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Sisu' latest accounts (1 Viewer)

  • Thread starter Corrado
  • Start date Jul 31, 2018
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Corrado

Well-Known Member
  • Jul 31, 2018
  • #1
OP up to £2.86 mill compared to £157K loss last year.

Think they have got maddison sale to help for that!

SISU CAPITAL LIMITED - Filing history (free information from Companies House)
 
Reactions: ccfchoi87

Nick

Administrator
  • Jul 31, 2018
  • #2
Wasn't he sold after those accounts ended?

 
Reactions: Westendlad

Liquid Gold

Well-Known Member
  • Jul 31, 2018
  • #3
 
Reactions: Westendlad

skybluebeduff

Well-Known Member
  • Jul 31, 2018
  • #4
Corrado said:
OP up to £2.86 mill compared to £157K loss last year.

Think they have got maddison sale to help for that!

SISU CAPITAL LIMITED - Filing history (free information from Companies House)
Click to expand...

Made upto March 2018, when did Maddison get sold?
 
S

SkyBlueScottie

Well-Known Member
  • Jul 31, 2018
  • #5
1st Feb, 2016. So would that get reported in 2017 to 2018?
 

shmmeee

Well-Known Member
  • Jul 31, 2018
  • #6
This thread is now for gifs of people who aren't OSB trying to understand this shit.

 
Reactions: SkyblueBazza, Skyblueweeman, Westendlad and 3 others

pusbccfc

Well-Known Member
  • Jul 31, 2018
  • #7
Nick said:
Wasn't he sold after those accounts ended?

Click to expand...

It they made near 3 million in profit before April, just think of the money after.
Play offs, increased shirt sales, increased season ticket sales and the sales of Mcnulty & Maddison.
 

Nick

Administrator
  • Jul 31, 2018
  • #8
pusbccfc said:
It they made near 3 million in profit before April, just think of the money after.
Play offs, increased shirt sales, increased season ticket sales and the sales of Mcnulty & Maddison.
Click to expand...

Yeah, apart from these are SISU's accounts and not CCFC's.
 
Reactions: Sick Boy, Deleted member 5849, Hobo and 5 others

Liquid Gold

Well-Known Member
  • Jul 31, 2018
  • #9
pusbccfc said:
It they made near 3 million in profit before April, just think of the money after.
Play offs, increased shirt sales, increased season ticket sales and the sales of Mcnulty & Maddison.
Click to expand...
THEY DONT TAKE MONEY OUT OF CCFC
 

Skybluefaz

Well-Known Member
  • Jul 31, 2018
  • #10
Nick said:
Yeah, apart from these are SISU's accounts and not CCFC's.
Click to expand...
This will be the main thing people have to realise before getting all angry. I see Gilbert has been sharing it on that Facebook fan page with all the frothers on. That'll be interesting.
 

pusbccfc

Well-Known Member
  • Jul 31, 2018
  • #11
Liquid Gold said:
THEY DONT TAKE MONEY OUT OF CCFC
Click to expand...

I literally didn't even see the title, I thought they were CCFC accounts and not SISU.

My bad.
 
Reactions: Deleted member 5849

Liquid Gold

Well-Known Member
  • Jul 31, 2018
  • #12
pusbccfc said:
I literally didn't even see the title, I thought they were CCFC accounts and not SISU.

My bad.
Click to expand...
fair enough
 

pusbccfc

Well-Known Member
  • Jul 31, 2018
  • #13
Nick said:
Yeah, apart from these are SISU's accounts and not CCFC's.
Click to expand...

Yeah, sorry, thought they were CCFC accounts.

Will have a proper look in a moment.
 

italiahorse

Well-Known Member
  • Jul 31, 2018
  • #14
I guess the only questions CCFC fans want from the accounts is how much SISU are taking out of CCFC (if anything) and whether that is a fair amount for keeping us going.
 
Last edited: Jul 31, 2018

fernandopartridge

Well-Known Member
  • Jul 31, 2018
  • #15
Can we look at these two ways?

Downside: It doesn't look as if there is any genuine need for SISU to walk, one way or another their investments seem to be doing OK?

Upside: There is potentially a upside in that CCFC is potentially a more attractive investment? Who knows though, clutching at straws a bit
 
Reactions: oldskyblue58 and italiahorse

jimmyhillsfanclub

Well-Known Member
  • Jul 31, 2018
  • #16
italiahorse said:
I guess the only questions CCFC fans want from the accounts is how much SISU are taking out of CCFC (if any) and whether that is a fair amount for keeping us going.
Click to expand...


 
Reactions: Westendlad and Esoterica

the rumpo kid

Well-Known Member
  • Jul 31, 2018
  • #17
Do sisu have anything else apart from ccfc ? And what if anything is it ?
 

hill83

Well-Known Member
  • Jul 31, 2018
  • #18
 
Reactions: itsabuzzard, Gint11, wingy and 2 others
E

exhallskyblue

Well-Known Member
  • Jul 31, 2018
  • #19
Nice little 500k+ earner for joy - director pay out
 

Colin Steins Smile

Well-Known Member
  • Jul 31, 2018
  • #20
I would be interested to know if any of the interest charged on loans by SISU to the club was realised?
Previously it has been stated that this has been added to the debt.
 
Reactions: ccfctommy

fernandopartridge

Well-Known Member
  • Jul 31, 2018
  • #21
The accounts state that their income is derived from service charges etc. It doesn't state that they extract any money from any companies as a shareholder.
 
Reactions: oldskyblue58

TheDube

Active Member
  • Jul 31, 2018
  • #22
The worrying thing would be that as they have more owing to debtors than they have owed to them as creditors. And the main assets they have are "investments." As someone said this is SISU and not the club, this will be for their hedgefunding etc.
 

fernandopartridge

Well-Known Member
  • Jul 31, 2018
  • #23
TheDube said:
The worrying thing would be that as they have more owing to debtors than they have owed to them as creditors. And the main assets they have are "investments." As someone said this is SISU and not the club, this will be for their hedgefunding etc.
Click to expand...

In the accounts Debtors means money owed to them not money they owe elsewhere. SISU Capital Ltd only owes £84k due within 12 months, doesn't have any long term debt.

Probably can't read much into CCFC from these really.
 
Reactions: oldskyblue58

better days

Well-Known Member
  • Jul 31, 2018
  • #24
Colin Steins Smile said:
I would be interested to know if any of the interest charged on loans by SISU to the club was realised?
Previously it has been stated that this has been added to the debt.
Click to expand...
That's what OSB has always said
He will be the best one to analyse things
It doesn't matter at our level presently as Robins and his team are being allowed to manage without interference
That should continue while he brings success unless they are incredibly stupid
 
S

SkyBlueScottie

Well-Known Member
  • Jul 31, 2018
  • #25
It states the purpose is to extract value from the Arvo master fund. Arvo, I believe have a charge against Otium and Sky Blues Sports and leisure, does this have an impact on the football club, and could it be related to the jump in profits from 2017?
 

Sbarcher

Well-Known Member
  • Jul 31, 2018
  • #26
Has anything been set aside to cover JR legal costs?
 

Grendel

Well-Known Member
  • Jul 31, 2018
  • #27
TheDube said:
The worrying thing would be that as they have more owing to debtors than they have owed to them as creditors. And the main assets they have are "investments." As someone said this is SISU and not the club, this will be for their hedgefunding etc.
Click to expand...

My oh my
 

Nick

Administrator
  • Jul 31, 2018
  • #28
Interesting Keys is piping up again! Almost as if he doesn't really understand what he is talking about.

 

oldskyblue58

CCFC Finance Director
  • Jul 31, 2018
  • #29
Presently on a well earned and great holiday so going to spend very little time on this until I get back

The report in the CT is wrong and shows they have little understanding of accounts or group accounts. So don't rely on the report

The sisu accounts report their investment activities via the funds they manage it is not a direct link to the Maddison sale. The funds despite what keys and others say are entitled to take profits just as much as they are losses and to draw on it.

The investment in ccfc is very likely to be only a small part of the total investment. So the management charges on the funds could easily relate to other more profitable investments.

There is still no evidence publically available that sisu have drawn anything from the club (other than on part of the monies loaned in 2016 & 2017) We won't have any indication of that until next February probably. These latest sisu do not prove it at all

Which means whatever seppala and Coleman earnt might have nothing to do with investment in ccfc. Or it might be part. Pretty certain it won't be all and doubt it will be most. Seem to remember last year they were expecting a large value sale.

The 5 original funds that invested in ccfc have now been dissolved. Long thought things had been moved and written down.

Right that's my lot I am off to enjoy the rest of my holiday and some great beer & food :happy:
 
Last edited: Jul 31, 2018
Reactions: Esoterica, christonabike, SkyBlueJord and 19 others
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wingy

Well-Known Member
  • Jul 31, 2018
  • #30
hill83 said:
Click to expand...
Ah love a bit of calculus and problem solving .
 
Last edited: Jul 31, 2018
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HerneBayGaz

Well-Known Member
  • Jul 31, 2018
  • #31
Didn't realise her prostitution ring pulled in so much money
 

vow

Well-Known Member
  • Jul 31, 2018
  • #32
Wow, it even got a mention on TV, BBC Midlands news tonight.
 

Nick

Administrator
  • Aug 1, 2018
  • #33


The ARVO fund has, as we all know and have known for years, a debenture out on Coventry City FC. This debenture includes everything from season ticket sales to club website hits, as a way of Sisu clawing back money they claim to have invested in the Sky Blues over the last nearly eleven years.
Click to expand...

It seems that there's a bit of eagerness to mislead people again.....
 
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christonabike

Well-Known Member
  • Aug 1, 2018
  • #34
Thats the rub Nick, state what Sisu have done but they lose all credibility when they print nonsense like this. If they cannot be arsed to research where the money will have come from such as other investments dont bother. Lazy journalism as usual.
We have OSB surely other media outlets have the resources to investigate Sisu`s portfolio or is it just easier to join the band wagon.
 
Reactions: torchomatic, Deleted member 5849, duffer and 1 other person

Nick

Administrator
  • Aug 1, 2018
  • #35
christonabike said:
Thats the rub Nick, state what Sisu have done but they lose all credibility when they print nonsense like this. If they cannot be arsed to research where the money will have come from such as other investments dont bother. Lazy journalism as usual.
We have OSB surely other media outlets have the resources to investigate Sisu`s portfolio or is it just easier to join the band wagon.
Click to expand...

Don't think they are interested in facts, much easier to make a certain view that people want to hear and push that.
 
Reactions: duffer and chiefdave
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