DRFC Finances

[Pinter777]

Just incase any was interested, purchased the other day legally.

[Pinter777]

http://www.companiesintheuk.co.uk/ltd/patienceform

further info

[Timbo042]

Very interesting reading!! Wonder how next years account will read???

[Pinter777]

Indeed, hopefully it will get better.

[BobG]

Thank you Pinter. Lots of interesting stuff in there. One of the stand out facts for me is that Terry Bramhall didn't contribute a bean in 2011. Indeed, given his assets, even his previous contributions are pretty minuscule.

Cheers

BobG

[Muttley]

Just incase any was interested, purchased the other day legally.

Jenny posted these up a few weeks ago (and of course, being a limited company, Patienceform are legally obliged to publish annual accounts and anyone can buy a copy from Companies House for a quid).

The big question for me remains is who loaned the club an extra £400k+ in that financial year? (and not one of the existing Directors)

[Snods Shinpad 2]

Didn't some bod from Keepmoat (CEO?) bung some money in to fund the Kilgallon deal?

That can't have been cheap.

[Jenny]

David Blunt? He is a director so it couldn't have been him without being disclosed

[Muttley]

David Blunt? He is a director so it couldn't have been him without being disclosed

When was Blunt appointed? Would that make any difference to the need for disclosure? (ie was he appointed after he made the loan?)

Actually, I can't see Blunt's appointment on Companies House - ???

[albie]

David Blunt is not listed as a director on Company Check;
http://companycheck.co.uk/company/03739676

Scroll down to reach the list of current directors, amended after the resignations of Bramhall, Watson and family.

[Jenny]

David Blunt? He is a director so it couldn't have been him without being disclosed

When was Blunt appointed? Would that make any difference to the need for disclosure? (ie was he appointed after he made the loan?)

Actually, I can't see Blunt's appointment on Companies House - ???

He's listed as a director in the latest stats - appointed 24 November 2010. Would have thought that even if he wasn't a director when he loaned the money (if he loaned the money) then it would have to be disclosed given he became a director in the period. I will double check the rules with someone who will know...!

David Blunt does hold a significant amount of shares as at 31/3/2011

[Sheepskin Stu]

David Blunt? He is a director so it couldn't have been him without being disclosed

When was Blunt appointed? Would that make any difference to the need for disclosure? (ie was he appointed after he made the loan?)

Actually, I can't see Blunt's appointment on Companies House - ???

He's listed as a director in the latest stats - appointed 24 November 2010. Would have thought that even if he wasn't a director when he loaned the money (if he loaned the money) then it would have to be disclosed given he became a director in the period. I will double check the rules with someone who will know...!

David Blunt does hold a significant amount of shares as at 31/3/2011

He's also listed on the OS too. (for what it's worth)

[albie]

Which latest stats are you talking about Jenny?

Like Muttley, I looked on Companies House earlier but could see no mention of David Blunt;
http://wck2.companieshouse.gov.uk/12496a3a2579861da425103ae3609620/wcprodorder?ft=1

Shareholder yes, but is he a member of the BoD....???

[VixDRFC]

Didn't some bod from Keepmoat (CEO?) bung some money in to fund the Kilgallon deal?

That can't have been cheap.

It was said at one of the fans forums the board put in an extra £200,000 for Kilgallon's wages - I worked it out (assuming he was on £20K a week) that it was half his Sunderland wages for the time he was with us

[Jenny]

Page 3 of the PDF accounts - he is listed as director and then again in the directors appointments/resignations.

Vix, the accounts disclose transactions with directors, they have put money in during the year but so has someone else who isn't a director by way of a loan and its a significant sum. Its a mystery.

[jonnydog]

Speaking of Financial side (and thus keeping on topic!), I was chatting with Granny JD yesterday (she's 93 bless her)!

... Anyway, she's just bought a new bungalow and when packing her stuff from the old house which she lived in for nearly 60 years, she found a load of old DRFC season tickets, and share in DRFC.

Now, I believe she said this was back 'pre-war', and the share was for 1p (sure it was a single share, though could be wrong). So she asked me to enquire if it's worth owt in this day and age.

Any info' would be appreciated, but I know it's not a lot of info' to go on.