Cash flow

[Houston_Blade]

Sadly I have seen banks hold on to cash and force companies to voluntarily go into administration. I am certainly not suggesting it is happening here and the scene is much calmer than it was during 2009-2015.

It definitely happens, however with a business potentially months from a big windfall it would be counter intuitive to do so in this case!

 

[Snowflake]

It definitely happens, however with a business potentially months from a big windfall it would be counter intuitive to do so in this case!

I agree.
Generally it is not banks that force clubs into admin, but HMRC.

 

[Balham]

I agree.
Generally it is not banks that force clubs into admin, but HMRC.

And that is generally in response to those clubs not paying their PAYE and VAT debts. There has been no suggestion that we are in arrears on either of those.

 

[Sean Thornton]

So what you are suggesting, Donald, is fraudulently generating invoices and allocating them to an incorrect cost line.

Or fraud, as it’s often called.

 

[Sean Thornton]

If that’s happening then rather than just insinuate it’s happening it would be better to have some kind of proof.

If you’re concerned that it’s happening then you should probably call the HMRC and ask them to investigate.

Or call the auditors out.

 

[BobblesBlade]

Glazers and Man Utd spring to mind.

It’s easy for the Prince to pay himself a consultancy fee.

 

[Sean Thornton]

Sadly I have seen banks hold on to cash and force companies to voluntarily go into administration. I am certainly not suggesting it is happening here and the scene is much calmer than it was during 2009-2015.

As you say it was common practice some years ago. Pay in and the overdraft facility is reduced.

Do we have an overdraft ? Previous recent accounts tend to show we keep credit balances. Perhaps Andy can delve into The bank account and tell us.

 

[Sean Thornton]

And that is generally in response to those clubs not paying their PAYE and VAT debts. There has been no suggestion that we are in arrears on either of those.

The EFL would react to that.

 

[Sean Thornton]

Glazers and Man Utd spring to mind.

It’s easy for the Prince to pay himself a consultancy fee.

How’s that work? Where is it in the accounts?

 

[Houston_Blade]

Glazers and Man Utd spring to mind.

It’s easy for the Prince to pay himself a consultancy fee.

He’d have to declare it in the accounts, he hasn’t done in the past, remains to be seen for the most recent year, we’ll know fairly soon if he has.

 

[Sean Thornton]

He’d have to declare it in the accounts, he hasn’t done in the past, remains to be seen for the most recent year, we’ll know fairly soon if he has.

He might have paid Stormy Daniels off as well which is just about as likely.

There are these rules about stuff like that. He’s not going to be able to take a dividend either, before that gets mooted.

 

[BobblesBlade]

How’s that work? Where is it in the accounts?

I was thinking of what he could do if he wanted to move money out.

 

[Sean Thornton]

I was thinking of what he could do if he wanted to move money out.

Steal it?

 

[BobblesBlade]

Steal it?

In a way it is stealing but isn’t that what the Glazers do. I’m sure I read that they pay themselves a massive consultancy fee.

 

[Sean Thornton]

Who supplies the bog roll at Shirecliffe?

Don’t let the fact that the Prince sold that business some time ago stop another shite conspiracy theory.

 

[Sean Thornton]

In a way it is stealing but isn’t that what the Glazers do. I’m sure I read that they pay themselves a massive consultancy fee.

Jesus!

No. They take dividends.

 

[BobblesBlade]

Jesus!

No. They take dividends.

Fair dos.