[SpireiteFitzy]

freelander2, on 06 April 2017 - 10:28 AM, said:

So CFC Football Development School Ltd ceased trading on 31/01/16 and the new company, CFC International Football Academy Ltd didn't trade up to and including 30/06/16, yet this article appeared in Port Vale programme (thanks Keith) dated 02/04/16!

So to all us layman out there, does that mean any money people handed over in that intermittent period was not officially given to the venture but just to Sutcliffe himself? Despite those people been under the impression that it was given to an organisation? And so therefore all that income he didn't have to put in any official accounts, and cannot be traced as to what happened with it?

If that's true then surely that's a criminal offence.

This post has been edited by SpireiteFitzy: 06 April 2017 - 12:12 PM

[60s 70s Spireite]

SpireiteFitzy, on 06 April 2017 - 12:09 PM, said:

So to all us layman out there, does that mean any money people handed over in that intermittent period was not officially given to the venture but just to Sutcliffe himself? Despite those people been under the impression that it was given to an organisation? And so therefore all that income he didn't have to put in any official accounts, and cannot be traced as to what happened with it?

If that's true then surely that's a criminal offence.

Or they did trade, but falsely declared to Companies House that the Company was dormant before 30 June.

[dim view]

60s 70s Spireite, on 06 April 2017 - 12:21 PM, said:

Or they did trade, but falsely declared to Companies House that the Company was dormant before 30 June.

what folks want to know is what we do next.
If a false declaration was made, how is it checked and who is aggrieved?
Can only aggrieved persons go to the police?
Can interested parties such as councillors or our MP take this forrad?

[Dancingwilldoit]

Zorro, on 06 April 2017 - 12:05 PM, said:

And this is what worries me!!
On our way to the meeting we received a tip off that the liquidators had not received any funds from LS and that the meeting may have needed to be cancelled, however when we arrived and after a 15 minute wait, we were called into the meeting. We did ask the question regarding the funding but told that was between the liquidator & LS as payment had now been assured.

I have no idea who provided the security for funding.

Z

Assume its LS then. If he knew them (doesn't he live that way) they might not have expected anybody turning up and when they did they had to act fast. If nobody had turned up they could have just said there was nothing recoverable and wound it up. It doesn't sound as if Booths are going to be working too hard on behalf of the creditors. I wouldn't be surprised if they suddenly run out of funds or it just goes on for years before any final report.

[Guest_freelander2_*]

60s 70s Spireite, on 06 April 2017 - 12:21 PM, said:

Or they did trade, but falsely declared to Companies House that the Company was dormant before 30 June.

What I find odd is the company's net worth for each trading year:

Y/E 30/06/13: -£17,463

Y/E 30/06/14: -£47,563

Y/E 30/06/15: - £77,630

Liquidator's statement of affairs dated 01/03/17, estimated deficiency £249,797. Considering the business supposedly ceased trading on 31/01/16, in the space of 7 months, what the hell happened?

Odd to say the least!

[Wooden Spoon]

dim view, on 06 April 2017 - 12:54 PM, said:

what folks want to know is what we do next.
If a false declaration was made, how is it checked and who is aggrieved?
Can only aggrieved persons go to the police?
Can interested parties such as councillors or our MP take this forrad?

Anyone can report a crime, or suspicion of a crime. You do not have to be the victim.

[Looker-on]

freelander2, on 06 April 2017 - 01:08 PM, said:

What I find odd is the company's net worth for each trading year:

Y/E 30/06/13: -£17,463

Y/E 30/06/14: -£47,563

Y/E 30/06/15: - £77,630

Liquidator's statement of affairs dated 01/03/17, estimated deficiency £249,797. Considering the business supposedly ceased trading on 31/01/16, in the space of 7 months, what the hell happened?

Odd to say the least!

It can only be that the accounts sent to Companies House containing statements re net worth were not accurate? Net worth overestimated to prevent the appearance of trading while insolvent? Or, the deficiency as presented to the liquidators has been inflated by the presence of hefty claims from Sutcliffe himself, and FBT. Removing their claims lops around £130k off the deficiency, bringing it down to around £110k, broadly in line with what might be expected, given the 30k year-on-year increase.

This post has been edited by Looker-on: 06 April 2017 - 01:23 PM

[Guest_freelander2_*]

Looker-on, on 06 April 2017 - 01:22 PM, said:

It can only be that the accounts sent to Companies House containing statements re net worth were not accurate? Net worth overestimated to prevent the appearance of trading while insolvent? Or, the deficiency as presented to the liquidators has been inflated by the presence of hefty claims from Sutcliffe himself, and FBT. Removing their claims lops around £130k off the deficiency, bringing it down to around £110k, broadly in line with what might be expected, given the 30k year-on-year increase.

I've just been reviewing this back:

http://m.cfchistory....Fdennis-bingham

A great comment by Bingham, "We've found the right club to bring it all together".

[SpireiteFitzy]

60s 70s Spireite, on 06 April 2017 - 12:21 PM, said:

Or they did trade, but falsely declared to Companies House that the Company was dormant before 30 June.

If that's the case then surely HMRC would be very interested as they wouldn't have been paying tax in that time period. And they surely have more resources at their disposal to follow up on this.

[Looker-on]

freelander2, on 06 April 2017 - 02:56 PM, said:

I've just been reviewing this back:

http://m.cfchistory....Fdennis-bingham

A great comment by Bingham, "We've found the right club to bring it all together".

He hasn't entirely gone away, has he? When was that video made, by the way? It would perhaps be odd for a non-trading international academy to appoint an international scouting consultant!

[60s 70s Spireite]

SpireiteFitzy, on 06 April 2017 - 02:59 PM, said:

If that's the case then surely HMRC would be very interested as they wouldn't have been paying tax in that time period. And they surely have more resources at their disposal to follow up on this.

True, but making a profit on which to pay tax? You're having a laugh.

[moondog]

I've had a response from AC as his son was believed to be on the dormant/ceased trading company's payroll


"Jordan worked for a year for no pay to get experience. From Aug 16 he was paid via FBT Europe Limited and in January 17 his pay changed and is now paid by FBT International He never kept a copy of his contract. He signed it gave it Liam and that was last he saw of it".

[moondog]

AC has also said he's now officially told the FA that they will not be able to play under our Affiliation number next season, that he says was authorised without his knowledge

[Guest_freelander2_*]

Mark,

Here is your post from yesterday. AC clearly stated that since FBT took over, salary payments to his son have been paid on time:

moondog, on 05 April 2017 - 03:52 PM, said:

He said his son has been paid every month since FBT took over all of the payroll, with payments up to date and tax deducted ok. He said as it had nothing to do with CFC he wasn't bothered and wouldn't be responding to any questions about it at the fans forum.

In this post, he has said that from 16/08/16 his son was paid via FBT Europe:

moondog, on 07 April 2017 - 06:40 AM, said:

"Jordan worked for a year for no pay to get experience. From Aug 16 he was paid via FBT Europe Limited and in January 17 his pay changed and is now paid by FBT International He never kept a copy of his contract. He signed it gave it Liam and that was last he saw of it".

However, as you know, at the fans' forum on 09/11/16, after members of the top table tried to suggest that they were unaware of the outstanding payments to staff & suppliers, it was pointed out to AC that his own son had been telling people that his wages were in arrears, a point AC conceded.

Also, FBT's share acquisition was only announced on 22/09/16, http://www.chesterfi...y-3321943.aspx.


Finally, this is a post by Zorro which quotes an email from a creditor:

Zorro, on 05 April 2017 - 10:36 AM, said:

10/03/2017 - Hi Rob

We have had a debt collection agent trying to collect the money from FBT - they have come back and advised that they were only created in November so don't owe us anything! Liam well and truly duped us!

Regards

It all looks odd, messy and contradictory.

This post has been edited by freelander2: 07 April 2017 - 08:11 AM

[Looker-on]

moondog, on 07 April 2017 - 06:40 AM, said:

"Jordan worked for a year for no pay to get experience..."

Goodness! Another one who worked for no pay! With so many folk working for nothing, you begin to wonder how they managed to work up any sort of debt to HMRC!

[the bard of bozer]

Looker-on, on 07 April 2017 - 08:25 AM, said:

Goodness! Another one who worked for no pay! With so many folk working for nothing, you begin to wonder how they managed to work up any sort of debt to HMRC!

Check Jordan's Facebook profile and see who he states as employer. Mysterious?

[dim view]

freelander2, on 07 April 2017 - 08:10 AM, said:

It all looks odd, messy and contradictory.

The trading report prepared for Ashley by the Auditors nicely summarises the amount of cash that has circulated between CFC and the School during 2016. Ashley has been trading with a dormant company (without his knowledge of course).

[The Earl of Chesterfield]

freelander2, on 07 April 2017 - 08:10 AM, said:

Mark,

Here is your post from yesterday. AC clearly stated that since FBT took over, salary payments to his son have been paid on time:



In this post, he has said that from 16/08/16 his son was paid via FBT Europe:



However, as you know, at the fans' forum on 09/11/16, after members of the top table tried to suggest that they were unaware of the outstanding payments to staff & suppliers, it was pointed out to AC that his own son had been telling people that his wages were in arrears, a point AC conceded.

Also, FBT's share acquisition was only announced on 22/09/16, http://www.chesterfi...y-3321943.aspx.


Finally, this is a post by Zorro which quotes an email from a creditor:



It all looks odd, messy and contradictory.

Unfortunately the words 'odd', 'messy' and 'contradictory' pretty much sum up CFC on every level over the last two or three years...

[Zorro]

Does everyone think we are thick!!!

None of the dates match up, none of the comments or replies match up and even with emails to the liquidators they are not supplying reasonable answers to questions and comments regarding information that has been supplied to them from us.

This will NOT be swept under the carpet and I think now is the time that we introduce a legal team to follow it through with the authorities and governing bodies and I am prepared to throw my pennies into the pot and proceed.

Honesty & transparency??? Someone is having a laugh and people are protecting friends and associates, this is from the bottom to the very top!!!
Wages have been paid from a dormant company, funds must also have gone into a dormant company and assets have been moved from an insolvent company to another company without trace.

Z

[Stockholm Spireite]

dim view, on 07 April 2017 - 01:33 PM, said:

The trading report prepared for Ashley by the Auditors nicely summarises the amount of cash that has circulated between CFC and the School during 2016. Ashley has been trading with a dormant company (without his knowledge of course).

The plot gets thicker and the noose gets tighter...