New beginnings - 25% Truth, 80% Bollocks

[Bob's Orange]

This is probably old news, but I was talking to a former Trust member about Michael Doughty and basically his involvement in the club (which included stocking Hylo products in the club shop) was all thanks to Rob Angus. Once Rob left/was pushed, anything progressive with Doughts was a non-starter.

[Peter Venkman]

Dear EFL, do you accept cash?

Tis a fair assumption they do as FIFA definately do, in brown envelopes preferably.

[Peter Venkman]

This is probably old news, but I was talking to a former Trust member about Michael Doughty and basically his involvement in the club (which included stocking Hylo products in the club shop) was all thanks to Rob Angus. Once Rob left/was pushed, anything progressive with Doughts was a non-starter.

Cheers BO I was unaware that this was the case, and such a shame as Doughts is probably one of the few ex players of ours that has the wealth to make a difference if he were to invest at some point.

[Leggett]

Who's taking bets on being late with the accounts? The EFL must have Clem's number on speed dial at this point...

[RobertT]

Our current CFO is with us because she was no longer needed at Axis once they liquidated it to avoid paying a big creditor, right?

[Peter Venkman]

Who's taking bets on being late with the accounts? The EFL must have Clem's number on speed dial at this point...

Thats an absolute given isnt it.

[The Artist Formerly Known as Audrey]

What’s the point in filing late? You know you still have to file them and you know you’ll get shit for not doing it on time.

[Bob's Orange]

What’s the point in filing late? You know you still have to file them and you know you’ll get shit for not doing it on time.

Maybe they can't afford to pay the accountants to do them.

[Posh Red]

What’s the point in filing late? You know you still have to file them and you know you’ll get shit for not doing it on time.

The cynical among us may think it’s because if they file them now some fans will be able to see them & question them without them having been sanitised by the funfair company

[The Artist Formerly Known as Audrey]

Well, yes. But they still have to file the unadulterated accounts some time and get the examination and comments by said fans anyway.

[Lemis]

According to the EFL an "‘inadvertent breach" rightttttttttttttttt.

Obviously, it's not like Clem was claiming to be 100% owner in the months prior to it popping up on companies house. Glad the EFL bought it, last thing we'd need is a more severe punishment

[Bob's Orange]

Well, yes. But they still have to file the unadulterated accounts some time and get the examination and comments by said fans anyway.

There isn't really any benefit to them filing late as I can see. I think they are just absolutely useless and continue to make no effort to show fans that they are approaching any sort of competency level required to run a business.

Whilst the pictures shared online about the dirty clock, amateurish fixture stand, broken club shop board etc are minor, it's a bit of a sad state of affairs and does sum up to me how badly run the club is in it's current incumbents.

[Bob's Orange]

Obviously, it's not like Clem was claiming to be 100% owner in the months prior to it popping up on companies house. Glad the EFL bought it, last thing we'd need is a more severe punishment

Super sleuth Jason Lane stated Clem is only a 68% owner as he gifted Kiely 10% of shares. I'm not certain though what that fella says is worth taking any notice for all the excellent due diligence he claims to be doing.

[RobertT]

What’s the point in filing late? You know you still have to file them and you know you’ll get shit for not doing it on time.

"Rob Angus and Greg Norman did a fantastic job for the club during their time here, but since their exit we have identified a number of inefficient and broken processes that have made it more difficult to determine accurate accounts.  Anthony Hall has been hard at work getting to the bottom of the financial situation and ensuring we prepared our Accounts, which has taken a little longer as a result"

Of course, the reality is that the Accounts are for a period that ended on 31st May 2023.  9 Months ago!  The fact they are even a little bit late would be a concern, but this is repeated behaviour from Axis/Clem I think, which does beg the question as to why?  Two possible reasons I guess - people are so fucking inept that it's too bloody difficult for them to prepare basic financial statements, or they need time to organise things in a way as to avoid risk when publishing them.  They become part of the public record once given to Companies House - you want them to be relied upon if you ever need to make a case to HMRC or the Courts for example.

They make a good case that it's the former in everything else they do, but you also can't rule out the latter unfortunately.

[Nemo]

I'm not sure where that extra 10% to Chris Kiely has come from, I can't see that on Companies House which still lists Clem through Axis Football Investments/Bethany/Hollie in their known splits as the owners of Swindon Reds Ltd which owns Seebeck 87 and Seebeck as 100% owner of the football club. Have I missed something?