures & fittings to give the brewery cover on their loan
- Why did they buy freehold property £47.5k additions in year?
- Who was issued £1,015,468 Share capital in the year which was paid for in cash? Mr SP Day?
- SG Sports Management Ltd — latest filed accounts for y/e 31 May 2014 show Net Assets of just £406. 2015 accounts are overdue since 29 Feb 2016, as a result First Gazette Notice for Compulsory Striking Off notice filed 3 May 2016. Director SP Day resigned 1 Feb 2016. | |
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| tomorrow can't come quick enough on 13:12 - Jun 21 with 7035 views | batman |
"Who was issued £1,015,468 Share capital in the year which was paid for in cash? Mr SP Day?"
Something doesn't quite add up there/
accounts show Share Cap of 4284719, but Company House only shows 3279627
a difference of £1005092
who knows what's going on down there. suspect even SD doesn't | | | |
| tomorrow can't come quick enough on 15:46 - Jun 21 with 6916 views | aleanddale |
Enough questions now for the gigglers at the share meeting and fans forum.
Hope they are Lions and not Lambs.
#shambles
Those accounts!!!! 
#enjoytheride
A tangled web spun by Day!! How the fook is he still in charge!!! | | | |
| tomorrow can't come quick enough on 16:10 - Jun 21 with 6870 views | Newbury_Dale |
Makes you think that the FA need to intervene to protect the short term future of the football club. | | | |
| tomorrow can't come quick enough on 16:51 - Jun 21 with 6758 views | 1mark1 |
| tomorrow can't come quick enough on 16:10 - Jun 21 by Newbury_Dale |
Makes you think that the FA need to intervene to protect the short term future of the football club. |
I would rather the football authorities make it clear they will not tolerate such un sustainable debt in football league teams. | |
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| tomorrow can't come quick enough on 06:35 - Jun 23 with 6434 views | aleanddale |
Will the milky bar kid ride into giggle for the fans forum?
He is going to need his saddle bags stuffed to the brim with white chocolate for this one.
Unless the fans are happy having their bellies rubbed again.
#waltermitty | | | |
| tomorrow can't come quick enough on 20:22 - Jun 24 with 6049 views | dingdangblue |
3 signings today.
Keeper Ben Williams from Bradford.
Niall Maher and Zeli Ishmail. | |
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| tomorrow can't come quick enough on 14:40 - Jul 4 with 5576 views | aleanddale |
Put on the other thread....
#waltermitty
#fookinidiot | | | |
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