Thetownend.com

Good news! Official club statement...

"At the time that the Andrew Fitton led consortium acquired a controlling interest in Swindon Town Football Company Limited, it immediately met the conditions attached to the CVA (Creditor Voluntary Arrangement) that the club was in at the time.

The club is pleased to announce that after a protracted period of time, the administrator (Hacker Young) has officially confirmed that the CVA has been discharged and that the records at Companies House have now been amended accordingly. "

http://www.swindontownfc.co.uk/page/NewsDetail/0,,10341~2064290,00.html

:beers:

About fucking time.

Fucking lovely! :D

Woo-fucking-hoo.  Worth coming back from Marrakech for (note holiday booked with playoff dates in mind).

Yaaaaaaaaaaaaaaaaaay  :clap: :beers:

Slight understatement.

Good news that.

They've been pid for some time, it's only because Andronikou is such a cock that it hasn't been signed off.

Andronikou - STFC Saviour...again!

Nice to get that one off our back.

We're such a bunch of busybodies...

Shame Andronikou isn't a bit more busy, he might have signed the fucking thing off 18 months ago when he should have done

Calmly understated.

Andronikou was merely taking his time to ensure it was all done properly and above board. Less haste more speed is his motto.

That's possibly the funniest thing I've heard.

You mean he was dragging it out to get another payment for his services

It's probably only done now because someone took the papers down to Fratton Park and pretended they wanted his autograph.

:D

Although I think you mean "Less haste, more fees"

Don't know if it's been posted before?

http://www.twohundredpercent.net/?p=5438

That's a brilliant piece of work. Who wrote it? I am impressed that someone either kept notes over such a long period or did some full on research.

Yep.

Do I recall hearing that Paul D assisted them with some of the facts ?

http://thetownend.com/index.php/topic,35994.750.html

If you did, you heard wrong :) twohundredpercent generally are brilliant - this kind of in-depth research/drawing together of all the available material to do comprehensive "all you need to know" pieces on various football issues is their standard MO, not just a one-off in this instance. Fantastic blog, really well written and researched

If any sad bastard out there wants a copy of the Final report, R&P Account and time cost analysis PM me your email address and I'll send across the image. It'll save you a quid.

There's nothing at all of any particular interest in it.

Office Holder's remuneration was £48,927.07 which isn't very much at all considering the size and length of the CVA.

They haven't bothered to update the Disbursement analysis on the time-cost summary to match the disbursements on the R&P which is just plain lazy.

On paragraph 4.2 they have missed out the Inland revenue's total claim.

There seems to be a serious lack of full stops and decimal points.

They've also put 44 hours down to 'Case Specific Matters' but haven't specified what they were which again is fucking lazy.

Makes me feel better about the standard of reports that come out of my office!

Andronikou in "does half-arsed slapdash job even though it took him two years to do it" shock!

You might very well think that; I couldn't possibly comment

Although I wouldn't put it past Andronikou, that's probably more to do with Companies House's scanning software. We had the same problem at work for a while; the software can be fine tuned to remove blemishes from scanned images, but if not done properly then you end up removing parts of the text.