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New charges registered (1 Viewer)

  • Thread starter fernandopartridge
  • Start date Jul 15, 2022
Forums New posts

fernandopartridge

Well-Known Member
  • Jul 15, 2022
  • #1
The Arvo Master Fund has registered some new charges against the assets of Otium so perhaps the owners have put some money up for something, or otherwise covered a gap in the cashflow

1. The freehold land and buildings on the south east side of leamington road, ryton on dunsmore, coventry and registered at the land registry with title no. WK234099.
Contains fixed charge.
Contains negative pledge.

2.
Contains fixed charge.
Contains floating charge.
Floating charge covers all the property or undertaking of the company.
Contains negative pledge.
 

Nick

Administrator
  • Jul 15, 2022
  • #2
I am sure I saw somebody say they had put money in (in terms of cashflow) in the last few weeks but can't remember where

Secured on Ryton?
 

chiefdave

Well-Known Member
  • Jul 15, 2022
  • #3
What are AVRO doing putting money in, don't they know you can just get a handout of taxpayer cash if you're running an unsustainable business.
 
Reactions: jordan210, RegTheDonk, MusicDating and 6 others

fernandopartridge

Well-Known Member
  • Jul 15, 2022
  • #4
I'm not sure of the significance of one charge against just Ryton and the other against all the assets of the company, wondered whether its related to the value of each charge.

Perhaps they have put some money in to invest in the new pitches at Ryton and that's the first charge?
 

SBAndy

Well-Known Member
  • Jul 15, 2022
  • #5
The ‘all assets’ is standard wording for a debenture. Just puts them in a stronger position if the club were to be liquidated (of course I pray this doesn’t happen, not should we be unduly worried about it).
 
Reactions: Hiraeth

JimmyHillsbeard

Well-Known Member
  • Jul 15, 2022
  • #6
Isn’t it about time that the Mark Venus housing estate in Ryton was finished?
 
Reactions: oscillatewildly and Deleted member 5849

fernandopartridge

Well-Known Member
  • Jul 15, 2022
  • #7
JimmyHillsbeard said:
Isn’t it about time that the Mark Venus housing estate in Ryton was finished?
Click to expand...
He's building one in Blackburn instead

Sent from my SM-G935F using Tapatalk
 
Reactions: JimmyHillsbeard and shepardo01

Hobo

Well-Known Member
  • Jul 15, 2022
  • #8
fernandopartridge said:
The Arvo Master Fund has registered some new charges against the assets of Otium so perhaps the owners have put some money up for something, or otherwise covered a gap in the cashflow

1. The freehold land and buildings on the south east side of leamington road, ryton on dunsmore, coventry and registered at the land registry with title no. WK234099.
Contains fixed charge.
Contains negative pledge.

2.
Contains fixed charge.
Contains floating charge.
Floating charge covers all the property or undertaking of the company.
Contains negative pledge.
Click to expand...

Where did you get this info out of interest? Worth monitoring.
 

Frankly_Mr_Shankly

Well-Known Member
  • Jul 15, 2022
  • #9
JimmyHillsbeard said:
Isn’t it about time that the Mark Venus housing estate in Ryton was finished?
Click to expand...
The Venus Fly Trap Estate
 
Reactions: JimmyHillsbeard

fernandopartridge

Well-Known Member
  • Jul 15, 2022
  • #10
Hobo said:
Where did you get this info out of interest? Worth monitoring.
Click to expand...
Companies House

Sent from my SM-G935F using Tapatalk
 
Reactions: Hobo
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