Trust Discussions

[Burnham Lad]

I know I have no right to comment on this as I opted out at the end of last season, as I could not see how the Club Directors were going to deliver anything other than what has happened so far this season, or worse. But it is sad to see people who love the club arguing about it when there are actually some very important questions about the Club itself. There is some information which is in the public domain but which does not seem to be generally known, and which Slough Fans should debate, as this will have a very important impact on what happens next, so forgive me for making sure you know about it

 

There are now two companies, the original FRUS Limited, which according to its last accounts was very deeply in the red to the tune of approx £650K and Thames Valley Sports and Leisure Ltd, which was offered as the saviour.

 

However, a look at the Companies Register THIS AFTERNOON shows the authorities have made an application to strike the FRUS Limited off the Companies Register and wind it up. This is not surprising since they have published no accounts since 2003. But the other worrying thing is that another check today shows that TVSL Ltd is on the Companies House Register, but has published no accounts since 2005 and is marked " Dormant". Nobody has ever made it plain where the ownership of Slough Town Football Club actually rests at this moment.

 

So I think Slough fans are entitled to ask what the h*ll is going on - who does now actually own the club? What are their intentions for next season? Who is putting up the money at the moment and for how long? What is going to happen to the loans made to Slough Town? Does everybody realise that Martin Deaner is NOT a Director of either company according to the Companies House Registration. What does that mean for the Club? Do the current owners, whoever they are, have any intentions to either run the club next season, wind it up or pass it on to the Trust? The time for answers is NOW, at the end of the season will be too late.

 

Best of Luck in getting any answers, nobody has succeeded in doing so yet!

[epicrebel]

i think you'll find, that the minutes of all the meetings are for viewing to members of the trust, on request.

[Don Juan DeMarcus]

Yes but does it answer any of Andrews questions from above? Id be surprised if it does.

[Staines-upon-Thames Rebel]

Spot on Andrew - Do you or anyone else know how long it would take the autorities to wind FRUS up? - thats assuming they can get hold of the directors, considering it is a long time since Bernard Divine has been at any of the games.

 

I guess there is no point asking Roy as he will come out with his usual blocking answers, and in anycase look at what a f'up he has made this season - only 2 subs today!!! - thought he was the man with all the contacts in the ryman, so why cant we get any players in? - at least he got lots of sponsorship this season - oh no he f'ed that up as well - about time he went!!!!!

[Roger Rebel]

I have it on very good authority that as a company less than three years old, and employing less than 5 people you do not have to publish any accounts for three years.

[Burnham Lad]

Originally Posted By: Roger Rebel

I have it on very good authority that as a company less than three years old, and employing less than 5 people you do not have to publish any accounts for three years.

From the Companies House Website:

"24.1 What is an Accounting Reference Date?

The Accounting Reference Date is the companys financial year-end. It also determines when the accounts are due for delivery to Companies House. ..........................


24.4 How long can I extend my Accounting Reference Period for?

You can extend to a maximum period of 18 months.

e.g.
Previous Period: 30/05/2004
Day after 31/05/2004 (beginning of new period)
Current Period 30/05/2005
Cannot extend 30/05/2005 to a date greater than 30/11/2005

For first accounts you can only extend the period for 18 months from the date of incorporation.

e.g.
Date of Incorporation: 10/09/2004
Period given: 30/09/2005
Cannot extend to a date greater than 09/03/2006"

[Burnham Lad]

Quick Data on Thames Valley Sports and Leisure Limited:

 

Name & Registered Office:

THAMES VALLEY SPORTS & LEISURE LIMITED

21 ST. THOMAS STREET

BRISTOL

BS1 6JS

Company No. 05223594

 

 

Status: Active

Date of Incorporation: 07/09/2004

 

Country of Origin: United Kingdom

 

Company Type: Private Limited Company

Nature of Business (SIC(03)):

9262 - Other sporting activities

 

Accounting Reference Date: 30/06

Last Accounts Made Up To: 30/06/2005 (DORMANT)

Next Accounts Due: 30/04/2007

Last Return Made Up To: 07/09/2006

Next Return Due: 05/10/2007

 

Last Members List: 07/09/2006

 

Directors are Roy Merryweather and Bernard Devine.

 

In answer to SR1's question, the time allowed for striking off the register is three months. if a Company is struck off it must be wound up and all debts etc settled.

 

 

 

 

[Martin]

By saying that the company is dormant they are only saying that there have been "no significant financial transactions" and therefore there is even more limited information that needs to be supplied to Companies House.

[Burnham Lad]

Exactly - so how does running a football club with employees (staff and players), expenses, ground sharing fees, gate money, sponsorship money(?) programmes, Officials Fees, travel and kit expenses etc qualify as "no significant financial transactions", even in STFC's straitened circumstances? The next set of accounts should be interesting.

 

Puzzling...... and do they now "own" the STFC name?