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CCFC Ltd administrator charges over £444k (1 Viewer)

  • Thread starter SimonGilbert
  • Start date Nov 13, 2014
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SimonGilbert

Telegraph Tea Boy
  • Nov 13, 2014
  • #1
Coventry City FC Ltd administrator has charged over £444k to date. http://www.coventrytelegraph.net/news/coventry-news/coventry-city-liquidator-charged-over-8105978


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ajsccfc

Well-Known Member
  • Nov 13, 2014
  • #2



The face now makes sense.
 
D

DaleM

New Member
  • Nov 13, 2014
  • #3
Nice work if you can get it :jerkit:
 

SIR ERNIE

Well-Known Member
  • Nov 13, 2014
  • #4
ajsccfc said:



The face now makes sense.
Click to expand...


There are some faces out there that instinctively you just don't trust, aren't there.
 

skyblueinBaku

Well-Known Member
  • Nov 13, 2014
  • #5
SIR ERNIE said:
There are some faces out there that instinctively you just don't trust, aren't there.
Click to expand...

You are right, SIR ERNIE. His is a face that you would never get tired of punching.
 
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robbiethemole

Well-Known Member
  • Nov 13, 2014
  • #6
there's an overwhelming desire to punch,and keep on punching, that smug twat....................over and over and over and over, etc!!!
 
W

wingy

Well-Known Member
  • Nov 13, 2014
  • #7
Well Well Well ,that appears to show he's responsible for half of the overall figure ,with majority of the rest taken by high net partners due to the sensitivity .

The figures to ARVO are extremely wide parameters .

I would love to reads the report in the hands of Govt re director conduct.
 
R

robbiethemole

Well-Known Member
  • Nov 13, 2014
  • #8
sbid..... beat me to it but surely we can't all be wrong??
 
6

6 Generations

Well-Known Member
  • Nov 13, 2014
  • #9
How is it that Appleton. Who charges £450 per hour (or part thereof) is only able to determine that ARVO are owed between £10 million and £25 million pounds?
 

skybluebeduff

Well-Known Member
  • Nov 13, 2014
  • #10
Paid that some for doing what exactly??
 

skyblueinBaku

Well-Known Member
  • Nov 13, 2014
  • #11
6 Generations said:
How is it that Appleton. Who charges £450 per hour (or part thereof) is only able to determine that ARVO are owed between £10 million and £25 million pounds?
Click to expand...

ARVO will probably provide him with the figure that they would like.
 

skybluetony176

Well-Known Member
  • Nov 13, 2014
  • #12
HOW MUCH!

Am I reading the last paragraph right and TF is under investigation for his conduct as a director? Is there a suggestion that there has been some wrong doing or is this a standard procedure for a company that has gone through administration and liquidation?
 
G

Godiva

Well-Known Member
  • Nov 13, 2014
  • #13
The report also shows that the liquidator has filed a confidential report on the conduct of the directors to the government’s Department for Business Innovation and Skills – in accordance with the Company Directors Disqualification Act.


wingy said:
I would love to read the report in the hands of Govt re director conduct.
Click to expand...

Me too!
 

Sick Boy

Super Moderator
  • Nov 13, 2014
  • #14
Godiva said:
The report also shows that the liquidator has filed a confidential report on the conduct of the directors to the government’s Department for Business Innovation and Skills – in accordance with the Company Directors Disqualification Act.

Me too!
Click to expand...

Does this mean he could be hero worshiped on this forum very soon?
 
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wingy

Well-Known Member
  • Nov 13, 2014
  • #15
Godiva said:
The report also shows that the liquidator has filed a confidential report on the conduct of the directors to the government’s Department for Business Innovation and Skills – in accordance with the Company Directors Disqualification Act.




Me too!
Click to expand...

I'd expect this to get wrapped up pretty swiftly now ,assuming the option has slipped or unless there are questions In that report that require answers .

Should also assume the JR appeal will be heard swiftly now the Wasps are likely 100% owners .
 

oldskyblue58

CCFC Finance Director
  • Nov 13, 2014
  • #16
Actually the costs of Mr Appleton are far higher, the figures in the report only show the amounts paid out since the company went in to liquidation September 2013

Before that Mr Appletons firm had received some 215,000 on account and had spent £400,765 on legal fees

Remember that the money paid by Otium (1.5m)has been mainly used to pay Mr Appletons firm (over 656k) and the legal costs (over 447k) and repay ARVO (274k )

interesting the need to pay £30k for PR advice in this report and the £22500 plus VAT in the previous administrators report
 
Last edited: Nov 13, 2014
K

Kingokings204

Well-Known Member
  • Nov 13, 2014
  • #17
What's the betting sisu take PA to court claiming a rental strike? Now that would be irony.

Bigger question is how is then ccfc ltd supposed to buy half the freggin Ricoh? Ffs it's a joke
 

skybluepm2

Well-Known Member
  • Nov 13, 2014
  • #18
I've been waiting for this to be made public knowledge. Even more than I had anticipated. What on earth did it achieve in all honesty? The worst attempt of brinkmanship in history!

Add this sum to the figures banded around for legal fees spent not only challenging but also paying ACL, the Higgs and the Council and we are talking several million pounds. Certainly enough to pay for a half share in the Ricoh or actually investing in a good enough team to at least gain promotion to the Championship, perhaps even Premier League.

Forget SP's job being on the line, the man who should he hung out to dry is Tim Fishcake. Disgrace of a human being. How on earth this buffoon has stayed in a job is beyond me!
 

Rusty Trombone

Well-Known Member
  • Nov 13, 2014
  • #19
DAVID RUBIN & PARTNERS
Macca Media has been working on a consultancy basis with the highly respected firm of insolvency practitioners, David Rubin & Partners during the administration of Coventry City.


We have worked closely with managing partner, Paul Appleton who was appointed as Administrator, offering advice on a media strategy as well as liaising closely with both local and national media during the course of the administration and liquidation.

http://www.maccamedia.co.uk/clients/
 

Grendel

Well-Known Member
  • Nov 13, 2014
  • #20
skybluetony176 said:
HOW MUCH!

Am I reading the last paragraph right and TF is under investigation for his conduct as a director? Is there a suggestion that there has been some wrong doing or is this a standard procedure for a company that has gone through administration and liquidation?
Click to expand...

It would be interesting how many people assume that fro. The article. Simon Tony thinks your article suggests its Tim Fisher under investigation? Is it?
 
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RoboCCFC90

Well-Known Member
  • Nov 13, 2014
  • #21
skybluetony176 said:
HOW MUCH!

Am I reading the last paragraph right and TF is under investigation for his conduct as a director? Is there a suggestion that there has been some wrong doing or is this a standard procedure for a company that has gone through administration and liquidation?
Click to expand...

But how long has TF been director and is the investigation of conduct for a period of time before TF's move into this role?


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RoboCCFC90

Well-Known Member
  • Nov 13, 2014
  • #22
Grendel said:
It would be interesting how many people assume that fro. The article. Simon Tony thinks your article suggests its Tim Fisher under investigation? Is it?
Click to expand...

I don't think it can be, how can it? Tim Fisher has only been director for a shirt period of time, surely the period of time PA would be investigating as of conduct would be before this, as per before the Administration started, I.e Ray Ranson?


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skybluetony176

Well-Known Member
  • Nov 13, 2014
  • #23
Grendel said:
It would be interesting how many people assume that fro. The article. Simon Tony thinks your article suggests its Tim Fisher under investigation? Is it?
Click to expand...

I don't think anything. That's why I asked the question.
 

Grendel

Well-Known Member
  • Nov 13, 2014
  • #24
skybluetony176 said:
I don't think anything. That's why I asked the question.
Click to expand...

Why mention Fisher then?
 

skybluetony176

Well-Known Member
  • Nov 13, 2014
  • #25
Grendel said:
Why mention Fisher then?
Click to expand...

Because it mentions him in that section of the article.

Have you even read it?
 

Grendel

Well-Known Member
  • Nov 13, 2014
  • #26
skybluetony176 said:
Because it mentions him in that section of the article.

Have you even read it?
Click to expand...

So the article led you to conclude it might be Tim Fisher?
 

Hobo

Well-Known Member
  • Nov 13, 2014
  • #27
Could this relate to failure to post accounts, the accounts are a mess, the lack of clarity over which assets were in which company?

But it wouldn't surprise me if some other dodgy practice has not been unearthed.

does he have to submit a report on the directors anyway?
 
Last edited: Nov 13, 2014
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RoboCCFC90

Well-Known Member
  • Nov 13, 2014
  • #28
skybluetony176 said:
Because it mentions him in that section of the article.

Have you even read it?
Click to expand...

It doesn't state that Tim Fisher is under investigation:

"The report also shows that the liquidator has filed a confidential report on the conduct of the directors to the government’s Department for Business Innovation and Skills – in accordance with the Company Directors Disqualification Act.

The only person listed as a director of CCFC Ltd with Companies House, according to the firm’s appointments report, is current Coventry City chairman Tim Fisher."

It just states that Tim Fisher is the only Director listed of CCFC Limited, it does not state that the current Director is subject of investigation, it could be any former director of that company.


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W

wingy

Well-Known Member
  • Nov 13, 2014
  • #29
Simon Simon ,what have you done again ?

Could you clarify please ?
 

skybluetony176

Well-Known Member
  • Nov 13, 2014
  • #30
Grendel said:
So the article led you to conclude it might be Tim Fisher?
Click to expand...

Like I've already told you. I've not concluded anything that's why I've asked the question.

Too difficult of a question clearly for you.
 

skybluetony176

Well-Known Member
  • Nov 13, 2014
  • #31
RoboCCFC90 said:
It doesn't state that Tim Fisher is under investigation:

"The report also shows that the liquidator has filed a confidential report on the conduct of the directors to the government’s Department for Business Innovation and Skills – in accordance with the Company Directors Disqualification Act.

The only person listed as a director of CCFC Ltd with Companies House, according to the firm’s appointments report, is current Coventry City chairman Tim Fisher."

It just states that Tim Fisher is the only Director listed of CCFC Limited, it does not state that the current Director is subject of investigation, it could be any former director of that company.


Sent from my iPhone using Tapatalk
Click to expand...

It doesn't say it isn't either.

Also the main point of my question was is it standard practice that a report will be given to the government department in accordance with company directors disqualification act or is it because there's a suggestion that something needs further investigation by the proper authorities?
 
S

SimonGilbert

Telegraph Tea Boy
  • Nov 13, 2014
  • #32
wingy said:
Simon Simon ,what have you done again ?

Could you clarify please ?
Click to expand...

Waiting for clarification from Dept for Business Innovation and Skills.

But as it says, the contents of the report is confidential.

Worth noting that just because a report has been filed doesn't mean that anything untoward has occurred. The report could say just that for all we know.


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skybluetony176

Well-Known Member
  • Nov 13, 2014
  • #33
SimonGilbert said:
Waiting for clarification from Dept for Business Innovation and Skills.

But as it says, the contents of the report is confidential.

Worth noting that just because a report has been filed doesn't mean that anything untoward has occurred. The report could say just that for all we know.


Sent from my iPhone using Tapatalk
Click to expand...

Thank you Simon for the clarification.

The last part of your post was what I was thinking.
 

letsallsingtogether

Well-Known Member
  • Nov 13, 2014
  • #34
Never nothing dodgy about our owners must be CCC or Higg he was talking about.
Or is that why council didn't want to sell to sisu?
 

Grendel

Well-Known Member
  • Nov 13, 2014
  • #35
skybluetony176 said:
HOW MUCH!

Am I reading the last paragraph right and TF is under investigation for his conduct as a director? Is there a suggestion that there has been some wrong doing or is this a standard procedure for a company that has gone through administration and liquidation?
Click to expand...

skybluetony176 said:
I don't think anything. That's why I asked the question.
Click to expand...

skybluetony176 said:
Like I've already told you. I've not concluded anything that's why I've asked the question.

Too difficult of a question clearly for you.
Click to expand...

So why did you say is Tim Fusher under investigation. (See above)? The article by mentioning his name must have drawn you to conclude this surely?
 
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