oldskyblue58
CCFC Finance Director
Sisu posted their results at Companies House for 31/03/2020 back in November.
link can be found here
Or by searching Companies House Beta - SISU Capital
not going to spend a lot of time discussing the contents, just thought some might be interested
There are two parts to the group, SISU Capital Limited and SISU Capital Partners LLP
Briefly - Results show (all comparisons are between 2020 and the 2019 year ends)
- income down by nearly £1.8m
- administrative costs dropped by £254k
- tax provision increased to £138k from £30K
- overall profits were down from £2.6m to £965k
- targeted income sources are from ARVO Master Fund Ltd & the SISU Capital Master Fund Ltd. Both of which have loans due from Otium/CCFC and earning interest from those companies
- Clean audit reports
-Net assets £2.1m down slightly from £2.25m in 2019. Basically means the profits have been drawn down (mainly through SISU Capital Partners LLP as drawings ie payments to the LLP partners)
- still same number of employees disclosed (5) but salaries are down 71k at only 29k in total
- Seppala earned £127k salary as a director down from £1.3m. She controls the Group
- there is an adjustment relating to a mis-statement on the 2019 accounts £1.5m (which seems relate to disclosures rather than missed profits)
- Value of the pension scheme and matching creditor is down - most likely because of the pandemic when lockdown kicked in 23-03-2020
Not much else to say
link can be found here
SKY BLUE SPORTS & LEISURE LIMITED filing history - Find and update company information - GOV.UK
SKY BLUE SPORTS & LEISURE LIMITED - Free company information from Companies House including registered office address, filing history, accounts, annual return, officers, charges, business activity
Or by searching Companies House Beta - SISU Capital
not going to spend a lot of time discussing the contents, just thought some might be interested
There are two parts to the group, SISU Capital Limited and SISU Capital Partners LLP
Briefly - Results show (all comparisons are between 2020 and the 2019 year ends)
- income down by nearly £1.8m
- administrative costs dropped by £254k
- tax provision increased to £138k from £30K
- overall profits were down from £2.6m to £965k
- targeted income sources are from ARVO Master Fund Ltd & the SISU Capital Master Fund Ltd. Both of which have loans due from Otium/CCFC and earning interest from those companies
- Clean audit reports
-Net assets £2.1m down slightly from £2.25m in 2019. Basically means the profits have been drawn down (mainly through SISU Capital Partners LLP as drawings ie payments to the LLP partners)
- still same number of employees disclosed (5) but salaries are down 71k at only 29k in total
- Seppala earned £127k salary as a director down from £1.3m. She controls the Group
- there is an adjustment relating to a mis-statement on the 2019 accounts £1.5m (which seems relate to disclosures rather than missed profits)
- Value of the pension scheme and matching creditor is down - most likely because of the pandemic when lockdown kicked in 23-03-2020
Not much else to say