FORUMS > Bradford Bulls > Fans Forum / Financial plight |
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| The Bulls are having a fans forum for season ticket holders on Wednesday night. Seems they're wanting to get some damage limitation in place
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| This Forum called at such short notice suggests that the board are responding to adverse implications relating to the creation of the new company.
They are right to do this so promptly and clear any misgivings.
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| Can we submit questions in advance?
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| I'd imagine you would be able to, however the story on the bulls site stays it's to be an open Q&A session
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| Will some one be posting as the forum unfolds, least they are have a forum to allay and fears or.......confirm them please no.
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| If someone on here decides to go, can you please tell them that the annual return is still overdue? It is now more than 2 months late. If they still plan on trading through OK Bulls Ltd, as RHP has suggested in the t&a today, then they need to get their sh*t together and get it filed.
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| Strange, with a proper financial specialist on the board you'd expect, or at least [iI[/i expected, that sort of thing to be sorted. That said, I've no idea what sort of latitude is allowed with these things, or indeed what is 'normal' business practice etc.
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| Hmmmmmm.
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| Hmmmmmm indeed!
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| Quote: Bulliac "Strange, with a proper financial specialist on the board you'd expect, or at least [iI[/i expected, that sort of thing to be sorted. That said, I've no idea what sort of latitude is allowed with these things, or indeed what is 'normal' business practice etc.'"
The earliest date an Annual Return can only be made up to is, in this case, the anniversary of the date of incorporation (30/8/2012) so that would be 30/8/2013. It should be filed within 28 days of this date(27/9/2013)
After this date the Registrar will ask the company if it is still trading. and ask for a reason for the delay.
There are no financial penalties for non-filing. So it is not such a big deal if the company is in contact with the Registrar over continuity of trading. In my experience up to 3 months latitude can be given.
The pertinent question is - Why has it not been filed? it is certainly not an oversight.
Other than stuff already filed at CoHo it only contains the details of Shareholders and share movement.
Whatever the reason I expect it will be done before the Forum.
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| Many thanks, nephew of Bob..
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| reference the annual return! From information I understand that a newly incorporated company has the leeway to provide the first annual return 21 months after incorporation. From that date the return would be due annually.
So let's those that know get on with it, I suspect that a question will be brought up at the forum though!
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| It is perhaps understandable that the annual accounts would take some time and effort - but an annual return? If just confirms the companies registered address, directors details and ownership of the companies share. Should be a 10 minute job and can be done online .While late filing may not be a big issue tends to attractive negative points on credit scores as sign of poor administration
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| Out of interest - how good are the 'authorities' on updating their websites? It may well a have been done long ago but the intern who has knowledge of all things interwebby hasn't yet caught up?
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| Quote: Bulliac "Out of interest - how good are the 'authorities' on updating their websites? It may well a have been done long ago but the intern who has knowledge of all things interwebby hasn't yet caught up?'"
For my sins I do the annual returns and accounts for a dozen companies and Companies House are pretty efficient and documents usually appear on the register within a few days of submission. So don't think it is a "lost in post" or "lost in system" issue.
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