New beginnings - 25% Truth, 80% Bollocks

[RobertT]

Someone mentioned it being a good thing the Accounts were being prepared - I think that may have actually referenced the fact Seebeck 87 Ltd were overdue and an active action to strike the company off had been filed in August.  Think someone said Clem was bringing them up to date - it's just a funnel through company I believe, nothing will be learned from producing them.

[horlock07]

Someone mentioned it being a good thing the Accounts were being prepared - I think that may have actually referenced the fact Seebeck 87 Ltd were overdue and an active action to strike the company off had been filed in August.  Think someone said Clem was bringing them up to date - it's just a funnel through company I believe, nothing will be learned from producing them.

I've been surprised/amused that the proposal to strike off Seebeck has not been met with greater strife and conspiracy.

I had assumed that as Seebeck was Jed's vehicle to buy the club things may have been reorganised internally and it may have just been being allowed to die a natural death, possibly in relation to the debentures being settled as they were created at the same time, I don't think its accounts have ever shown anything of note anyway?

[RobertT]

Yep, Seebeck was Jed and Swinton was Power, the latter wholly owns the former.  Pointless really, not sure why nobody has tidied them up unless they serve some sort of useful legal distancing.

Accounts for both companies reveal very little, although the share movements provide some insight.

The Debentures were against Swindon Town Football Club Ltd, so still none the wiser why Seebeck is retained.  I would say they completely forgot about it, but they did adjust the Memorandum and Articles of Association for Seebeck around the time  the accounts were due.

[horlock07]

Yep, Seebeck was Jed and Swinton was Power, the latter wholly owns the former.  Pointless really, not sure why nobody has tidied them up unless they serve some sort of useful legal distancing.

Accounts for both companies reveal very little, although the share movements provide some insight.

The Debentures were against Swindon Town Football Club Ltd, so still none the wiser why Seebeck is retained.  I would say they completely forgot about it, but they did adjust the Memorandum and Articles of Association for Seebeck around the time  the accounts were due.

Its always rather bewildered me why Clem seem to use differing accounting firms to do the accounts for each of these companies, but that's a small thing, on that basis one basically dormant company being overlooked is pretty meh really.

[Batch]

I thought Seebeck was the actual vehicle that held the FC's shares.
Swinton own Seebck, therefore the club

Seebeck accounts will show nothing, probably £10 in the bank or something. Normal.

But the implications of Seebeck going pop through strikeoff without tidying the structure properly are ? As in IDK.

Also no idea if legally it offers protection against anything above. Just don't have the knowledge, or time to look at such things.

Anyway, Clem has signed off the Seebeck accounts and it was 'an oversight'. So hopefully all academic anyway.

[joeydubya]

Think Morfuni hinted but here it is:

https://www.swindonadvertiser.co.uk/sport/23788046.swindon-town-faces-possible-fine-efl-investigate-various-matters/

[The Artist Formerly Known as Audrey]

Think Morfuni hinted but here it is:

https://www.swindonadvertiser.co.uk/sport/23788046.swindon-town-faces-possible-fine-efl-investigate-various-matters/

Pay wall

[horlock07]

Pay wall

Try opening it in a different browser to the one you normally use to access Adver stuff, so for instance for me this is paywalled on Firefox but opens fine on Chrome. Not sure how the Adver can claim it as an exclusive but hey ho.

[The Artist Formerly Known as Audrey]

Ta. Never knew that!

[joeydubya]

Anyway, Clem has signed off the Seebeck accounts and it was 'an oversight'. So hopefully all academic anyway.

As of 10:40am no change in status of Seebeck.

[The Artist Formerly Known as Audrey]

Companies House are fairly useless at updating

[horlock07]

Companies House are fairly useless at updating

TBF they are not useless, it just takes time for them to process the, no doubt, tens of thousands of documents received every day.

[The Artist Formerly Known as Audrey]

There was a program yesterday. Companies can set up bogus companies addresses at virtually any residential address they choose with zero proof. Yet those who addresses they use have to jump through hoops getting the bogus company disassociated with the homeowner - and it takes ages.

[horlock07]

There was a program yesterday. Companies can set up bogus companies addresses at virtually any residential address they choose with zero proof. Yet those who addresses they use have to jump through hoops getting the bogus company disassociated with the homeowner - and it takes ages.

There is a guy on Twitter (who must have a hell of  lot of time on his hands unless you can set up an alert for new companies being set up) who looks at such things like this this morning. https://x.com/greybrow53/status/1705136974338703557

[Nemo]

Think Morfuni hinted but here it is:

https://www.swindonadvertiser.co.uk/sport/23788046.swindon-town-faces-possible-fine-efl-investigate-various-matters/

I see the EFL are being unnecessarily negative and impossible to please as well.