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CPFC 2010 Accounts Overdue


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Yellow Card - User has been warned of conduct on the messageboards robdave2k Flag 02 Apr 19 8.49pm

Originally posted by Midlands Eagle

I spot a sense of humour bypass. You wouldn't happen to be a Chartered Accountant by any chance

You’re accusing me of a lack of sense of humour!

Mr Pot meet Mr Kettle

 

Ginger Pubic Wig Flag Wickham de L'Ouest 03 Apr 19 6.28am

Originally posted by Midlands Eagle

it looks like it

I mean can recidivism be held against us and, if so, how?

 


If you want to live in a world full of kindness, respect and love, try to show these qualities.

Midlands Eagle Flag 03 Apr 19 6.57am

Originally posted by Ginger Pubic Wig


I mean can recidivism be held against us and, if so, how?

The fines are comparatively small but if it drags on for long and gets to the stage of Companies House threatening to dissolve the company as it did last year it will damage the club's reputation to manage it's own affairs and people will wonder what is going on behind the scenes

 

bexleydave Flag Barnehurst 03 Apr 19 7.11am

Originally posted by Midlands Eagle

The fines are comparatively small but if it drags on for long and gets to the stage of Companies House threatening to dissolve the company as it did last year it will damage the club's reputation to manage it's own affairs and people will wonder what is going on behind the scenes

I've been wondering that for quite a while

 


Bexley Dave

Can you hear the Brighton sing? I can't hear a ******* thing!

"The most arrogant, obnoxious bunch of deluded little sun tanned, loafer wearing mummy's boys I've ever had the misfortune of having to listen to" (Burnley forum)

Midlands Eagle Flag 04 Apr 19 9.37am

Accounts now lodged so we just have to wait a few more days until they appear on the Companies House file

 

kenbarr Flag Jackson Heights, Queens, New York ... 04 Apr 19 12.03pm

So all this kerfuffle over four days. Really now, can we please just stop and take a breath? Of course, now we will have to pick the filings apart number by number, syllable by syllable and find something else to worry about. This has become beyond boring and I'm unsubscribing. I have far more important things to worry about.

 


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Midlands Eagle Flag 04 Apr 19 1.01pm

Originally posted by kenbarr

So all this kerfuffle over four days. Really now, can we please just stop and take a breath? Of course, now we will have to pick the filings apart number by number, syllable by syllable and find something else to worry about. This has become beyond boring and I'm unsubscribing. I have far more important things to worry about.

The law of the land states that all limited companies must file their annual accounts within nine months of their year end so what you call a kerfuffle is actually an illegal act.

Naturally the accounts will be examined when they are available as most of us are interested in the financial health of the club that we support but please don't feel obliged to read our comments if it bores you

 

bomber81 Flag Essex 04 Apr 19 2.26pm

Originally posted by Midlands Eagle

The law of the land states that all limited companies must file their annual accounts within nine months of their year end so what you call a kerfuffle is actually an illegal act.

The company has until midnight on the deadline day to lodge the accounts at companies house, accounts hand delivered or posted to companies house will then take several days to be shown as received on the website, it will then be several more days before they are available for viewing. It is extremely likely that these accounts were received on 31st March, just to add to that, at no point did the website say that the accounts were overdue.

 

Midlands Eagle Flag 04 Apr 19 2.29pm

Originally posted by bomber81

The company has until midnight on the deadline day to lodge the accounts at companies house, accounts hand delivered or posted to companies house will then take several days to be shown as received on the website, it will then be several more days before they are available for viewing. It is extremely likely that these accounts were received on 31st March, just to add to that, at no point did the website say that the accounts were overdue.


Welcome back to the CPFC Accounts thread for your annual post

 

chris123 Flag hove actually 05 Apr 19 9.56pm

Available now.

 

braunstoneagle Flag the middle of bumf*** nowhere... 06 Apr 19 7.56am

all these clueless numpties on here moaning about why we havnt signed X Y or Z might now understand, and pipe down.

also...all these clueless numpties on here who moan about the owners might now understand why so many people who actually understand football stick up for them, and again hopefully might pipe down.

 


‘Football isn’t instant coffee. You have to work at it. You must grow the bean, grind it.’ Ian Holloway


dreamwaverider Flag London 06 Apr 19 9.00am

Originally posted by braunstoneagle

all these clueless numpties on here moaning about why we havnt signed X Y or Z might now understand, and pipe down.

also...all these clueless numpties on here who moan about the owners might now understand why so many people who actually understand football stick up for them, and again hopefully might pipe down.

What are your findings braunston?

 

braunstoneagle Flag the middle of bumf*** nowhere... 06 Apr 19 9.22am

thread here.

 


‘Football isn’t instant coffee. You have to work at it. You must grow the bean, grind it.’ Ian Holloway


Teebs Flag Eastleigh 06 Apr 19 11.43am

Losses of £33,396,000 and net assets of just £3 million. That's what you get when Sam Allardyce "saves your club

 

Badger11 Flag Beckenham 06 Apr 19 12.32pm

I am hoping the smarter posters on here will dumb it down for the rest of us. It looks to me that our wages and other outgoings are exceeding our income?

Is this before we started off loading players at the start of this season e.g. our current outgoings have reduced?

Assuming I have guessed right then I think we can see a few players leaving in the summer and no big signings?

 


One more point

Yellow Card - User has been warned of conduct on the messageboards Hrolf The Ganger Flag 06 Apr 19 2.45pm

The club obviously needs more income to stay in the Premier League long term.
The new stand will help but owners with deeper pockets might be the only way forward. Selhurst Park needs a complete refit and we cannot become a selling club again and maintain our status.

 

Ginger Pubic Wig Flag Wickham de L'Ouest 07 Apr 19 8.01am

2 concerns in those numbers.

1. such a high proportion of operating expenses (largely player wages) to turnover

2. a stonking great loss

Those accounts look abysmal.

 


If you want to live in a world full of kindness, respect and love, try to show these qualities.

Midlands Eagle Flag 07 Apr 19 8.30am

Originally posted by Ginger Pubic Wig

2. a stonking great loss

Those accounts look abysmal.

Let's not forget either that the accounts reflect a twelve month period that ended nine months ago so we have probably been running at a similar rate of losses since then as the wage bill won't have shrunk much since then.

It wouldn't surprise me to see either one or both of our valuable assets being sold this summer in order to balance the books

Edited by Midlands Eagle (07 Apr 2019 8.30am)

 

Badger11 Flag Beckenham 07 Apr 19 8.43am

Originally posted by Midlands Eagle

Let's not forget either that the accounts reflect a twelve month period that ended nine months ago so we have probably been running at a similar rate of losses since then as the wage bill won't have shrunk much since then.

It wouldn't surprise me to see either one or both of our valuable assets being sold this summer in order to balance the books

Edited by Midlands Eagle (07 Apr 2019 8.30am)

That was my question what is the current rate of losses? I thought we offloaded a load of players hopefully that would have eased the wage bill.

 


One more point

Helmet46 Flag Croydon 07 Apr 19 8.53am

Originally posted by Badger11

That was my question what is the current rate of losses? I thought we offloaded a load of players hopefully that would have eased the wage bill.


From just looking through the thread, even if we had offloaded 4 players on, say, £50k a week post these numbers - at a loss of £750k a week - we will still be bleeding money.
We need to blood a couple more academy products as that could start increasing in value! (Not sure if there are any).
Suspect we may be trading a couple of valuable assets in the summer, sadly. (Needs must. The replacements are where Roy and Dougie are going to earn their money)!!

Edited by Helmet46 (07 Apr 2019 8.55am)

 

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