OTIUM ENTERTAINMENT GROUP LIMITED - new document (1 Viewer)

Jack Griffin · May 19, 2014

Available at companies house.

On 20 Dec 2011 you requested that we monitor the company OTIUM ENTERTAINMENT GROUP LIMITED for changes.

The following changes have been detected:18 May 2014

New Company Document Available Form: AR01 - Annual Return - A Full List of Directors and Shareholders, Does NOT Include the Company Accounts
21/04/14 FULL LIST

Ian1779 · May 19, 2014

What does that mean?

limoncello · May 19, 2014

Ian1779 said:
What does that mean?

Just 'like' it anyway. Don't ask questions.

crowsnest · May 20, 2014

It shows who owns the shares, including the 676, 000 issued in the last few weeks.

lordsummerisle · May 20, 2014

crowsnest said:
It shows who owns the shares, including the 676, 000 issued in the last few weeks.

Jacks post actually shows Jack Shit though.

Otis · May 20, 2014

lordsummerisle said:
Jacks post actually shows Jack Shit though.

It does?

Is he the chairman or just one of the directors?

Astute · May 20, 2014

I just want them to explain why they use the word entertainment in their name.

Otis · May 20, 2014

Maybe for the same reason Lenny Henry's tag reads ' Lenny Henry, comedian.'

Astute · May 20, 2014

Otis said:
Maybe for the same reason Lenny Henry's tag reads ' Lenny Henry, comedian.'

At least on the rare occasion he can make you laugh.......

Otis · May 20, 2014

Astute said:
At least on the rare occasion he can make you laugh.......

When was this then, 1983?

skybluelee · May 20, 2014

Astute said:
At least on the rare occasion he can make you laugh.......

No. Not once. Ever.

tisza · May 20, 2014

crowsnest said:
It shows who owns the shares, including the 676, 000 issued in the last few weeks.

Who owns them?
Is this part of the ARVO debt for equity swap?

SimonGilbert · May 20, 2014

Mr Labovitch informed me the new shares are a way of injecting cash into the business to cover costs.

Other experts suggested it's pretty standard practice.

Sent from my iPhone using Tapatalk

paulw · May 20, 2014

This started as a 'whodunnit' mystery and ended like a UKIP party political broadcast. - UKIP over there and I'll kip over here -

henry the wasp · May 20, 2014

skybluelee said:
No. Not once. Ever.

I liked him as Algernon Razzamatazz.
OOOKAYYYY!

paulw · May 20, 2014

Lenny Henry? Great on Tiswas but the premier ruined him like so many up and coming talents.

savosdad · May 20, 2014

Similar to Carlton Palmer ( footballer ) ha ha

Otis · May 20, 2014

paulw said:
Lenny Henry? Great on Tiswas but the premier ruined him like so many up and coming talents.

Also he was not so good in and around the box, hence why Dawn French dumped him.

Astute · May 20, 2014

SimonGilbert said:
Mr Labovitch informed me the new shares are a way of injecting cash into the business to cover costs.

Other experts suggested it's pretty standard practice.

Sent from my iPhone using Tapatalk

Would you say it is to pay for losses or do you think it is so we have enough of a budget to put a good enough squad together?

ajsccfc · May 20, 2014

I used to like Chef. It wasn't hilarious, but it was nicely shot.

Otis · May 20, 2014

ajsccfc said:
I used to like Chef. It wasn't hilarious, but it was nicely shot.

I wish Lenny Henry was nicely shot.

Houchens Head · May 20, 2014

I met Lenny Henry once back in the 70's when he was just starting out. He was a real big-headed smug git back then and hasn't changed one bit! Unfunny as well!
(How did we get on to Lenny Henry anyway? :thinking about

Otis · May 20, 2014

Houchens Head said:
I met Lenny Henry once back in the 70's when he was just starting out. He was a real big-headed smug git back then and hasn't changed one bit! Unfunny as well!
(How did we get on to Lenny Henry anyway? :thinking about

Been asking myself the very same question for Dawn French.

'Winch' is my best guess.

James Smith · May 20, 2014

Otis said:
When was this then, 1983?

I find his Premier Inn commercials very funny.

Have seen him do Shakespear "Comedy of Errors"* and he was very good in that.

*Interesting title

duffer · May 20, 2014

Astute said:
Would you say it is to pay for losses or do you think it is so we have enough of a budget to put a good enough squad together?

If we're not offering Murphy a new contract, then I suspect funding a successful squad isn't really at the top of the owner's priorities. I could probably live with that, if we weren't throwing millions down the drain simply to distress our former landlord...

In fairness it's early days yet - for all I know we'll sign Ronaldo in the close season, but signs point towards an even younger, weaker squad next year - imho.

wingy · May 20, 2014

Astute said:
Would you say it is to pay for losses or do you think it is so we have enough of a budget to put a good enough squad together?

Possibly that figure plus expected turnover gives the budget, then 60% of that

oldskyblue58 · May 20, 2014

The form filed is the Annual Return for 2014. All companies have to file this form annually. It lists the statutory details of the company (registered office, Directors, Secretary etc) It also shows the details of the share holders. These are as follows

Ordinary shares in issue 1000 (split 901 to SBS&L and 99 ARVO)
Non voting ordinary share 500,000 (all to ARVO)
Preference share 1,650,000 (all to ARVO)

The preference shares are ranked before the ordinary shares when it comes to dividends or capital distributions but have no voting rights.

Shares have been issued recently to get to the figures above. All to ARVO. I would guess this is because issue of new shares count towards the FFP calculation and that needed to be balanced out. As has been said elsewhere this is quite normal in order to put money in to a company but in the case of a football club it counts in other calculations too. Because of the losses accumulated the company cannot pay a dividend legally and there is no interest chargeable on shares.

sky blue john · May 20, 2014

How much was each share Osb ?
Would this give us an indication of how much money they have recently injected.

oldskyblue58 · May 20, 2014

£1 per share sbj ...... total £2,151,000

tisza · May 20, 2014

OSB - do we have to wait until the next set of accounts to see whether the shares were a conversion of loans into equity or fresh investment?

sky blue john · May 20, 2014

oldskyblue58 said:
£1 per share sbj ...... total £2,151,000

Thanks Osb.

Jack Griffin · May 20, 2014

tisza said:
OSB - do we have to wait until the next set of accounts to see whether the shares were a conversion of loans into equity or fresh investment?

Almost certainly will be new money IMHO, surely it it costs more to run the club at Northampton than income received.
I reckon it would have been possible to run it at break even in the Ricoh.

torchomatic · May 20, 2014

Shows how shit things are then as even if we were back at the Ricoh then we'd struggle break even.

Jack Griffin said:
Almost certainly will be new money IMHO, surely it it costs more to run the club at Northampton than income received.
I reckon it would have been possible to run it at break even in the Ricoh.

Jack Griffin · May 20, 2014

torchomatic said:
Shows how shit things are then as even if we were back at the Ricoh then we'd struggle break even.

Losing £7M last year is terrible money management.

duffer · May 20, 2014

torchomatic said:
Shows how shit things are then as even if we were back at the Ricoh then we'd struggle break even.

Absolutely. In fairness even back at the Ricoh on a deal which saw (say) a low rent and a decent share of the income for the whole site we'll struggle - OSB's excellent analysis elsewhere* suggested that if you completely merged ACL and CCFC the whole thing would still likely run at a loss.

Regardless of owners we are in a place where we can't afford big wages anymore, at least without big crowds (imho). So, do you speculate to accumulate, or do you just settle for that and hope to build slowly and steadily?

*Edit: Assuming that I read it right, I'm sure OSB will correct me if required. (oo-eer missus).

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