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Author Topic: #NoMoneyNoPower  (Read 39277 times)
Panda Paws

« Reply #150 on: Monday, May 24, 2021, 18:28:21 »

A well-run football club funds itself.
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Quagmire

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« Reply #151 on: Monday, May 24, 2021, 18:39:53 »

Due diligence done by the Trust on Axis

https://truststfc.tv/axis-group-due-diligence-by-truststfc/
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stfcjack

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« Reply #152 on: Monday, May 24, 2021, 19:13:47 »

Clem in!
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TheDukeOfBanbury

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« Reply #153 on: Monday, May 24, 2021, 19:27:27 »

A well-run football club funds itself.


You mean like Brentford.
Still need a helping hand start though and of course some luck.
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Panda Paws

« Reply #154 on: Monday, May 24, 2021, 19:31:01 »


You mean like Brentford.
Still need a helping hand start though and of course some luck.


Didn't have Brentford in mind tbh. More Plymouth and a few others. A helping hand is certainly needed. Ultimately, a well run business will work.
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horlock07

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« Reply #155 on: Tuesday, May 25, 2021, 08:07:24 »


You mean like Brentford.
Still need a helping hand start though and of course some luck.


We can only dream of the leg up Brentford have/are receiving from the Local Council.

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Bob's Orange
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« Reply #156 on: Tuesday, May 25, 2021, 08:07:38 »


I've been watching a bit of Dragon's Den recently and pretty sure they wouldn't get investment based on these figures -

The Axis M&E UK Group prior to dissolving of the business had a turnover in 2018 of approx. £34m (+64% on previous year), a profit of 16.5k.

I haven't read the report in detail where it probably explains why this is but profits after tax seem to slide from 2015 where they are 615,000 (on a turnover of 10m) and then in 2016 turnover is doubled yet the profit falls to less than 100k.

If someone with half a business brain could explain this, it would be much appreciated.
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we've been to Aberdeen, we hate the Hibs, they make us spew up, so make some noise,
the gorgie boys, for Hearts in Europe.
Bogus Dave
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« Reply #157 on: Tuesday, May 25, 2021, 08:11:50 »

Costs went up hth
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Things get better but they never get good
Bob's Orange
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« Reply #158 on: Tuesday, May 25, 2021, 08:13:38 »

Costs went up hth

Indeed they did, and quite substantially. Presumably that was why that part of the company was dissolved then?
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we've been to Aberdeen, we hate the Hibs, they make us spew up, so make some noise,
the gorgie boys, for Hearts in Europe.
horlock07

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« Reply #159 on: Tuesday, May 25, 2021, 08:15:55 »


Be interested to know what if anything the other non axis creditors received, otherwise there is c.£1m of money lost to other companies, it may be standard practice but still leaves people out of pocket.
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Samdy Gray
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« Reply #160 on: Tuesday, May 25, 2021, 08:19:23 »

Showing a miniscule profit on paper is standard business practice, especially for multinational companies with an overseas parent. The UK generated income will flow back to the parent as a "cost".

It's a legit way of minimising UK taxes. It's exactly what the likes of Amazon and Facebook do. It's tax avoidance, which is perfectly legal, just morally frowned upon.
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Bob's Orange
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« Reply #161 on: Tuesday, May 25, 2021, 08:20:58 »

Showing a miniscule profit on paper is standard business practice, especially for multinational companies with an overseas parent. The UK generated income will flow back to the parent as a "cost".

It's a legit way of minimising UK taxes. It's exactly what the likes of Amazon and Facebook do. It's tax avoidance, which is perfectly legal, just morally frowned upon.

Thanks Samdy for the explanation.
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we've been to Aberdeen, we hate the Hibs, they make us spew up, so make some noise,
the gorgie boys, for Hearts in Europe.
Quagmire

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« Reply #162 on: Tuesday, May 25, 2021, 08:36:02 »

I've been watching a bit of Dragon's Den recently and pretty sure they wouldn't get investment based on these figures -

The Axis M&E UK Group prior to dissolving of the business had a turnover in 2018 of approx. £34m (+64% on previous year), a profit of 16.5k.

I haven't read the report in detail where it probably explains why this is but profits after tax seem to slide from 2015 where they are 615,000 (on a turnover of 10m) and then in 2016 turnover is doubled yet the profit falls to less than 100k.

If someone with half a business brain could explain this, it would be much appreciated.

So we can rule out Deborah Meaden as Clems silent partner then?
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Bob's Orange
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« Reply #163 on: Tuesday, May 25, 2021, 08:43:08 »

So we can rule out Deborah Meaden as Clems silent partner then?

I suspect the 'green queen' wouldn't be keen to get involved, no!
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we've been to Aberdeen, we hate the Hibs, they make us spew up, so make some noise,
the gorgie boys, for Hearts in Europe.
Crackity Jones

« Reply #164 on: Tuesday, May 25, 2021, 09:22:59 »

Didn't have Brentford in mind tbh. More Plymouth and a few others. A helping hand is certainly needed. Ultimately, a well run business will work.
Benham has reportedly invested £90m in Brentford - quite a helping hand. The guy at Plymouth has invested £6m according to the beeb. This reads similar to supposed investment over the last few years at STFC if memory serves correct. Yet the two clubs have very different future outlooks on the face of it adding weight to your point about a well run business
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