Jason Stockwood on Radio Humberside Weds evening

Quoted from pen penfras

People at the club. I'm not going to say who I know in the club, because it's not my place to. And the way it's going, they'll all have left soon anyway. Anything that I'm asked not to say, I don't. Anything else I only say to put right the ridiculous statements I see on here. Not that it matters, the lies seem to win every time because they back up the hatred.

It's funny how everybody accuses me of being part of, related to or a friend of the old regime. Yet any facts that I come out with I'm then accused of having no knowledge and making it up (the irony).

So you're saying that a member of staff at the club has been giving you information that isn't in the public domain? (Yes I know that information is published in the balance sheets each year, but no accounts have been produced yet for the FY ending 31/5/21). Good job whoever it is is going.

Also, Cash at Bank or in Hand is an asset but there are also liabilities. In most years current liabilities have outweighed current assets. That £1m (if that figure is correct*) isn't money that 1878 can simply put in their back pocket, or the club will fold. I've got a stack of cash saved, but I've got a whopping credit card bill ready to make a hole in it. I also owe (mortgage) several times what I've got saved. So cash in the bank is a meaningless number taken in isolation.

You've probably only raised the subject to try to confuse people and muddy the waters, because your pal is rightly taking a battering.

* it would be a record breaking number if it is. The highest has been £3/4m. Some years it's as little as £3k. Mostly in the range of £50-£150k.

Quoted from HerveJosse

Historic accounts which are made up to 31 May show that the company usually has a large cash balances that time of year . At 31/5/20 it was£749k . May 21 accounts not filed yet . Eventually we will know what cas funds the new owners inherited

The highest was Fin Year 2020 at £3/4m. Some years it's as little as £3k. Mostly in the range of £50-£150k.

Will the accounts be published for the past year? That was stipulation of being a PLC which we no longer are.

Quoted from Son of Cod

Will the accounts be published for the past year? That was stipulation of being a PLC which we no longer are.

I think they still do need to publish accounts as a private limited company*. I think there's additional bureaucracy around being PLC.

* might be a threshold below which you don't, but I think that's really small companies.

Shareholders (including the Trust) get them anyway, and there's probably plenty of small shareholders who have kept theirs.

Quoted from KingstonMariner

I think they still do need to publish accounts as a private limited company*. I think there's additional bureaucracy around being PLC.

* might be a threshold below which you don't, but I think that's really small companies.

Shareholders (including the Trust) get them anyway, and there's probably plenty of small shareholders who have kept theirs.

I have a small private limited company myself, you do have to publish accounts each year...Companies House with have this detailed..   Anyone can see them..

The accounting requirements for a Ltd company are far less than those of a PLC.

In these new days of transparency though I would like to think we still produce comprehensive accounts for all to see.

Quoted from pen penfras

People at the club. I'm not going to say who I know in the club, because it's not my place to. And the way it's going, they'll all have left soon anyway. Anything that I'm asked not to say, I don't. Anything else I only say to put right the ridiculous statements I see on here. Not that it matters, the lies seem to win every time because they back up the hatred.

It's funny how everybody accuses me of being part of, related to or a friend of the old regime. Yet any facts that I come out with I'm then accused of having no knowledge and making it up (the irony).

Jason said on RH interview that he does not answer or take notice of anonymous questions. I think all on here should do the same about your anonymous informants.

Quoted from pen penfras

It's always dull when somebody posts the truth.

Like when you posted about what a loss nick Dale was haha

Quoted from pen penfras

Have they? The club had the best part of £1 million in the current account when it was handed over. If they've spent all that and their own money, then I can't see value for money.

The current account balance doesn't mean a business is cash rich, the total reserves and cash flow forecast is the most important thing rather than a snapshot in time.

Clearly all that glitters is gold for most on this site