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  • Thread starter Briles
  • Start date Jan 12, 2022
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wingy

Well-Known Member
  • Jan 12, 2022
  • #36
Sconset charge on the training ground
Anything changed there?
 

Samo

Well-Known Member
  • Jan 12, 2022
  • #37
chiefdave said:
Sadly Joy has never done anything to make me that excited.
Click to expand...

Well there was the sky blue dress, I did feel a slight twitch down below.
 

shmmeee

Well-Known Member
  • Jan 12, 2022
  • #38
So is this nothing? New investment? Shuffling deckchairs?

Save us @oldskyblue58 you’re our only hope!
 
Reactions: clint van damme

Flying Fokker

Well-Known Member
  • Jan 12, 2022
  • #39
shmmeee said:
So is this nothing? New investment? Shuffling deckchairs?

Save us @oldskyblue58 you’re our only hope!
Click to expand...
The Messiah returning? I recall him saying he was only a very naughty boy?
 

better days

Well-Known Member
  • Jan 12, 2022
  • #40
Lots of firms have filed documents late during the pandemic as so many office based staff are working from home
Still shouldn't miss the deadlines but this may not be anything significant
 
Reactions: Sky Blue Pete

slowpoke

Well-Known Member
  • Jan 12, 2022
  • #41
Briles said:
View attachment 23475
Click to expand...
How many companies make up Coventry City ?
 

Saddlebrains

Well-Known Member
  • Jan 12, 2022
  • #42
slowpoke said:
How many companies make up Coventry City ?
Click to expand...


Eleventy Billion
 
Reactions: Hiraeth, CCFCSteve, RegiswasGod and 1 other person

Grendel

Well-Known Member
  • Jan 12, 2022
  • #43
slowpoke said:
How many companies make up Coventry City ?
Click to expand...

One - Otium Entertainment Group
 
Reactions: TwistAndShoutCCFC1987, steve cooper, wingy and 1 other person

Grendel

Well-Known Member
  • Jan 12, 2022
  • #44
better days said:
Lots of firms have filed documents late during the pandemic as so many office based staff are working from home
Still shouldn't miss the deadlines but this may not be anything significant
Click to expand...

SBS and L have no direct association with the club. They are a dormant company with accumulated debt.

I assume the MR01 is just a technicality to ensure any loan is prioritised if the company concerned is liquidated. Is it a new loan or adjusted securities - I have no idea
 
Reactions: Flying Fokker, TwistAndShoutCCFC1987 and better days

mark82

Super Moderator
  • Jan 12, 2022
  • #45
Grendel said:
SBS and L have no direct association with the club. They are a dormant company with accumulated debt.

I assume the MR01 is just a technicality to ensure any loan is prioritised if the company concerned is liquidated. Is it a new loan or adjusted securities - I have no idea
Click to expand...

Statement from the club below the screenshot in the first post suggests it's new borrowing. Presumably just whatever has been put in over the last year or so.
 

mark82

Super Moderator
  • Jan 12, 2022
  • #46
shmmeee said:
So is this nothing? New investment? Shuffling deckchairs?

Save us @oldskyblue58 you’re our only hope!
Click to expand...

Nothing/shuffling deckchairs.
 

Grendel

Well-Known Member
  • Jan 12, 2022
  • #47
mark82 said:
Statement from the club below the screenshot in the first post suggests it's new borrowing. Presumably just whatever has been put in over the last year or so.
Click to expand...

Worrying as it’s not short term loans then and is no doubt at Wonga rates also I thought this document is valid only if done within 3 weeks of a transaction?
 
Last edited: Jan 12, 2022

Grendel

Well-Known Member
  • Jan 12, 2022
  • #48
chiefdave said:
As things stand all seems a non-story. We've been here before with people getting excited that the club is about to be sold and it never comes to anything so I'll need to see something more solid than this before I start getting excited.
Click to expand...

i can’t see this form has been lodged before? I would guess we have huge liquidity issues with zero interest (haha) in our owners bridging it through sensible arrangements, we supposedly have a £7 billion fund manager running us but she has to run to the local money lender if we can’t afford to pay for a paper clip on the office
 

oldskyblue58

CCFC Finance Director
  • Jan 12, 2022
  • #49
Not concerned by the non filing of the sbsl confirmation statement that can be brought up to date in a matter of minutes and the striking off action cancelled.

Think the charge (a) tightens the ARVO grip (b) ensures that any additional funds are secured properly.

Not about to get excited that it might give MR funds for transfers. It might but will wait see, more inclined to think that there isn't enough to pay the bills and more funds were required but the original charge needed updating. There is for instance £1m to find for the efl loan for example.

At the more extreme, there is a thought of here we go again but at the moment nothing really to back that up.

Might have better idea when 2021 accounts published in February.

None of this has anything to do with Boddy, he isn't a director, shareholder or company secretary
 

Grendel

Well-Known Member
  • Jan 12, 2022
  • #50
oldskyblue58 said:
Not concerned by the non filing of the sbsl confirmation statement that can be brought up to date in a matter of minutes and the striking off action cancelled.

Think the charge (a) tightens the ARVO grip (b) ensures that any additional funds are secured properly.

Not about to get excited that it might give MR funds for transfers. It might but will wait see, more inclined to think that there isn't enough to pay the bills and more funds were required but the original charge needed updating. There is for instance £1m to find for the efl loan for example.

At the more extreme, there is a thought of here we go again but at the moment nothing really to back that up.

Might have better idea when 2021 accounts published in February.

None of this has anything to do with Boddy, he isn't a director, shareholder or company secretary
Click to expand...

What are they actually securing against? That’s what I don’t understand? It’s clearly just covering escalating losses but is there more debt loading here? Can’t see anything positive but may just be procedural?
 

oldskyblue58

CCFC Finance Director
  • Jan 12, 2022
  • #51
Simply put any and every asset otium has now or in the future.

They put money back in during 2019- 20 and the original charge from 2013 might not have covered that.

Have to wait to see what it all means, could be all sorts of things. It could be new loans but unless we see MR bidding for players then I would guess such loans would cover day to day costs.
 
Reactions: Sick Boy, Philosoraptor, clint van damme and 1 other person

oldskyblue58

CCFC Finance Director
  • Jan 12, 2022
  • #52
The non filing has happened several times in the past on all ccfc companies.

The confirmation statement has to be filed each year, is an administrative form and the fee is £13

Nothing to get excited about to be honest, just highlights some poor internal administration
 

Grendel

Well-Known Member
  • Jan 12, 2022
  • #53
oldskyblue58 said:
Simply put any and every asset otium has now or in the future.

They put money back in during 2019- 20 and the original charge from 2013 might not have covered that.
Click to expand...

How encouraging
 
H

HuckerbyDublinWhelan

Well-Known Member
  • Jan 12, 2022
  • #54
So is joy getting a new handbag?
 

Evo1883

Well-Known Member
  • Jan 13, 2022
  • #55
fernandopartridge said:
Scarba Limited appears to be a northern Irish cleaning company SCARBA LTD people - Find and update company information - GOV.UK (company-information.service.gov.uk)

Looks a bit weird unless the filing is incorrect
Click to expand...
About right for us , always had a feeling our mega takeover would come from Malcolms in tile hill or Julie's batch van in whitley
 
Reactions: Briles and Saddlebrains

Nick

Administrator
  • Jan 13, 2022
  • #56
Evo1883 said:
About right for us , always had a feeling our mega takeover would come from Malcolms in tile hill or Julie's batch van in whitley
Click to expand...

To be fair, Malcolms is a decent shop.
 
Reactions: christonabike

Evo1883

Well-Known Member
  • Jan 13, 2022
  • #57
Nick said:
To be fair, Malcolms is a decent shop.
Click to expand...

But could he negotiate a deal with 39 year old jermaine defoe ? That's the question
 

Nick

Administrator
  • Jan 13, 2022
  • #58
Evo1883 said:
But could he negotiate a deal with 39 year old jermaine defoe ? That's the question
Click to expand...

I reckon so. Unlimited snacks.
 
Reactions: Evo1883
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