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Title: £750k interest per year Post by: lebowski on Tuesday, October 9, 2007, 16:59:48 being paid on SSW's loans, according to several postings.
where has this figure come from? is it in the accounts? given that we turn over something like £2.5million a year, that is a huge slice of income gone. also, don't we have a shortfall of about £750k each year? Title: £750k interest per year Post by: Ardiles on Tuesday, October 9, 2007, 17:19:52 As ever due to the board's non-communication policy, everything is based on speculation. I had heard that Wills is charging 12% interest on his loans, which would put him firmly in loan shark territory. If he is making £750,000 per annum on an interest charge of 12%, this would imply a total loan amount of £6.25 million.
I think you would need a team of forensic accountants to answer all of your questions properly. Title: £750k interest per year Post by: RobertT on Tuesday, October 9, 2007, 17:35:36 £750k is over a 2 year period 2004/05 and 2005/06 - It went up by just over £50k I think from year to year so would presume the next set of accounts will show a similar rise to push it over £400k for a year.
Title: £750k interest per year Post by: ronnie21 on Tuesday, October 9, 2007, 18:28:19 Quote from: "Ardiles" I think you would need a team of forensic accountants to answer all of your questions properly. |