Pages: [1] 2 3   Go Down
Print
Author Topic: Latest accounts  (Read 4208 times)
The Artist Formerly Known as Audrey


+53/-89
Offline Offline

Posts: 3522




Ignore
« on: Wednesday, February 28, 2018, 17:28:13 »

Not got a clue meself

http://www.swindonadvertiser.co.uk/sport/swindon_town_2014/16055368.Town_s_debt_continues_to_fall/
Logged
Samdy Gray
Dirty sneaky traitor weasel


+13/-82
Offline Offline

Posts: 25948





Ignore
« Reply #1 on: Wednesday, February 28, 2018, 17:42:29 »

It means someone who hasn't got a clue how to read a set of accounts has written an article talking about how some numbers of changed.

Logged
Samdy Gray
Dirty sneaky traitor weasel


+13/-82
Offline Offline

Posts: 25948





Ignore
« Reply #2 on: Wednesday, February 28, 2018, 17:43:31 »

Debtors increase from £257k to £2.19m could possibly be the Ajose transfer fee owed but not paid (at the time of the accounts).
Logged
4D


+87/-84
Offline Offline

Posts: 11877


I am real




Ignore
« Reply #3 on: Wednesday, February 28, 2018, 18:26:23 »

Basically...

Assets of £139k
Current liability of (£3.5m) this is current assets such as trade debtors, cash less current liabilities such as trade creditors, overdrafts.
Long term Loans (£6m)
Logged
Bogus Dave
A pretend Dave.


+19/-57
Offline Offline

Posts: 14686





Ignore
« Reply #4 on: Wednesday, February 28, 2018, 20:36:38 »

Unless Iím misreading it (which I almost certainly am), looks like power out in net £800k in the year. Asset stripping cunt
Logged

Things get better but they never get good
Batch
Thingie


+116/-50
Offline Offline

Posts: 38106





Ignore
« Reply #5 on: Wednesday, February 28, 2018, 20:37:44 »

So,

Concerning/good/insufficient data*

*delete as appropriate.
Logged
Bogus Dave
A pretend Dave.


+19/-57
Offline Offline

Posts: 14686





Ignore
« Reply #6 on: Wednesday, February 28, 2018, 20:41:17 »

You canít really draw any serious conclusions from these type of accounts. Not that it stops people from trying
Logged

Things get better but they never get good
Simon Pieman
Original Wanker


+31/-32
Offline Offline

Posts: 36103




« Reply #7 on: Wednesday, February 28, 2018, 22:07:28 »

Debtors increase from £257k to £2.19m could possibly be the Ajose transfer fee owed but not paid (at the time of the accounts).

It's the Eady money I reckon, circa £2m other debtor
Logged
Simon Pieman
Original Wanker


+31/-32
Offline Offline

Posts: 36103




« Reply #8 on: Wednesday, February 28, 2018, 22:08:12 »

Oh and debt has actually increased
Logged
Don Rogers Sock

« Reply #9 on: Wednesday, February 28, 2018, 22:25:15 »

What do you make of what you seen then Si? Pretty standard
Logged
Simon Pieman
Original Wanker


+31/-32
Offline Offline

Posts: 36103




« Reply #10 on: Thursday, March 1, 2018, 00:05:54 »

Really can't tell much from what's issued. We made a profit and maybe that's the main thing to take away which the adver have sort of said but in an incorrect way.

We did get relegated too mind.
Logged
Batch
Thingie


+116/-50
Offline Offline

Posts: 38106





Ignore
« Reply #11 on: Thursday, March 1, 2018, 00:12:04 »

we've made a profit, but debt increased.

um, can you explain it that to us thickies...
Logged
4D


+87/-84
Offline Offline

Posts: 11877


I am real




Ignore
« Reply #12 on: Thursday, March 1, 2018, 00:22:45 »

Net liability decreased by £1.5m, Directors loan account increased but I suspect other loans reduced. Can't tell from this partial information.
Logged
Simon Pieman
Original Wanker


+31/-32
Offline Offline

Posts: 36103




« Reply #13 on: Thursday, March 1, 2018, 09:31:14 »

we've made a profit, but debt increased.

um, can you explain it that to us thickies...

I start up a business. Firstly, I need to get a mortgage to buy a premises to run the business from, so I take out a £450k mortgage to do this. All my other money goes into the property and setting it up for my business.

For trading, I start off with £0 funds but took out a loan of £100k to start up my business.
I buy product for £100k and sell it for £120k. That means I make a profit of a £20k.

But I haven't made any loan or mortgage repayments yet. So my debt went up by £550k but I made a profit of £20k.

The above is a simple and unrealistic example, but hope that explains why you can make a profit but still have more debt.
Logged
Batch
Thingie


+116/-50
Offline Offline

Posts: 38106





Ignore
« Reply #14 on: Thursday, March 1, 2018, 09:51:23 »

ah, I see, thanks
Logged
Pages: [1] 2 3   Go Up
Print
Jump to: