How long, accountability ? (1 Viewer)

[James Smith]

Not trying to get a tube are you?

I allowed more than double the amount of time it normally takes to get in and I still only just made it.

 

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[Ashdown1]

London's a fabulous City but somehow I'm always quite pleased to leave after a visit and start to see trees and fields and space again !

 

[oldskyblue58]

I asked you because you have access to the accounts and expertize to analyse them. I don't.
I think Ryton was mortgaged by Ranson - and he also used factoring of the ST. Thus I asked if any of that could add to the amount of interests paid.

Why would some of the interest on the ARVO loans be accrued?

errr yes and I answered. The questions on my part were more rhetorical because there is not enough detail. There is no registered charge relating to Ranson and Ryton. Ryton is charged to ARVO. Ranson left March 2011 before the 2012 SBS&L accounts started. Prozone was sold June 2011 (so unlikely to be any great charge to interest in the 2012 accounts). Were the club still factoring ST's in 2012 I don't know but it wouldn't have been a massive sum there were only 6000 ST holders 2012 I think

The interest is accrued because it had not been actually paid over by 31/05/12. The total charge to interest in the Profit & Loss account is £1,264,619 the cashflow statement says £980,737 had physically been paid, add the ARVO accrual 218,893 = 1,199,630 and that indicates other interest was being paid but not to who.

 

[Jack Griffin]

Regarding the hedge being an insolvency event, just a reminder about Adam Bradley who was CCFC Ltd & CCFC (H) Ltd company secretary till 11th July 2013.

In the document he states: “Mr Adam Bradley of Taylor Vinters was company secretary of CCFC Holdings Ltd, CCFC Ltd and other entities in the group from 20 December 2010 to 26 June 2013 and that he is an insolvency adviser of considerable reputation.

http://www.coventrytelegraph.net/news/coventry-news/mp-bob-ainsworth-raises-fresh-5117989

There was also this interesting comment about the referenced article..

Andrew Maniban

2:47 PM on 17/7/2013

There is is no question that Mr Ainsworth's parliamentary interventions are highly illuminating and useful. But one SISU name he appears to have overlooked is Grant Meredith Jones, honorary professor of insolvency law at the University of Nottingham. He specializes in football club reconstruction and was retained by SISU as in-house counsel in 2010 (Grant Jones online cv). It may be a case of post hoc ergo propter hoc, but all the financial subterfuges engaged in by SISU postdate his retention.

Here is that cv http://gmjones.org/pdfs/ProfGrantJo...lappointmentsscheme&hisschemeCVisattached.pdf

 

[Mary_Mungo_Midge]

Regarding the hedge being an insolvency event, just a reminder about Adam Bradley who was CCFC Ltd & CCFC (H) Ltd company secretary till 11th July 2013.



http://www.coventrytelegraph.net/news/coventry-news/mp-bob-ainsworth-raises-fresh-5117989

There was also this interesting comment about the referenced article..


Here is that cv http://gmjones.org/pdfs/ProfGrantJo...lappointmentsscheme&hisschemeCVisattached.pdf

How very intertesting indeed. Just remind me how the timings of these appointments fit in with the 'rent dispute', can you?

 

[James Smith]

Regarding the hedge being an insolvency event, just a reminder about Adam Bradley who was CCFC Ltd & CCFC (H) Ltd company secretary till 11th July 2013.



http://www.coventrytelegraph.net/news/coventry-news/mp-bob-ainsworth-raises-fresh-5117989

There was also this interesting comment about the referenced article..


Here is that cv http://gmjones.org/pdfs/ProfGrantJo...lappointmentsscheme&hisschemeCVisattached.pdf

Wow he charges £400 an hour - that's about what I earn a week!