without going into things too much It appears I have a problem with my ticker. I'm all good, but I've got to be kinder to myself always now.
Good job there is no Takeover excitement for you then. Keep off flight radar, an unknown inbound jet could be curtains for you. Look after yourself.
So it’s 1st June and a lot of people thought today would be the day. There are some twitter rumblings. There was a sky sports post at 23:30 last night about it that was apparently taken down. I still don’t think it will go through but would love it if it did. Let’s get back on takeover talk!
Well I just looked on companies house to see if there was any changes. On pcp capital partners Ltd OC311146 there is legal charge to st James holdings Ltd 06254688 however it’s not showing on st James holdings Ltd? I can’t remember if this was always the case? Or that it’s been taken off at some point?
In addition I cannot see the company accounts recently published for Newcastle United football company Ltd 00031014 had they been filed?
It's never been on there. The legal charge is registered against the loanee (PCP Capital/ Cantervale.)
There is lways a delay between filing and publication. The accounts had to be submitted by a certain date. Companies House upload the data later.
In addition they are late as they should have been filed 31/03/20. Albeit being late isn’t a serious problem unless companies house decide to start striking off a company. Which of course won’t happen.
Looking at the accounts in the media. The accounts where signed off by lee charnley on 2 March 2020. More importantly at that date there are no post balance sheet events mentioned with regards to any takeover. Having said this I don’t know if there would be any legal reason to disclose this in the accounts. Probably not!
https://www.nufc.co.uk/media/51257/newcastle-united-limited-2019-financial-statements.pdf Accounts here if anyone is interested!
Interestingly the creditors came down by 60m approx. Of this figure 33m was the amount paid to repay the loan. This was actually stated in last years accounts so comes as no surprise that it got repaid. Accruals came down by £20m. In the directors report there is reference to the hmrc investigation and that an accrual has been included. The accrual in the accounts is 12.8m so it must be that the liability for the hmrc inv has been significantly reduced from the prior year.
