New charges registered (1 Viewer)

[fernandopartridge]

The Arvo Master Fund has registered some new charges against the assets of Otium so perhaps the owners have put some money up for something, or otherwise covered a gap in the cashflow

1. The freehold land and buildings on the south east side of leamington road, ryton on dunsmore, coventry and registered at the land registry with title no. WK234099.
Contains fixed charge.
Contains negative pledge.

2.
Contains fixed charge.
Contains floating charge.
Floating charge covers all the property or undertaking of the company.
Contains negative pledge.

 

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[Nick]

I am sure I saw somebody say they had put money in (in terms of cashflow) in the last few weeks but can't remember where

Secured on Ryton?

 

[chiefdave]

What are AVRO doing putting money in, don't they know you can just get a handout of taxpayer cash if you're running an unsustainable business.

 

[fernandopartridge]

I'm not sure of the significance of one charge against just Ryton and the other against all the assets of the company, wondered whether its related to the value of each charge.

Perhaps they have put some money in to invest in the new pitches at Ryton and that's the first charge?

 

[SBAndy]

The ‘all assets’ is standard wording for a debenture. Just puts them in a stronger position if the club were to be liquidated (of course I pray this doesn’t happen, not should we be unduly worried about it).

 

[JimmyHillsbeard]

Isn’t it about time that the Mark Venus housing estate in Ryton was finished?

 

[fernandopartridge]

Isn’t it about time that the Mark Venus housing estate in Ryton was finished?

He's building one in Blackburn instead

Sent from my SM-G935F using Tapatalk

 

[Hobo]

The Arvo Master Fund has registered some new charges against the assets of Otium so perhaps the owners have put some money up for something, or otherwise covered a gap in the cashflow

1. The freehold land and buildings on the south east side of leamington road, ryton on dunsmore, coventry and registered at the land registry with title no. WK234099.
Contains fixed charge.
Contains negative pledge.

2.
Contains fixed charge.
Contains floating charge.
Floating charge covers all the property or undertaking of the company.
Contains negative pledge.

Where did you get this info out of interest? Worth monitoring.

 

[Frankly_Mr_Shankly]

Isn’t it about time that the Mark Venus housing estate in Ryton was finished?

The Venus Fly Trap Estate

 

[fernandopartridge]

Where did you get this info out of interest? Worth monitoring.

Companies House

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