I believe there is some truth over the historical debts. Not totally defending the current board, but if you look at the shift in our financial position in the last trading year of the old board, its suggests a fast deteriorating picture. Was the new board made aware of this or should they have picked this up in any due diligence? But might explain why most of the old board were "happy" to hand over the reins and their shares, so I believe.

Quote Tony Fax="Tony Fax"Fev's 2023 accounts now filed, and they lost nearly a million quid and had net liabilities of over £460k, and that includes the ground asset of £1.5 million. Interestingly the company has applied to be struck off. Will investigate further.'" Why do you think the company has "applied" to be struck off - isn't this a compulsory strike-off action which is directly related to the late filing, and it's no coincidence that the accounts and confirmation statement were filed the same day? This doesn't seem that unusual amongst rugby league clubs, for instance Batley appeared to have done it about 10 years in a row. https://find-and-update.company-informa ... ory?page=1

Quote Tony Fax="Tony Fax"Fev's 2023 accounts now filed, and they lost nearly a million quid and had net liabilities of over £460k, and that includes the ground asset of £1.5 million. Interestingly the company has applied to be struck off. Will investigate further.'" Why do you think the company has "applied" to be struck off - isn't this a compulsory strike-off action which is directly related to the late filing, and it's no coincidence that the accounts and confirmation statement were filed the same day? This doesn't seem that unusual amongst rugby league clubs, for instance Batley appeared to have done it about 10 years in a row. https://find-and-update.company-informa ... ory?page=1

Quote The Phantom Horseman="The Phantom Horseman"Why do you think the company has "applied" to be struck off - isn't this a compulsory strike-off action which is directly related to the late filing, and it's no coincidence that the accounts and confirmation statement were filed the same day? This doesn't seem that unusual amongst rugby league clubs, for instance Batley appeared to have done it about 10 years in a row. https://find-and-update.company-informa ... ory?page=1'" Maybe so, Phantom, but it's so shoddy. Isn't it? Can't even file simple stuff on time when they have months to do it. OK, I think the fine is only about 400 quid but what an unnecessary waste of a couple of season ticket sales, eh?

Quote The Phantom Horseman="The Phantom Horseman"Why do you think the company has "applied" to be struck off - isn't this a compulsory strike-off action which is directly related to the late filing, and it's no coincidence that the accounts and confirmation statement were filed the same day? This doesn't seem that unusual amongst rugby league clubs, for instance Batley appeared to have done it about 10 years in a row. https://find-and-update.company-informa ... ory?page=1'" Maybe so, Phantom, but it's so shoddy. Isn't it? Can't even file simple stuff on time when they have months to do it. OK, I think the fine is only about 400 quid but what an unnecessary waste of a couple of season ticket sales, eh?

It takes real effort to fit so much bollox into so few words.....

Not quite sure what that's supposed to mean

I just took it to mean that Mr Dog can't read a balance sheet.