[url=http://www.companieshouse.gov.uk/about/gbhtml/gp5.shtml#ch1Not a good thing.[/url

More importantly, late-filing is very often an indication of financial problems or disagreement with auditors, and most worryingly of whether the company is actually solvent and a going concern. And I speak as one who (amongst many other things) has regularly reviewed company accounts for e.g. deciding what credit and on what terms to advance the company.

That's why its never a good thing to file late, and why I hope (sincerely) there is nothing sinister behind this.

Incidentally, if there is a problem meeting the deadline - e.g. because of some material uncertainty still to be resolved, which is preventing the numbers (or the audit opinion) being finalised, you can apply to Companies House for an extension. Bulls did that a few years back, I guess from reading the accounts because of an issue over how to account for the Odsal Settlement money and the tax consequences. If you do that then you are not overdue.

Must admit (and I speak as a friend of HKR) I'm a bit concerned with what I have been reading on here regarding matters financial. Hopefully more than I need to be.

Correct.

And your last top-four spot was the end !!

Rovers haven't filed on time for 5 years. Since 2004 their total creditors have increased from £258,000 to £2,414,000 with cumulative losses of £1,095,000. When the last set of accounts were published for 2007 which showed a loss of £478k, everyone on here was confident that 2008's figures would be much improved, so don't worry too much.

you lot in Hull can't pass up any opportunity to get one in at each other, can you? Always bemuses me when I see FC having a financial go at HKR, when their being here now depended on a shotgun "merger" and Superleague bail-out, and the good fortune of benefiting from a city which had and sold its own telecoms company. And yes, in the interests of balance, HKR went through administration so they can hardly talk either, although at least they did not have to involve (or worse) other clubs and sorted it the hard way by themselves.

Don't be so precious. FC had some ridiculous good fortune in surviving and even better luck in sharing a top class stadium (at which Rovers were offered the chance to play, BTW, but don't let that stop your rant). I've not said otherwise. You were saying it's a bad sign that Rovers 2008 accounts are late. Just pointing out that this is what they do on a regular basis. Cue the usual suspects declaring how brilliantly Rovers is run in all aspects.

For a club that's filed it's accounts late for five years, we haven't done too bad off of the back of it.

Forums, don't you just love them, 99% of members who are just that, and the other 1% are cabbages.

Give over...you were making mischief and you know it! You would not have quoted numbers otherwise!



Always had a lot of time for both Hull clubs, as old hands on both Hull boards may remember, so I feel quite at ease speaking my mind!

Indeed!



Although I do think that's a tad unfair on cabbages...turnips perhaps...

Near enough

You've sh-1t out though, you're a fully paid up member and a cabbage in one.

I wouldn't be too concerned about accounts for 2008 - if they were that awful, Rovers'd not be trading still. Also the creditors are, to a significant extent, directors, I believe, who'd have little to gain by suddenly calling in the debt. An, ahem, 'unhurried' approach filing accounts has become something of Rovers tradition.
There'll be a loss of a similar size to 2007, according to NH in his programme notes (can't recall which game - I can check if anybody is desperate). The concern is how long the directors will keep underwriting that and what can be done to improve the situation.
I know the glee with which bad news in this area is met, spun or even created in certain quarters, and the subject itself, can be pretty boring, but it is absolutely fundamental. NH has done an excellent job, but he's not a magician. He's talked about this himself (financial issues, not his lack of magical ability) in a recent interview - the infamous 'cabbages' one in fact.
Crossriver mudslinging and sulking about all the advantages they were handed by fate is... well fair enough actually. However it changes nowt - life isn't fair and you just have to play the cards you are dealt. They could have been rather worse lately - at least Rovers have a franchise and a chance to build the club alongside the team.

Your usual measured and well-balanced approach.



Was it 2008 or 2009 he was referring to?

2008, I'd assume. the 2009 accounts won't be filed late for another year yet, will they? You're the accountant!

try telling Vincenzo that..

No, but it's year end next month. Any decent business can forecast its outturn with only 2 months to go.



An interesting accounting point (oxymoron, I know) would be whether Club Rovers 2010 income can be recognised in the 2009 accounts. Should go into the balance sheet as deferred income IMO

Does that make him a cabbage then?

No that acolade goes to fans of clubs who spend as much time as their rivals forum spouting garbage as they do on their own.

Who cares??

Fans of all clubs, then.

so getting back to the original post!!!!!

what happened to the big signings???

How is Enlightened these days?

Dont need any thing big really, finished 4th, bit of tweaking perhaps.
Teams in the bottom 6 who didnt make the playoffs may think different.

yes you do...a new front row.....

Shhh, don't spoil their off season...its the only time they compete with us on an equal level.