idanthyrsus

It's very quiet here Perhaps too quiet......

I don't know why the chap had a go at you, seemingly for no apparent reason. Personally I find your posts informative and helpful. You manage to provide factual information without any of the tedious "I know more than you and I'm not telling you everything" attitude which seems oddly prevalent within Speedway circles. What I want from a sporting website is simple: Up to date fixtures, results and statistical stuff. As long as the new website can provide that, I'm happy

Yeah, I've also voluntarily liquidated a company As I said (and you know) it's complicated and information isn't made public

Do you understand the difference between legally defining something and every day usage? Why would I talk about public listed companies when everything was about private limited companies? Or are you just arguing for the sake of it? I guess we are all waiting for your in depth analysis.

Just remind me what the three letter abbreviation of private limited company is? From the link I posted above: "A private limited company is any type of business entity in "private" ownership used in many jurisdictions, in contrast to a publicly listed company, with some differences from country to country" You may be interested in the wikipedia page about public limited companies which starts thus: "A public limited company (legally abbreviated to PLC or plc) is a type of public company under United Kingdom company law, some Commonwealth jurisdictions, and the Republic of Ireland. It is a limited liability company whose shares may be freely sold and traded to the public (although a PLC may also be privately held, often by another PLC), with a minimum share capital of £50,000 and usually with the letters PLC after its name." Note the use of the word "may" and also "a PLC may also be privately held".

Which is what both the companies in question are?

It is a private limited company. Feel free to browse wikipedia. https://en.wikipedia.org/wiki/Private_limited_company

Speaking of misunderstood nonsense. There is no requirement to float the company on stock exchange to own a PLC. I thought the following comments would have been enough to say this wasn't a watertight list of what has actually happened "I'm not an accountant" "My best guess at what these mean - but as per the above warning there are lots of smoke and mirrors about." This is why you hire an accountant to complete these documents for you. In this case a specialist liquidator.

I'm not an accountant. But I have ran my own PLC and been a company director. It looks to me like there was a £100k payment made to the shareholders. Presuambly this was the payment to George English for the takeover. There is a debt outstanding to HMRC for around £158k for Corp Tax and VAT. Without seeing the full accounts it's difficult to work out how this is split and if it's a result of unpaid VAT or unpaid Corp Tax or both. VAT is paid quarterly and the VAT man is very insistent that you pay your dues due to changes a few years ago that mean HMRC is not at the front of the queue when a company goes into administration (as various football clubs that have been declared bankrupt due to HMRC requesting a winding up order have found out). The same situation with Corp Tax. Arrangements can be made though It could be that this is the money that was owed to the turnover in the previous working year (which can be at any time), in which case it is understandable that this was due to be paid. There was circa £1.5k in the company account that was transferred to the liquidators and would have then been paid to the shareholders (of which there was one - Rob Grant). Assets and Liabilities are up in the air - anything can be a claimed asset, be it Riders contracts, owed revenue, etc. But this is very subjective, whilst you could claim a tractor is worth £10k, it might be worth £100 at auction. My best guess at what these mean - but as per the above warning there are lots of smoke and mirrors about.

It's interesting that the original company went through a Voluntary Liquidation. Normally you would only do that if there was funds to extract. As ever, the information about these companies stored in companies house are a master of illusion, disinformation and downright lies.... As I can testify, the main issue is that it does list your name and address, which is prime information for fraudsters to make payments on, ahem, your behalf.

Found it - it's called Newcastle Diamonds Ltd, created 20/11/2019. Rob Grant as sole officer. Company No: 12324842

It's the company records for Newspeed 2003 LTD. Given that there are 8 people listed as being involved in the company (7 resigned) with Rob Grant being the sole director left this is the company that was bought from George English for Newcastle Speedway. This has been the subject of a Voluntary Liquidation - which is basically the company ceasing trading and closing down. This process began on 05/11 and completed on 07/12. I am assuming as Newcastle Speedway has continued, there is a new company which has been created. I don't know the name.

Do you mean the bus?

That wasn't Janowski's misfortune. That was a mistake that the rider made. Tragic really

No they won't, they'll argue about anything

Not sure I saw it that way. From what I saw, Janowski went very wide on the 3rd bend. There was no need to as he was miles ahead of Bewley. He went so wide he couldn't turn the bike, so slowed down and then the front wheel bogged down in the mud. Zmarzlik was well ahead and going faster, so Janowski would never have caught up with him. Who knows what riders think when they make that split-second decision though.

Yeah, I guess its why it's called a Team event and not an individual event. The final was all about Janowski, Zmarzlik had looked almost untouchable all weekend, so GB needed to pack out the minor places, which is what we did. To finish first, first you have to finish.

Some of these Poles are angry drunks

I _believe_ that happened from the start. But the announcements throughout the meeting were either non-existent or wrong

State sponsored cheating I'd suggest

Track looks very different to yesterday

Why could Brennan not replace Lambert when he was excluded for two minutes?

Then as the company director of a limited company you will know that the shareholders are responsible for the financial wellbeing of the company. If the company is declared bankrupt it is not as simple as just writing off the debts, a liquidator would become involved freeze all the company assets and then pursue the debts owed to the company. As a company director I am sure you are aware you can't simply pay yourself a huge salary and take the money from the company and get away scott free. You have a personal liability to ensure that the company is not trading illegally and you will be taken to court and, if found guilty, have to pay all those funds back as well as court fees and the like. But being a company directory (like myself) I'm sure you are aware of all this.

Didn't take long did it? I know more than you so ner, ner, ner, ner, ner, nerr. Its tedious frankly

I think he should sack the team manager. That's where the buck stops.