1878 Partners stake in the club

Quoted from jamesgtfc

They were on DN35 Podcast after the Halifax game. Did you fill the form in beforehand and ask your pressing accounts question?

How can. I ask A a pressing accounts question when they haven’t been issued?

Matt Dean aske they question when will they be available etc back in November after our earlier exchanges on this and the answer was they are finished subject to a couple of queries so two weeks .

Quoted from Knut Anders Fosters Voles

Presumably someone will have written to Companies House every month saying:

‘Dear Mr House,

Yes, we still want the company. Please don’t strike-off it off. We recently acquired the company. There are a lot of shareholders with non-controlling interests and we need to complete the relevant due diligence to ensure the information provided by the previous owners was correct. We will ensure the Statement is filed as soon as possible but, like most companies, we are being impacted by Covid and would appreciate time to allow us to bring the company’s affairs up to date.

Lots of love,

Jase’


There will not have been a fine or penalty.

Similar letter presumambly sent explaining why they were also three months late completing one sheet of paper to notify Debbiies appointment as a director. That covid really makes writing 12 words difficult.

Quoted from HerveJosse

How can. I ask A a pressing accounts question when they haven’t been issued?

Matt Dean aske they question when will they be available etc back in November after our earlier exchanges on this and the answer was they are finished subject to a couple of queries so two weeks .

Legally accounts have to be submitted to Companies House 9 months after the end date for the accounts.

So based on the last accounts being up to May 31st 2020 the accounts for the following financial year are not due to be with Companies House until 28th February 2022.

And that’s if the new owners keep the same accounting year. Quite a few football clubs in recent years have extended their accounting period to the end of June by having a one off 13 month accounting period for a year.

This makes sense as player contracts run until June 30th so it means the accounts are more in line with the true football calendar.

So, GTFC’s accounts aren’t overdue. If they haven’t been submitted to Companies House in the next 5 weeks (or 9 weeks if they extend the financial year) then you have a valid question.

Quoted from HerveJosse

For those who know about these things interesting that they bought just enough to get Mike Parker and the trusts combined holding below 25% which with remaining shares spread across hundreds of small shareholders effectively  gives them total control without making a general offer to all shareholders just picking off the larger ones.
Other shareholders still waiting for the accounts and the engagement with shareholders JS promised would be ready within 2 weeks back in November.
Pile on the red crosses I prefer facts to words

GTFC is now a limited company so the rule with regards anybody acquiring over 30% of the company being required to make an offer for the entire issued shares doesn’t apply. And even if we were still a PLC an EGM can be called and a vote held to agree a shareholder passing the 30% threshold but not having to make an offer for the remaining shares.

Quoted from GollyGTFC

Legally accounts have to be submitted to Companies House 9 months after the end date for the accounts.

So based on the last accounts being up to May 31st 2020 the accounts for the following financial year are not due to be with Companies House until 28th February 2022.

And that’s if the new owners keep the same accounting year. Quite a few football clubs in recent years have extended their accounting period to the end of June by having a one off 13 month accounting period for a year.

This makes sense as player contracts run until June 30th so it means the accounts are more in line with the true football calendar.

So, GTFC’s accounts aren’t overdue. If they haven’t been submitted to Companies House in the next 5 weeks (or 9 weeks if they extend the financial year) then you have a valid question.

I didn’t say the accounts were overdue at Companies House my complaint is that they haven’t been sent to shareholders which was promised would take place back in November and also no indication the shareholder engagement thereon (AGM ) which was similarly promised is happening.
Most companies issue their accounts to shareholders when complete but wait until the last minute to file at Companies House . They are two different issues

Quoted from GollyGTFC

GTFC is now a limited company so the rule with regards anybody acquiring over 30% of the company being required to make an offer for the entire issued shares doesn’t apply. And even if we were still a PLC an EGM can be called and a vote held to agree a shareholder passing the 30% threshold but not having to make an offer for the remaining shares.

And the relevance of that is what?

Quoted from HerveJosse

How can. I ask A a pressing accounts question when they haven’t been issued?

Matt Dean aske they question when will they be available etc back in November after our earlier exchanges on this and the answer was they are finished subject to a couple of queries so two weeks .

Your pressing question is "when are they being released?"

Watch this space, you might get your wish in the coming days...

Quoted from HerveJosse

And the relevance of that is what?

Amongst the jibberish you posted you mentioned a threshold for 1878 having to make a general offer to shareholders. I was merely pointing out you are wrong.

Quoted from GollyGTFC

Amongst the jibberish you posted you mentioned a threshold for 1878 having to make a general offer to shareholders. I was merely pointing out you are wrong.

Try reading what I said instead of assuming iI said something else

Quoted from jamesgtfc

Your pressing question is "when are they being released?"

Watch this space, you might get your wish in the coming days...

So you are a mind reader now.