Re: Bulls Takeover : Sun Nov 03, 2019 9:26 pm  

roofaldo2 wrote:

Well it's being reported in tomorrow's League Express that the club have still not filled it's accounts and another CCJ has been raised against the club.

The fun never stops in the Bradford Bulls off season

...nor updated directors/persons of influence.... So far only means a fine. Think it's 2 months after accounts are due before a WUP is issued.

Re: Bulls Takeover : Sun Nov 03, 2019 9:57 pm  

late can be over 6 months Mr Dog, and if you don't file accounts for a second year the penalty (maximum £1500) is doubled. The Directors are criminally liable for not filing which is a separate issue, and can result in them being fined, and the Registrar can enforce those fines. And the Registrar can strike the company off or dissolve it, but the company can still after that be restored to the Registry if it pays up every penalty. No winding up petition then.

If anybody wants to blow £6 then they can go on the trustonline.org.uk to do a search.

Re: Bulls Takeover : Sun Nov 03, 2019 10:09 pm  

martinwildbull wrote:

late can be over 6 months Mr Dog, and if you don't file accounts for a second year the penalty (maximum £1500) is doubled. The Directors are criminally liable for not filing which is a separate issue, and can result in them being fined, and the Registrar can enforce those fines. And the Registrar can strike the company off or dissolve it, but the company can still after that be restored to the Registry if it pays up every penalty. No winding up petition then.

If anybody wants to blow £6 then they can go on the trustonline.org.uk to do a search.

The 1st notice of strike off comes after 2 months with 2 months grace to comply - Batley seem to have them issued fairly regularly in early Oct with accounts due end of July (currently have one issued on 1st Oct) and also in March for not filing Confirmation Statements that are due in the preceding January. You would think someone there could learn to use a diary to remind them to file!

Re: Bulls Takeover : Sun Nov 03, 2019 10:10 pm  

Bulls4Champs wrote:

Did somebody mention a film star at some point earlier? Either in the media or on here?

Looks like Foggarty is involved.

We understand Foggy (who generally acts as Wood's official 'minder') appears to have replaced Russ McFarlane as the Bull's interim general manager. He was reportedly seen at Odsal last week.

Stuart Duffy is still at the club hanging on like an expensive and wholly ineffective limpet - wonder why ?

Re: Bulls Takeover : Mon Nov 04, 2019 8:03 am  

nestegg wrote:

Stuart Duffy is still at the club hanging on like an expensive and wholly ineffective limpet - wonder why ?

This would suggest that Duffy is leaving but we're still paying him.

Re: Bulls Takeover : Mon Nov 04, 2019 8:39 am  

DrFeelgood wrote:

This would suggest that Duffy is leaving but we're still paying him.

Que? Have we missed something mate. Where is the suggestion that the Duffer is leaving?

We would like to look at his role, and what he offers (if anything) to the club moving forward. But, as things stand (and possibly never!) we are not in control of the ongoing debacle that is the Bulls; now run by the muddled puppet Sawyer, a Charman who can't purportedly afford his airfare from Canada, and the back room alleged puppet master, Nigel. What a shambles.

Realistic rant over. Back to Dr F's main point - why does Duffy stay on despite offering zilch? Ask Nigel.

Re: Bulls Takeover : Mon Nov 04, 2019 9:00 am  

The accounts are now filed on companies house.

Re: Bulls Takeover : Mon Nov 04, 2019 9:24 am  

Bit blurry, but there you go....

Re: Bulls Takeover : Mon Nov 04, 2019 9:34 am  

Well either there are no transactions with related parties whatsoever, or those accounts don't comply with the reporting standards.

Creditors (both due within and after one year) reaching roughly £1.5m. Yikes.

Re: Bulls Takeover : Mon Nov 04, 2019 10:49 am  

Nothus wrote:

Creditors (both due within and after one year) reaching roughly £1.5m. Yikes.

Agree 'Nothus'.

And that is the figure as of January this year, and as far as we are aware suppliers have allegedly not been paid anything substantial post end 1/19. And that accrued debt excludes our £150K plus alleged misappropriated funds bombshell, which will likely be disclosed over the coming weeks.

As Martin Wildbull will probably tell you these abridged figures/ accounts don't in all likelihood tell the whole story. We further fear that sums of cash may well have been taken out of the business. The Bulls is to a certain extent a cash generative business and it's nigh on impossible to trace where all the cash ends up and in who's pockets it may have allegedly been deposited.

Of course we may be 100% mistaken in respect of all of the above and everything to do with the Bulls/BB17 (and the RFL) may be whiter than white both historically and moving forward.