Pre-Match Thread HMRC v SUFC - FINAL hearing on 1st March. DISMISSED

[amsemp]

Season card renewal letters expected on our doorsteps within the next fortnight!

Business as usual!

£10 off and a signed photo of Ron if you pay in cash by 1st April

 

[brigg blue]

Apparently Ron is planning to rip off his shirt to reveal a MASSIVE sufc crest tattooed on his belly before singing "can you hear the taxman sing?" For exactly 17 minutes.

He'll then say, "I rest my case" before walking out.

 

[defender05]

Whilst I agree that some of their social media posts have been bizarre, I don’t want to see the back of them, and I think you’d be daft to wish this.

They have gone above and beyond their role as a sponsor in the ways they’ve helped out. Obviously, publicly, they matched the Shrimpers Trust loan to the Club (£40k was it?), they also stuck money behind the bar on what was going to be our last ever home match if tomorrow went tits up.

Behind the scenes, £40k (if that figure is right, I can’t remember), is just the tip of the iceberg of money they’ve put into the Club, the help they’ve provided, and the other bits and pieces.

They deserve a lot more respect than what some fans are giving them for a few social media posts…

The problem is until you posted that I had no idea about the money behind the bar and the other money lent to the club is always rumours.

The only thing people not in the know see is the twitter posts like this one and the threat thar was made before.

 

[BoyWonder2]

The problem is until you posted that I had no idea about the money behind the bar and the other money lent to the club is always rumours.

The only thing people not in the know see is the twitter posts like this one and the threat thar was made before.

The money behind the bar came out in the match ratings thread I believe.

I’m certainly not the first, or the only person in here to mention it.

As for the “extra” money. PG or SUFC are hardly likely to advertise this fact.

 

[RHB]

The reality here is that it makes good business sense not to brass off Sponsors that are putting more money in to the Club than they are contracted to do. It also makes sense for the Club, Ron/Tom to defuse this situation very soon as it is a distraction we can well do without. Because both parties are behind the Club wall, it really is none of our business how it gets resolved, as long as it does.

 

[Blue43]

Is that an end to the embargo then???

I wonder if we'll be strengthening the squad in the coming days??

Scunthorpe’s new owner paid off their HMRC debt straight away and the embargo was lifted very shortly after (days)

If the embargo remains for more than a week or so then I’m guessing more money to HMRC could be now outstanding from more recent times, after the historic debt that’s just been paid.

 

[The General]

The biggest worry about the PG saga is the link TL has. Now I'm hoping TL and RM are on the same footing with things but I feel things could get uneasy quite quickly with this "triangle" of affairs. I know last time they posted on FB it was at 1/2am so you can maybe blame alcohol but for this post to come at the end of the working day and a second time around is a bit more of a worry.

 

[defender05]

The money behind the bar came out in the match ratings thread I believe.

I’m certainly not the first, or the only person in here to mention it.

As for the “extra” money. PG or SUFC are hardly likely to advertise this fact.

That's my point, all the fans will see is the twitter posts about not being happy and the threats of removing the name from the kit and legal action etc so you will get loads of 'glad to see the back of them' posts

 

[BoyWonder2]

That's my point, all the fans will see is the twitter posts about not being happy and the threats of removing the name from the kit and legal action etc so you will get loads of 'glad to see the back of them' posts

Then sadly they are incredibly misinformed. You’d think the fact they put in £40k to match the Trust would get them a bit of credit in the bank that would allow them a couple of dodgy social media posts?

 

[kentblues]

The biggest worry about the PG saga is the link TL has. Now I'm hoping TL and RM are on the same footing with things but I feel things could get uneasy quite quickly with this "triangle" of affairs. I know last time they posted on FB it was at 1/2am so you can maybe blame alcohol but for this post to come at the end of the working day and a second time around is a bit more of a worry.

Alcohol was blamed by many but sometimes you have people who would just be best advised to stick well clear of SM where what is said can’t be unsaid…. Very unsuitable media for the more combustible by nature.

They have been a great sponsor- be a shame if these outbursts impacted on that. And at least let the fans enjoy some good news….

 

[kentblues]

Then sadly they are incredibly misinformed. You’d think the fact they put in £40k to match the Trust would get them a bit of credit in the bank that would allow them a couple of dodgy social media posts?

True, very true, but why do they do it- it just doesn’t look good?

 

[BoyWonder2]

True, very true, but why do they do it- it just doesn’t look good?

You’d have to ask them, I’ve no idea. Silly, yes, but they are obviously upset to not be kept in the loop. No idea whether they should be, or they have no right to know, but certainly not a move I’d have taken.

 

[gpd]

Empathetic article in the Daly Mail this evening. Who knows....maybe someone with some serious cash to use to do good to a club and a community may come across it?

https://www.dailymail.co.uk/sport/football/article-11803569/No-Disney-series-no-help-big-clubs-Southend-closer-oblivion-Hollywood.html

 

[Linda Loan Shark]

Our worries are now over. Lets push for promotion

 

[Barry.C]

Dave, Shaun and co are very lovely people. They have worked extremely hard to get to where they are from tough backgrounds in the wonders of Medway towns.
Their backgrounds similar to me and many folks on here no doubt. They also support an awful lot of good causes beyond us

Just like Ron ??

They also may say it as it is on the tin from time to time. Suggest best to Live with it !

Personally I quite like that, I prefer it upfront and I dont mind a bit of emotion. In fact I prefer it, to any hidden Board member or other less charitable sponsors

So I think I can live with the odd public, outburst saying how it is or feels, such as any chance of keeping us informed or paying some of our money back as no doubt previously agreed

 

[in the know]

Good old IR35

Been constantly cautious of IR35 for the last few years with my consultancy contracts. Majority of firms I deal with now only take you under via 'umbrella' companies or as a temp paye employee. Neither of which is financially attractive. I don't want sick pay, holiday pay or employee benefits. I prefer being my own limited company like many colleagues. But it's now become virtually impossible under current tax rules and IR35 regs to benefit from taking the risk and responsibility of being your own boss.
Unless you're an MP and claim for everything normal people cant!
I know how you feel @Barry.C .
Will be closing my limited company and deregistering for vat this year. It's pointless now. There's no incentive to be a small business anymore

 

[The Late One]

He hasn’t brought up Peter Clarke for a while

He cost us a million pound you know

 

[West Stand]

Some on here appear to be assuming that the full £5M bridging finance will be available to the football club. I am not sure this is the case. Firstly, on many bridging loans the lender deducts an arrangement fee and the interest during the loan form the advance. This could be £500K.

There is also the issue of the Marin Dawn companies being subject to their own Winding Up Petitions. My guess is the bridging loan will have to cover this as well. In the las accounts on Companies House £2.4M was owed at the end of 2020. Does any body think that the sum now outstanding is likely to be less? RM cannot allow Martin Dawn Plc to be wound up as it owns a significant shareholding in the football club. It would make Ron's life considerably more difficult if he had to deal with another shareholder in the football as the relocation to FF is an integral part of the development plans.

I do not buy RM's statement that the liability of these companies has been paid to HMRC. If that were the case, the petition would have been dismissed and not adjourned at the last hearing. from the time of the service of the Statutory demand to the first hearing of the petition would have been not significantly less than 10 weeks. In that time it is possible to prove payment, if it has been made. the most likely scenario is that the adjournment was to allow the bridging finance to proceed.

We have debts outside the petition debt. it is anyone's guess what these actually are. I personally cannot see the bridging loan even clearing all the current debts let alone providing funding to the end of the season and beyond.

Under NL rules all payments to HMRC must be up to date to get an embargo lifted. Just paying the petition debt will not be sufficient. In the period since the petition was issued at least 2 quarters VAT will be due and several months PAYE.

A couple have mentioned but pretty also a critical point is that an embargo can be put in place if a club has failed to file returns with HMRC , with Companies House and even with the NL itself.

It’s evident that the returns haven’t been filed on time, AGMs not conducted

My point is that many are expecting the hearing to lead to the embargo being lifted but I won’t be at all surprised if it remains in place

 

[CRATE]

Not trying to be negative here, at all. Just wondering does anyone know if we have paid HMRC up to date including what we owe month to month currently or have just cleared the debt owed towards the time to pay agreement?

 

[Smiffy]

Not trying to be negative here, at all. Just wondering does anyone know if we have paid HMRC up to date including what we owe month to month currently or have just cleared the debt owed towards the time to pay agreement?

Well, if you take the statement as gospel...

"The Club can confirm the monies owed to HMRC, under the Petition, have been paid in full."