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Post by LetchworthShrew on Dec 11, 2018 15:43:42 GMT 1
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Post by northwestman on Dec 11, 2018 19:03:21 GMT 1
Ex owner Stewart Day is stepping down 'to spend more time with my family'.
Now where have I heard that one before?
Bury fans are wondering what's happened to all the debt and the 5 mortgages on the ground.
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Post by LetchworthShrew on Dec 11, 2018 19:15:52 GMT 1
Ex owner Stewart Day is stepping down 'to spend more time with my family'. Now where have I heard that one before? Bury fans are wondering what's happened to all the debt and the 5 mortgages on the ground. I thought you would enjoy this  |
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Post by northwestman on Dec 11, 2018 20:02:49 GMT 1
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Post by staffordshrew on Dec 11, 2018 20:14:36 GMT 1
News like this always reminds me that we are lucky to have Roland.
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Deleted
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Post by Deleted on Dec 11, 2018 20:16:31 GMT 1
News like this always reminds me that we are lucky to have Roland. But, he's not going to be around for ever and we need to be confident of a succession plan that safeguards the Club. |
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Post by LetchworthShrew on Dec 12, 2018 21:19:46 GMT 1
This is more like it! Number 117 in the court list. (Macclesfield are Number 135!) "Lifted from Rochdale site. add the below to the WUP being heard tomorrow, then things don’t smell right. two plus two could equal 4 but with Day’s creative accounting I doubt it www.justice.gov.uk/courts/court-lists/list-companies-winding-upIf this is the Steve Dale from Wellesley Consulting, the WC website says they are involved in building Schools, Hospitals, Hotels and......wait for it.... Halls of Residence.... obviously the two SDs are mates and have probably co-operated previously. The 64,000 dollar question is this... who owns the ground? If the new SD buys the Club from the old SD for say a quid bearing in mind the debts, and then pays off the people with liens on the ground with maybe a cash and shares deal in a new company intending to build on the space..... Old SD gets new Halls of Residence, new SD gets the building contract, people who own the ground get paid when the Halls are finished and occupied and everyone wins. ....Oh except the Football club and its fans and probably people who are owed money without security". I knew you would sniff something out, when it come to the wheeling n dealing of the bucket shakers you are like a bloodhound!!  |
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Post by northwestman on Dec 12, 2018 21:41:06 GMT 1
Bury have been losing £50k a week and appear to have many County Court judgments arising recently.
They have lost £10.5 million in the last 5 years and have at least 5 mortgages in place on the ground.
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Post by Deleted on Dec 12, 2018 22:43:14 GMT 1
Bury have been losing £50k a week and appear to have many County Court judgments arising recently. They have lost £10.5 million in the last 5 years and have at least 5 mortgages in place on the ground. But they’re probably still paying players as much as we are, a financially sound club living within its means, football everybody. |
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mosers91
Shropshire County League
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Post by mosers91 on Dec 13, 2018 0:02:34 GMT 1
117 on that list but did you notice 135 aswell?
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Post by northwestman on Dec 13, 2018 9:43:19 GMT 1
The new owner is apparently holding a press conference today.
1st question to him must surely be what is being done about the Club's existing debts? How does he intend dealing with the facts that they are losing £50k a week, have numerous Court Orders against them, and 5 mortgages on the ground. Are they perhaps about to go into administration?
I'll keep everyone informed as to what is said.
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Post by northwestman on Dec 13, 2018 9:57:50 GMT 1
The Bury fans seem to be leaving no stone unturned in their search for background facts. The Rolls Royce seen outside the ground which is thought to belong to the new owner is not taxed and has an illegally modified number plate. Although the new owner lives in Prestbury, he is only apparently renting the property, allegedly from one of the Premier League footballers who lives there. This is from the Bury Fans Forum and is in answer to someone who thinks that some of the fans are being unreasonable in their pursuit of facts:- "We are concerned who the new owner is and, given the delay between the announcement and any clear facts being presented, it's understandable people will look in to it. He could have arranged a press conference sooner and this wouldn't have happened. As I've explained before, the car research only happened because people wanted to know who it belonged to because an RR in the car park during rumours of a takeover was interesting. That led to finding the lack of tax and the illegal spacing. That's not our fault that the car was untaxed and using an illegal plate. As for the idea it's a plate from 1901 to 1952... I'd like to think you would credit us with some level of ability to check these things. The facts are (and you can check them here - vehicleenquiry.service.gov.uk/ - because it is public data) the RR's plate is 2 OSD (for the avoidance of doubt that's 2, SPACE, the letters O, S D). 20 SD (for the avoidance of doubt the numbers 2 and 0, SPACE, SD) is a black Mercedes. As for the house - again it's public information who the owner is and it is owned by a person, not a shell company abroad as you suggest. Again, please accept the people looking in to this know what they are doing. Not everyone is 'uneducated'. Nothing that has been said suggests anyone isn't giving him a chance. We all hope he's the real deal, can afford to run the club properly and that his commitment to the community is genuine". |
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Post by northwestman on Dec 14, 2018 11:37:14 GMT 1
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Post by Exkeeper on Dec 14, 2018 12:29:09 GMT 1
Ex owner Stewart Day is stepping down 'to spend more time with my family'. Now where have I heard that one before? Bury fans are wondering what's happened to all the debt and the 5 mortgages on the ground. Are his family in jail? |
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Post by northwestman on Dec 14, 2018 13:06:33 GMT 1
Ex owner Stewart Day is stepping down 'to spend more time with my family'. Now where have I heard that one before? Bury fans are wondering what's happened to all the debt and the 5 mortgages on the ground. Are his family in jail? So far, apart from discovering that the new owner has allegedly put in £1.5 million I cannot find an explanation as to how the existing debts have been dealt with. Mr Day isn't like that ex owner of Bolton Eddie Davies, who cheerfully wrote off £171 million of their debts. Mind you, I see that once again Bolton have been the subject of winding up orders. |
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Post by Chief Inspector Swan on Dec 14, 2018 14:45:56 GMT 1
So far, apart from discovering that the new owner has allegedly put in £1.5 million I cannot find an explanation as to how the existing debts have been dealt with. Mr Day isn't like that ex owner of Bolton Eddie Davies, who cheerfully wrote off £171 million of their debts. Mind you, I see that once again Bolton have been the subject of winding up orders. You remind me of Hugo, one of the eager interns in our forensic financial crime department. |
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Post by Exkeeper on Dec 14, 2018 16:37:35 GMT 1
So far, apart from discovering that the new owner has allegedly put in £1.5 million I cannot find an explanation as to how the existing debts have been dealt with. Mr Day isn't like that ex owner of Bolton Eddie Davies, who cheerfully wrote off £171 million of their debts. Mind you, I see that once again Bolton have been the subject of winding up orders. You remind me of Hugo, one of the eager interns in our forensic financial crime department. Trains for Wales has a Forensic Financial Crimes Department? Perhaps you just need to lower the fares. |
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Post by northwestman on Dec 14, 2018 16:49:18 GMT 1
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Post by razzledazzle on Dec 15, 2018 11:52:06 GMT 1
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Post by northwestman on Dec 15, 2018 12:09:48 GMT 1
Excellent research! Confirms my earlier suspicions about this guy. |
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Post by staffordshrew on Dec 15, 2018 12:16:04 GMT 1
2OSD is now taxed and MOTed until 1 Dec 2019. Presumably on the 1 Dec 2018 the number plate was legal and the car passed it's MOT.
I am beginning to have doubts about our own crime team, Swan seems more interested in investigating murder of the English language than he would be in a human murder.
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Post by northwestman on Dec 15, 2018 12:58:23 GMT 1
2OSD is now taxed and MOTed until 1 Dec 2019. Presumably on the 1 Dec 2018 the number plate was legal and the car passed it's MOT. I am beginning to have doubts about our own crime team, Swan seems more interested in investigating murder of the English language than he would be in a human murder. 20SD is a Mercedes. I don't think the fact as to whether it was taxed or not was ever an issue. 2 OSD is however a Rolls Royce seen and photographed outside Gigg Lane, which even if taxed was still displaying an illegal number plate (20 SD). |
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Post by northwestman on Dec 15, 2018 15:56:14 GMT 1
On 4th November 2011, Steven Dale was appointed as a Director of Building Hire and Leasing Ltd.
On 25th November 2011 the Company's Assets such as plant and machinery, stock, hire fleet and client rental contracts were transferred to Dale Acquisitions Ltd.
On 11th January 2012 Dale resigned from Building Hire and Leasing Ltd.
On 28th July 2015, Building Hire and Leasing Ltd was dissolved. Unsecured creditors who put in claims were owed £2,385,498. Those who failed to claim were owed £724,496. They didn't receive a penny.
Dale Acquisitions Ltd's Accounts and Confirmation Statement are both seriously overdue. It has 3 charges registered against it.
On 5th January 2019, Dale Acqusitions Ltd was wound up by the Courts.
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Post by staffordshrew on Dec 15, 2018 19:40:42 GMT 1
2OSD is now taxed and MOTed until 1 Dec 2019. Presumably on the 1 Dec 2018 the number plate was legal and the car passed it's MOT. I am beginning to have doubts about our own crime team, Swan seems more interested in investigating murder of the English language than he would be in a human murder. 20SD is a Mercedes. I don't think the fact as to whether it was taxed or not was ever an issue. 2 OSD is however a Rolls Royce seen and photographed outside Gigg Lane, which even if taxed was still displaying an illegal number plate (20 SD). That's right, 2OSD, the Rolls Royce, is taxed and MOTed as of 1st Dec, you had reported that fans had said it wasn't taxed and, I understand that to pass the MOT, the number plate shouild have been right, at least on 1st Dec. |
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Post by razzledazzle on Dec 15, 2018 19:46:49 GMT 1
Prior to its compulsory winding up, administrators had been appointed to Building Hire and Leasing Ltd on 29 August 2012. On the Companies House website are two Court Orders dated 14 March 2015, one terminating the administration and one ordering that the company be wound up. To the first of these is appended the final report of the joint administrators, from which the following is a direct quote: "4.1 In accordance with the Company Directors Disqualification Act 1986 I have submitted a report on the conduct of the Directors of the Company to the Department for Business Innovation and Skills. As this is a confidential report, I am not able to disclose the contents. [...] "4.3 My investigations revealed the following issues namely transfer of assets at undervalue, preference payments and trading whilst insolvent." On another of Mr Dale's companies, Roscoe Industries Ltd, the joint compulsory liquidators' final progress report dated 23 March 2017 also makes interesting reading: "2.2 I was advised on my appointment by the Official Receiver that the company may own or have an interest in two office units at 180 West Regent Street, Glasgow. I wrote to the director and asked if this was correct and to advise the nature of the company's interest, what the properties were used for and whether or not they were currently occupied. "2.3 The director responded to advise that the company had been unable to secure funding for the proposed purchase of the properties and the sales therefore did not go ahead. "2.4 I instructed solicitors to undertake Land Registry searches to identify the ownership. The Land Register indicated that Dale Acquisitions Limited, the company's former registered name, was the proprietor of the offices. "2.5 I wrote to the director to advise him of the same. He failed to provide any evidence to suggest that the units were not owned by the company. I sought legal advice on how to deal with these properties in light of the director's comments. My solicitor advised that as the Land Register showed that the properties were owned by the company I was entitled to proceed on that basis." [...] "2.19 On my appointment the petitioning creditor advised me that they were aware that the company had a substantial amount of plant and machinery in 2013. I wrote to the director and asked what the current position was in respect of these assets and if the company still owned them to advise where they were located and provide me with an up to date schedule. Alternatively I asked if the assets were no longer owned by the company for copies of any sale documentation to evidence this. "2.20 The director responded to advise that the company had sold the assets and that the liabilities of the company exceeded the value of these goods. I requested further information and documentation [...] however no response was received. "2.21 The Official Receiver applied for the public examination of the former director of the company on 30 March 2015 as he had failed to co-operate. The former director failed to attend and therefore a warrant for his arrest was issued. The former director attended the Official Receiver's office for an interview however he did not provide any more information in respect of the sale. "2.22 I determined, based on the limited information and documentation I had and the lack of co-operation from the director that it was not economical to pursue this claim any further." Footnote: Dale Acquisitions Ltd (company no 07793260) was formed on 30 September 2011, four days after the purported transfer of assets from Building Hire and Leasing Ltd. It changed its name to Roscoe Industries Ltd on 20 January 2013. The present Dale Acquisitions Ltd, company no. 06758422, changed its name from Roscoe Park Ltd on 16 January 2014. Given recent debacles at other clubs (Blackpool anyone?), all this does make you think, dunnit. One wonders if the EFL "fit and proper" ownership rules have any teeth at all. And yes, I know they claimed to tighten them earlier this year www.skysports.com/football/news/11688/11398842/efl-tighten-ownership-rules-after-agm-ruling (hollow laugh). Us Town supporters don't know how lucky we are....... |
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Post by northwestman on Dec 15, 2018 23:27:57 GMT 1
The unsecured creditors did marginally better when Roscoe Industries Ltd was liquidated.
They were owed £51,756 and got 3.84p in every pound!
Why do these Companies names get changed? Building Hire and Leasing Ltd's name has been changed 4 times, and Dale Acquisitions Ltd has changed its name twice.
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Post by razzledazzle on Dec 15, 2018 23:59:39 GMT 1
Why do these Companies names get changed? Building Hire and Leasing's name has been changed 4 times, and Dale Acquisitions Ltd has changed its name twice. The old three-card trick. "Find the Lady". Sleight of hand. Now you see it, now you don't. Call it what you will. |
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Post by northwestman on Dec 16, 2018 0:04:46 GMT 1
Why do these Companies names get changed? Building Hire and Leasing's name has been changed 4 times, and Dale Acquisitions Ltd has changed its name twice. The old three-card trick. "Find the Lady". Sleight of hand. Now you see it, now you don't. Call it what you will. That would certainly seem to apply to Company assets, which time and again seem to have been transferred elsewhere before liquidation. |
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Post by razzledazzle on Dec 16, 2018 0:19:23 GMT 1
Dale Acquisitions Ltd (company no 07793260) was formed on 30 September 2011, four days after the purported transfer of assets from Building Hire and Leasing Ltd. It changed its name to Roscoe Industries Ltd on 20 January 2013. The present Dale Acquisitions Ltd, company no. 06758422, changed its name from Roscoe Park Ltd on 16 January 2014. The three-card trick caught me out too. Company 06758422 - that's the one that's still extant, although it's years overdue with its statutory accounts and confirmation statements - was formed in 2008 as Dale Acquisitions Ltd; changed its name to Roscoe Park Ltd on 29 September 2011; and changed back to Dale Acquisitions Ltd on 16 January 2014. So it was this company, not company 07793260, to which assets got transferred from Building Hire and Leasing Ltd (another Dale company) in a transaction which BH&L's administrators found, let's say, questionable. That was just four days before the first change of name. See what I mean about Find the Lady? |
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Post by northwestman on Dec 16, 2018 10:30:17 GMT 1
Meanwhile, back on the Bury Fans Forum, none of this seems to have been looked at by anyone.
After their concerns about the number plate on the Rolls Royce, they seem to have lost interest in any further investigation into the background of Dale.
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