kentblues
Director⭐
- Joined
- Oct 28, 2009
- Messages
- 9,344
RH and FF will currently be in the accounts at historical value- we all know the value of these assets as development sites, which is what they are, is very significant and on revaluation the accounts would show a significant surplus. I'm not sure there is any value in not accepting this fundamental position.The parent company South Eastern Leisure UK limited has negative net assets according to its last filed accounts. That is its debts are greater than its assets.
I can't believe that people are so accepting of this. We are the laughing stock of the football league and on the brink of going out of business.
Maybe he will find the money and maybe he won't, but in my view we have reached the point where the Trust should actively pursue facilitating a change of ownership as their main objective.
Edit: Additionally in his BBC Essex interview he mentioned
- Parent company asset rich, cash poor, so will be leveraging up his properties again (more debt for Martin Dawn plc).
Last edited: