New beginnings - 25% Truth, 80% Bollocks

[Batch]

You're fooling no-one batch

I'm at that age where I'll take my kicks where I can!

[Batch]

Wtf is the car wash all about?

It's where you arrive with a dirty car, and for money they'll make it clean.  In this one, if you flash a smile first they'll take your teeth as a deposit.
----
Honestly, I'm sure this was part of the plot to Ozark. edit: you already mentioned, it was Breaking Bad.

[ChalkyWhiteIsGod]

I just mentioned car wash because its a common money laundering option. Didn't realise there actually was one on site.

[Batch]

I just mentioned car wash because its a common money laundering option. Didn't realise there actually was one on site.

There isn't. There was going to be. That's why we are being sued.

[Bob's Orange]

It's where you arrive with a dirty car, and for money they'll make it clean.  In this one, if you flash a smile first they'll take your teeth as a deposit.
----
Honestly, I'm sure this was part of the plot to Ozark. edit: you already mentioned, it was Breaking Bad.

Carter USM?

[Batch]

Yes.

[Nemo]

Accounts are now on Companies House. I think we... haven't lost money? Slightly smaller profit than the year before with the Man City money.

https://find-and-update.company-information.service.gov.uk/company/00053100/filing-history find them here

Okay, there's a big note that basically states that the club's half of the Nigel Eady Trust Money (£1.15m) went through the club and therefore counts as club income, and without that the loss for the year would have been £1.073m

These accounts are the year to May 2023 (so, last season) and compare to the previous year (21/22 season)

Turnover down 10% (6.6m to 6m)
Cost of sales up 15% (3.9m to 4.6m)
Administrative expenses up 50% (2.3 to 3.6m)

£76k post tax profit but that's including the club's £1.15m of the Eady money

What the fuck happened to our admin expenses - I'm not sure whether that's the other half of the Eady/CG transaction or something more sinister.

Otherwise, at first glance the accounts aren't too disastrous. The admin costs is obviously the big :eyesemoji: thing, that's where Fairgame/smarter people than me are going to have to investigate.

Turnover going down makes sense with no Man City and no playoffs.

Cost of sales going up is broadly in line with inflation, no huge shock.

Admin costs are the sore thumb sticking out there.

[tans]

Admin expenses up £1.3m

On fucking what?

[Nemo]

It could be including the other side of the Eady transaction (1.15m of it anyway), but if it isn't...

Staffing numbers gone up from 128 to 214, I wonder if that was bringing the catering in house or something? Hard to see where another 90 staff have appeared from otherwise.

[Bogus Dave]

I don’t know how the averages are calculated, but the 2022 figure will include the summer of 2021 which would drag it down

Moneys owed to axis increased by 1.6m but total borrowings only by 0.5m - which I guess suggests bringing more of the debt into the axis family, but the axis family is falling apart so…..

[The Artist Formerly Known as Audrey]

So, we’re running a business with a T/O of £6m and over half - fucking half - of that disappears in admin costs!

Someone’s pulling my pisser

[BambooToTheFuture]

one meeting in and they're already sending people unsolicited pictures

Tbh, I tried to send him a picture {solicited of course} of my massive rosette and couldn't. Turned out I hadn't opened the .zip and was trying to send a .doc file, not a... 

NB: Must ask Christian Hornier for guidance on the matter 

[BambooToTheFuture]

The JV payments would barely keep keep a small sweet shop open.  Talking of which, we haven't still got one of those have we? Known for money laundering those things.

I take it you've not seen the latest press release and sponsor of the ''sweet shop'' then?


Apparently when interviewed recently, Zav Austin misheard the interviewer and replied with ''...yes, things here are going well and we've got a good structure now. The sweatshop has been in operation for just over three months...''

[The Artist Formerly Known as Audrey]

If you’re bored

https://www.investopedia.com/terms/a/administrative-expenses.asp

[STFC_Manc]

Accounts are now on Companies House. I think we... haven't lost money? Slightly smaller profit than the year before with the Man City money.

https://find-and-update.company-information.service.gov.uk/company/00053100/filing-history find them here

Okay, there's a big note that basically states that the club's half of the Nigel Eady Trust Money (£1.15m) went through the club and therefore counts as club income, and without that the loss for the year would have been £1.073m

These accounts are the year to May 2023 (so, last season) and compare to the previous year (21/22 season)

Turnover down 10% (6.6m to 6m)
Cost of sales up 15% (3.9m to 4.6m)
Administrative expenses up 50% (2.3 to 3.6m)

£76k post tax profit but that's including the club's £1.15m of the Eady money

What the fuck happened to our admin expenses - I'm not sure whether that's the other half of the Eady/CG transaction or something more sinister.

Otherwise, at first glance the accounts aren't too disastrous. The admin costs is obviously the big :eyesemoji: thing, that's where Fairgame/smarter people than me are going to have to investigate.

Turnover going down makes sense with no Man City and no playoffs.

Cost of sales going up is broadly in line with inflation, no huge shock.

Admin costs are the sore thumb sticking out there.

Using the information from the accounts document, you can see the other income of £2.3m from the Eady Trust.

The other side of it (the donation to the Trust) would have to appear in admin expenses, which would account for £1.15m of the £1.4m.

I can't see the donation anywhere else, it looks like the £8.2m quoted before as well, adding the costs up.