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Author Topic: Latest accounts  (Read 26048 times)
The Artist Formerly Known as Audrey

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« 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/
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Samdy Gray
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« 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.

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Samdy Gray
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« 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).
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4D
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« 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)
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Bogus Dave
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« 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
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Batch
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« Reply #5 on: Wednesday, February 28, 2018, 20:37:44 »

So,

Concerning/good/insufficient data*

*delete as appropriate.
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Bogus Dave
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« 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
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Simon Pieman
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« 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
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Simon Pieman
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« Reply #8 on: Wednesday, February 28, 2018, 22:08:12 »

Oh and debt has actually increased
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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
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Simon Pieman
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« 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.
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« 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...
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« 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.
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Simon Pieman
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« 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.
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« Reply #14 on: Thursday, March 1, 2018, 09:51:23 »

ah, I see, thanks
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