Boston Bee
Well-known member
Annual reports
Edmundo said:
Edmundo, I'm not trying to wind anyone up or cause controvery, just wondering when this interesting document will be available?
Annual reports
- Thread starter Boston Bee
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Edmundo, I'm not trying to wind anyone up or cause controvery, just wondering when this interesting document will be available?
Edmundo
Whinging pom
Annual reports
Not sure. Since the club still have my old address on the register, I am very unlikely to be the first to receive them. It is always possible that the AGM will be held later this year than normal, I suppose - although this would invite a lot of speculation as to why.
OP
OP
Boston Bee
Well-known member
Annual reports
Thanks Ed. Can't believe your cynicism! I'm sure they wouldn't intentionally delay the release of this.
Edmundo
Whinging pom
M
mkbee
Guest
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Thanks for raising this point I've usually had the said reports by now and in fact the meeting is usually in November
Annual reports
mkbee said:Thanks for raising this point I've usually had the said reports by now and in fact the meeting is usually in November
Usually in middle of December I believe. Rumour is that this year it will be on December 31 at 11.45pm in La Manga.
Russell
Active member
Annual reports
abee said:
A kind gentleman awarded me a share in Brentford FC and Griffin Park Satdium Limited. I moved house and wrote to The Secretary of both companies, care of Gary Hargreaves telling him my new address but I haven't received confirmation or anything. Have I followed the proper procedure?
Bucks Bee
No Stranger to Danger!!!
Annual reports
BFC Limited Accounts for year ended 31 May 2002
Turnover £2.791million
Loss after profit on sale of fixed assets and net bank interest £1.177million
Playing, training and ground staff wages £2.041million. (NB note that this figure excludes administration and commercial staff and is presumably the one that Noades says he has now got down to below £1million and is now less than Carlisle's).
Can't see how he can have chopped this number so dramatically but as he never lies to the fans we can have him elaborate at the AGM. You have to wonder how having lost £1.177million for y/e 31 May 2002 and axed more than £1million from the wages of the playing, training and ground staff he is still talking about a loss of between £900,000 and £1million for the current year.
Total net debt of BFC and GPS as at 31 May 2002 is £5,441,615 compared to £547,323 at 31 May 1998 which is about a month or two before Noades and Hargraves took over. Thus some £4.9million of net debt has been run up over the past four years audited accounting periods. The period June 1 2002 to date is probably a wash with the trading losses being balanced by the Darren Powell sale.
Directors emoluments (Gary Hargraves presumably) increased to £63,893 from £54,078 in 2001 and £52,848 in 2000 so no chill wind blowing round the Manging Directors door yet.
Turnover £2.791million
Loss after profit on sale of fixed assets and net bank interest £1.177million
Playing, training and ground staff wages £2.041million. (NB note that this figure excludes administration and commercial staff and is presumably the one that Noades says he has now got down to below £1million and is now less than Carlisle's).
Can't see how he can have chopped this number so dramatically but as he never lies to the fans we can have him elaborate at the AGM. You have to wonder how having lost £1.177million for y/e 31 May 2002 and axed more than £1million from the wages of the playing, training and ground staff he is still talking about a loss of between £900,000 and £1million for the current year.
Total net debt of BFC and GPS as at 31 May 2002 is £5,441,615 compared to £547,323 at 31 May 1998 which is about a month or two before Noades and Hargraves took over. Thus some £4.9million of net debt has been run up over the past four years audited accounting periods. The period June 1 2002 to date is probably a wash with the trading losses being balanced by the Darren Powell sale.
Directors emoluments (Gary Hargraves presumably) increased to £63,893 from £54,078 in 2001 and £52,848 in 2000 so no chill wind blowing round the Manging Directors door yet.
Brickie Chap
Muppet Hunter
Edmundo
Whinging pom
PAZ
Active member
Annual reports
Is that an 18% rise for managing our finances so well? An 18% rise for not jumping ship? Or an 18% rise because he's Ron's mate and there's a baby on the way?
I hasten to add that all of the above are questions, and I am not for a moment asserting that there is any truth behind ANY of them.
I hasten to add that all of the above are questions, and I am not for a moment asserting that there is any truth behind ANY of them.
Annual reports
BFC Accounts Part Deux
Remember this from Noades programme notes :-
(quote) Our bankers have already told me verbally that it (the planning consent) gives them no comfort at all that they will ever be repaid which of course is one of their lending requirements (end quote)
Now we have this from the audited accounts :-
(quote) The directors are of the opinion that, given the grant of the recent planning decision notwithstanding the conditions attached thereto, the value of the freehold property is not less than £7,000,000. (end quote)
The accounts are signed by one R G Noades.
The maximum facility I understand available from Barclays is £4,500,000 against which they have Altonwood deposits for £3,000,000 plus a stadium that is going to be sold sooner (Mr Noades) or later (Bees United and BIAS) and which is currently valued by the directors at £7,000,000.
How much more "comfort" do they need exactly???
Remember this from Noades programme notes :-
(quote) Our bankers have already told me verbally that it (the planning consent) gives them no comfort at all that they will ever be repaid which of course is one of their lending requirements (end quote)
Now we have this from the audited accounts :-
(quote) The directors are of the opinion that, given the grant of the recent planning decision notwithstanding the conditions attached thereto, the value of the freehold property is not less than £7,000,000. (end quote)
The accounts are signed by one R G Noades.
The maximum facility I understand available from Barclays is £4,500,000 against which they have Altonwood deposits for £3,000,000 plus a stadium that is going to be sold sooner (Mr Noades) or later (Bees United and BIAS) and which is currently valued by the directors at £7,000,000.
How much more "comfort" do they need exactly???
8 Bee
Active member
Annual reports
A couple of quotes from the Chairman's Statement.
" we were again disappointed with the number of suporters who travelled to Cardiff but thank those who made the effort"
Our fault again
"we may have to move from Griffin Park before a new site or stadium is secured. I am aware that this prospect will be met with resistance..."
Too bloody right it will.
No mention of Bees United
" we were again disappointed with the number of suporters who travelled to Cardiff but thank those who made the effort"
Our fault again
"we may have to move from Griffin Park before a new site or stadium is secured. I am aware that this prospect will be met with resistance..."
Too bloody right it will.
No mention of Bees United
PAZ
Active member
Annual reports
8 Bee said:
In fairness, that's a lot more thanks than we normally get, even if it is backhanded.
OP
OP
Boston Bee
Well-known member
Annual reports
8 Bee said:
And in fairness II, absolutely everyone and anyone was and should be disappointed that we could only scrounge up 9000 for a playoff final. I still find it hard to believe.
PAZ
Active member
Annual reports
Boston Bee said:
I agree. It was a match that in principal we could very easily have won. When we are talking of filling a 23,000 seater stadium, it is pitiful that we could only get 9,000 to watch Brentford's biggest match in more than 5 years. We can blame Ron's PR all we want, but the bottom line is that it was a cr*p effort and that kind of apathy goes a long way to explaining why we have so few Bees United members.
I bet there are a scary number of people on this site who have not yet given standing orders to Bees United, just as some dared to admit not being at Cardiff.
Hang your heads in shame, as someone recently said about Birmingham fans, it is you that don't deserve success.
Come on guys, unite behind your club and success WILL follow.
Bee H
Brouilly Guzzler
Annual reports
abee said:
Remember when OAP Noades went loopy because someone suggested that he was perhaps a LIAR ?
Edmundo
Whinging pom
Annual reports
Are they concerned about the £1.8m (???) that Brentford FC owes to Griffin Park Stadium Ltd?abee said:
I doubt I'll get my copy for a while - when's the AGM?
Edmundo
Whinging pom
Annual reports
I'll do my best to take a half day. Why are they held at a time that is so inconvenient for the majority of shareholders (not the holders of the majority of shares)?abee said:
Annual reports
Edmundo said:I'll do my best to take a half day. Why are they held at a time that is so inconvenient for the majority of shareholders (not the holders of the majority of shares)?
Remember the good old days when they used to be in Stripes at 8pm followed by a Q&A session with the Chairman and team manager.
M
mkbee
Guest
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Edmundo said:I'll do my best to take a half day. Why are they held at a time that is so inconvenient for the majority of shareholders (not the holders of the majority of shares)?
I think you already know the answer to that question Edmundo!!!
Annual reports
PAZ said:
Damn right! It was a very poor effort. And while I will never want the same outcome, the grief would have been easier to take if it didn't feel like the Waltons extended family that were the only people there.
Our history in cup finals is lamentable, but one of these days!!
Also, the sight of seeing Steve Coppell, Ivar, Evo et al. saying could buy is one that still haunts my dreams.