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- Thread starter Briles
- Start date
Samo
Well-Known Member
Well there was the sky blue dress, I did feel a slight twitch down below.
shmmeee
Well-Known Member
So is this nothing? New investment? Shuffling deckchairs?
Save us @oldskyblue58 you’re our only hope!
Save us @oldskyblue58 you’re our only hope!
Flying Fokker
Well-Known Member
The Messiah returning? I recall him saying he was only a very naughty boy?
better days
Well-Known Member
Lots of firms have filed documents late during the pandemic as so many office based staff are working from home
Still shouldn't miss the deadlines but this may not be anything significant
Still shouldn't miss the deadlines but this may not be anything significant
SkyblueDad
Well-Known Member
How many companies make up Coventry City ?
Saddlebrains
Well-Known Member
Grendel
Well-Known Member
One - Otium Entertainment Group
Grendel
Well-Known Member
SBS and L have no direct association with the club. They are a dormant company with accumulated debt.
I assume the MR01 is just a technicality to ensure any loan is prioritised if the company concerned is liquidated. Is it a new loan or adjusted securities - I have no idea
mark82
Super Moderator
Statement from the club below the screenshot in the first post suggests it's new borrowing. Presumably just whatever has been put in over the last year or so.
mark82
Super Moderator
Nothing/shuffling deckchairs.
Grendel
Well-Known Member
Worrying as it’s not short term loans then and is no doubt at Wonga rates also I thought this document is valid only if done within 3 weeks of a transaction?
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Grendel
Well-Known Member
i can’t see this form has been lodged before? I would guess we have huge liquidity issues with zero interest (haha) in our owners bridging it through sensible arrangements, we supposedly have a £7 billion fund manager running us but she has to run to the local money lender if we can’t afford to pay for a paper clip on the office
oldskyblue58
CCFC Finance Director
Not concerned by the non filing of the sbsl confirmation statement that can be brought up to date in a matter of minutes and the striking off action cancelled.
Think the charge (a) tightens the ARVO grip (b) ensures that any additional funds are secured properly.
Not about to get excited that it might give MR funds for transfers. It might but will wait see, more inclined to think that there isn't enough to pay the bills and more funds were required but the original charge needed updating. There is for instance £1m to find for the efl loan for example.
At the more extreme, there is a thought of here we go again but at the moment nothing really to back that up.
Might have better idea when 2021 accounts published in February.
None of this has anything to do with Boddy, he isn't a director, shareholder or company secretary
Think the charge (a) tightens the ARVO grip (b) ensures that any additional funds are secured properly.
Not about to get excited that it might give MR funds for transfers. It might but will wait see, more inclined to think that there isn't enough to pay the bills and more funds were required but the original charge needed updating. There is for instance £1m to find for the efl loan for example.
At the more extreme, there is a thought of here we go again but at the moment nothing really to back that up.
Might have better idea when 2021 accounts published in February.
None of this has anything to do with Boddy, he isn't a director, shareholder or company secretary
Grendel
Well-Known Member
What are they actually securing against? That’s what I don’t understand? It’s clearly just covering escalating losses but is there more debt loading here? Can’t see anything positive but may just be procedural?
oldskyblue58
CCFC Finance Director
Simply put any and every asset otium has now or in the future.
They put money back in during 2019- 20 and the original charge from 2013 might not have covered that.
Have to wait to see what it all means, could be all sorts of things. It could be new loans but unless we see MR bidding for players then I would guess such loans would cover day to day costs.
They put money back in during 2019- 20 and the original charge from 2013 might not have covered that.
Have to wait to see what it all means, could be all sorts of things. It could be new loans but unless we see MR bidding for players then I would guess such loans would cover day to day costs.
oldskyblue58
CCFC Finance Director
The non filing has happened several times in the past on all ccfc companies.
The confirmation statement has to be filed each year, is an administrative form and the fee is £13
Nothing to get excited about to be honest, just highlights some poor internal administration
The confirmation statement has to be filed each year, is an administrative form and the fee is £13
Nothing to get excited about to be honest, just highlights some poor internal administration
Grendel
Well-Known Member
How encouraging
HuckerbyDublinWhelan
Well-Known Member
So is joy getting a new handbag?
Evo1883
Well-Known Member
About right for us , always had a feeling our mega takeover would come from Malcolms in tile hill or Julie's batch van in whitley
Nick
Administrator
To be fair, Malcolms is a decent shop.
Evo1883
Well-Known Member
But could he negotiate a deal with 39 year old jermaine defoe ? That's the question
Nick
Administrator
I reckon so. Unlimited snacks.