Thetownend.com

Fitton confirms accounts are overdue
           

  FORMER Swindon Town chairman Andrew Fitton has stressed that there is nothing sinister going on behind the scenes at the County Ground after it emerged that the club’s holding company’s accounts are almost three months overdue.

           

http://www.thisisswindontownfc.co.uk/news/headlines/9726496.Fitton_confirms_accounts_are_overdue/?ref=rss
           

Coventry and Birmingham got hit with Transfer embargoes for the same thing. The football league dont appear to have deemed our situation worthy of one, so it doesn't appear to be anything worth worrying about.

...yet

A bit OT on this but I see Man City released their accounts publically and have lost a staggering £197m last season and that is not taking into account buying Sergio Aguero, Gael Clichy and Samir Nasri for a combined fee of around £70m.

What is the requirement for publishing accounts for de-listed companies?

Different situation. This story is about the Holding Company accounts (the company which owns the football club and via which the major shareholders exercise their ownership, make their investments into the club etc) not the club accounts. But it's still a bit of summat and nowt - the threat to de-list is more of a reminder letter than as dramatic as the story makes it sound.

So its more of a red letter than a collection agency letter?

I think I remember somebody (Wray?) saying the board are still looking for additional investment, mainly to help with funding of the stadium redevelopment. Perhaps they have found it?

Fuck this, I'm getting my orange hat out and walking down the back of the Arkells.

It's all a front for money laundering :D

They have to file accounts with the 9 months from the accounting reference date (the year end date in this case). This won't have to include a profit and loss account - just the director report, balance sheet and minimal disclosure notes.

Given our history it's understandable the nervousness. But as you say is much ado about nothing. I've given in late accounts for my company a few times for various reasons *shrugs shoulders*

Hopefully so! The reference to movement of shares is interesting, hopefully in a good way. But no cause for concern yet.


When they catch up with you, don't bend down in the shower block ;)

I wonder if it has anything to do with the ground redevelopment on the horizon and maybe creating a new company to manage the stadium but that comany would need some sort of sareholding in the FC perhaps by a development company

Shall we go again my Lord ? ;)

:) .......where's the Greek when you need him.

  Bliss isn't it....a sort of statement Friday, the Chairman about to throw his toys out of the pram, the manager possibly up on a racism rap, at the same time as the FA want to make this a sacking offence, and the accounts not being published on time.

 Is it a coincidence that PaulD has reappeared on the TEF, like a later day Cassandra?  :)

Is Only Fools and Horses coming back then ?, and do you mean latter day ?