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Rangers are Rocking; Scottys Financial insight inside.


Speirs  

64 members have voted

  1. 1. Was Speirs talking the truth or lying

    • Yes
      54
    • No
      10

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55 minutes ago, Stu101 said:

Be very odd with no external debt.

Be one of those bloggers weirdo bloggers I suspect. We are still waiting for updates on such things as the water being stolen for Ibrox via a secret pipe from a Church, the roof of Ibrox falling down, the four times we were supposed to go into administration last year, and the money laundering scandal involving the Mexican drug cartel money.

 

depends if they owe any money on outstanding xfer fee's or HMRC again 

if no external debt are you saying they have 0.00 liabilities ?

 

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6 minutes ago, euan2020 said:

depends if they owe any money on outstanding xfer fee's or HMRC again 

if no external debt are you saying they have 0.00 liabilities ?

 

https://beta.companieshouse.gov.uk/company/SC437060/filing-history

No external debt that could be called up under a floating charge or standard security (See the Companies House link above which lists no charges granted) So the only way to appoint Administrators would be through the court process for some other debt. Nothing on the current court rolls to suggest any actions have been raised - you can search under the rolls section at https://www.scotcourts.gov.uk/

It will be another rumor from the obsessed ^_^

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3 minutes ago, Stu101 said:

https://beta.companieshouse.gov.uk/company/SC437060/filing-history

No external debt that could be called up under a floating charge or standard security (See the Companies House link above which lists no charges granted) So the only way to appoint Administrators would be through the court process for some other debt. Nothing on the current court rolls to suggest any actions have been raised - you can search under the rolls section at https://www.scotcourts.gov.uk/

It will be another rumor from the obsessed ^_^

You do know you're spoiling the weirdos fun by presenting easily checked facts? 

😁

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15 minutes ago, RenfrewBlue said:

You do know you're spoiling the weirdos fun by presenting easily checked facts? 

😁

Its actually become a bit of a hobby of mine, given that I'm not doing insolvency/administration law at the moment. Keeps the skills up. Plus Tims don't really like facts all that much ^_^ They tend to get upset.

Anyway, I went on a course a few years back on how better to explain the basics of this area of law to school children (as part of a law in schools project). Looking at some of the stuff on this board, I've clearly failed on that count :lol::lol:

 

Edited by Stu101
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Just marking my place in this one.

 

It took ages to find all the hilarious denial posts when thplinth made the first threads many moons ago about Rangers going bust.

 

I have no idea if it's true but be easier to check. smorgasbord

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6 minutes ago, macy37 said:

No relegation though surely as it’s “only” a 15 point deduction. 

Correct. This is where the panty wetters will lose their shit

The ones who were loudest proclaiming they were a new team will be shouting their mouths about how it's a second admin etc

Then we'll have followers of the great unwashed proclaiming this isn't a second admin without them actually stating it's a new club

We need to remain smart in dealing with the shitstorm that could be facing us. Let's remain consistent on both sides

Edited by DoonTheSlope
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52 minutes ago, Stu101 said:

https://beta.companieshouse.gov.uk/company/SC437060/filing-history

No external debt that could be called up under a floating charge or standard security (See the Companies House link above which lists no charges granted) So the only way to appoint Administrators would be through the court process for some other debt. Nothing on the current court rolls to suggest any actions have been raised - you can search under the rolls section at https://www.scotcourts.gov.uk/

It will be another rumor from the obsessed ^_^

A rumour from the obsessed that had you checking Scottish courts but we are obsessed 

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41 minutes ago, Blackpool78 said:

A rumour from the obsessed that had you checking Scottish courts but we are obsessed 

Its my job- I'm probably on both sites 5/6 times a day. And it took me all of three minutes to check and school you lot ^_^

Its not hard.

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1 hour ago, Stu101 said:

https://beta.companieshouse.gov.uk/company/SC437060/filing-history

No external debt that could be called up under a floating charge or standard security (See the Companies House link above which lists no charges granted) So the only way to appoint Administrators would be through the court process for some other debt. Nothing on the current court rolls to suggest any actions have been raised - you can search under the rolls section at https://www.scotcourts.gov.uk/

It will be another rumor from the obsessed ^_^

that information does not consider current liabilities (typically payable within 1 year) - If any business is owed money they can petition for winding up,  especially if they believe business is trading insolvently

https://www.mygov.scot/liquidate-limited-company/

https://www.mygov.scot/creditor-bankruptcy/

https://www.mygov.scot/protect-liquidation/

 

1 hour ago, RenfrewBlue said:

You do know you're spoiling the weirdos fun by presenting easily checked facts? 

😁

yes - easily checked - you need to see their weekly/monthly creditors report - do you have a copy ?  

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Just now, euan2020 said:

that information does not consider current liabilities (typically payable within 1 year) - If any business is owed money they can petition for winding up,  especially if they believe business is trading insolvently

https://www.mygov.scot/liquidate-limited-company/

https://www.mygov.scot/creditor-bankruptcy/

https://www.mygov.scot/protect-liquidation/

But any petition would need to go through the courts (unless it was uncontested)- and would then appear on the rolls. Hence what I was saying above.

And anyway, if Rangers were trading insolvently, the credit agencies would be the first to flag it. And its standard to obtain a credit report for any large transaction.

I do know what I am talking about here.

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10 minutes ago, Stu101 said:

But any petition would need to go through the courts (unless it was uncontested)- and would then appear on the rolls. Hence what I was saying above.

And anyway, if Rangers were trading insolvently, the credit agencies would be the first to flag it. And its standard to obtain a credit report for any large transaction.

I do know what I am talking about here.

 Know what you are talking about like its 2012 :P

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21 minutes ago, Stu101 said:

Dun & Bradstreet (probably the most used independent commercial credit checking agency in the UK) will do you a daily credit report on any UK company https://www.dnb.co.uk/

Sure you already knew that though ;)

they can - but that is not going to tell you anyone's current liabilities, apart from companies who report their month accounts receivable such as mobile phone companies etc, which will then reflect other peoples payables   

 

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21 minutes ago, euan2020 said:

they can - but that is not going to tell you anyone's current liabilities, apart from companies who report their month accounts receivable such as mobile phone companies etc, which will then reflect other peoples payables   

 

Current liabilities are one of the key factor they use for generating each score. Whether they these use an algorithm's to generate this in certain citations, I don't know. 

What I do know its that its the standard industry approach to independently evaluating the credit worthiness of a company.  Try getting money from a lender to buy 3rd party assets without one.  Even if they did lend, it would almost immediately void the banks cover. Never going to happen

But anyway this obviously does touch on the various directors duties to report any unexpected liabilities, in any event.

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37 minutes ago, Stu101 said:

Current liabilities are one of the key factor they use for generating each score. Whether they these use an algorithm's to generate this in certain citations, I don't know. 

What I do know its that its the standard industry approach to independently evaluating the credit worthiness of a company.  Try getting money from a lender to buy 3rd party assets without one.  Even if they did lend, it would almost immediately void the banks cover. Never going to happen

But anyway this obviously does touch on the various directors duties to report any unexpected liabilities, in any event.

Banks lend plenty of money to people who shouldn't be getting loans, so that shows that the process is fallible. Vice versa they don't lend money to people with sound business proposals, and good credit history. 

Technically If Rangers owe me GBP 3,000 I can petition court, to bankrupt them, and then pull in all the other creditors to do the liabilities versus assets analysis  - Due to the aging on Rangers published accounts, personally i would doubt the data on Dun & Bradsheet. Lot of stuff can also get hidden in accounts, of which EBIT's were the example

Standard Industry approach didn't help much with Hearts, Rangers, Dundee, Motherwell  - I think the Banks had a herd effect with the amount of borrowing that they provided, and there was no systematic approach, how they came to that decision. These are the same banks who actually didn't understand all the derivatives that were being created, with the repackaged debt.  Same banks who were allowing people to self certify mortgages with no proof of actual income, so will take it with pinch of salt, any suggestion about their professional competence 

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Sorry about to run into a meeting so I'll need to keep this short.

7 hours ago, euan2020 said:

Banks lend plenty of money to people who shouldn't be getting loans, so that shows that the process is fallible. Vice versa they don't lend money to people with sound business proposals, and good credit history.

We are arnt talking about people. We are talking about companies, with reporting regulations, accounts, etc.

7 hours ago, euan2020 said:

Technically If Rangers owe me GBP 3,000 I can petition court, to bankrupt them, and then pull in all the other creditors to do the liabilities versus assets analysis

Which is exactly my point. If you were to petition the court for your 3K, it would appear on the court rolls - and we would know. I've given you the link sbove to check.

7 hours ago, euan2020 said:

Standard Industry approach didn't help much with Hearts, Rangers, Dundee, Motherwell  - I think the Banks had a herd effect with the amount of borrowing that they provided, and there was no systematic approach, how they came to that decision.

We arent talking about lending or borrowing.from a bank. We talking about one company assessing the credit worthiness of another to carry out a transaction with them.

 

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11 minutes ago, Stu101 said:

Sorry about to run into a meeting so I'll need to keep this short.

We are arnt talking about people. We are talking about companies, with reporting regulations, accounts, etc.

Which is exactly my point. If you were to petition the court for your 3K, it would appear on the court rolls - and we would know. I've given you the link sbove to check.

We arent talking about lending or borrowing.from a bank. We talking about one company assessing the credit worthiness of another to carry out a transaction with them.

 

Cheers. Got it. 🤤🤤🤤🤤🤤

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50 minutes ago, Stu101 said:

Sorry about to run into a meeting so I'll need to keep this short.

We are arnt talking about people. We are talking about companies, with reporting regulations, accounts, etc.

Which is exactly my point. If you were to petition the court for your 3K, it would appear on the court rolls - and we would know. I've given you the link sbove to check.

We arent talking about lending or borrowing.from a bank. We talking about one company assessing the credit worthiness of another to carry out a transaction with them.

 

> I was speaking about companies - I worked in Bank for 11 years - Banks with clients with large lending had an inherent prejudice to lend them more, because already had "invested" - easier to lend more than crash a company 

> Re 3K - My point is not about what has been actioned, but that anyone who is creditor can raise action if owed greater than GBP3K, so why would need visibility on current liabilities

> Not sure about your point, because you discussed getting money from a Lender

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