The Silent Majority Posted August 1, 2011 Report Share Posted August 1, 2011 Oh and if I go into overdraft at the bank it's still a debt even if it's authorised. As I said above, the club doesn't have an overdraft. If you are in business, you buy things, you get sent an invoice, you pay the bill. That's normal practice. When you come to do the Report & Accounts, you tally up all the invoices still to be paid at that particular point in time and they go in the accounts as "trade creditors". If you did the accounts 6 months later you'd probably have a similar figure for "trade creditors" but it would be for differebt invoices. That is very, very different from the long term debts and laons the club had before and which you were implying the club still had. As I said, your grasp of simple finances knows no bounds. Quote Link to comment Share on other sites More sharing options...
Gruffalo Posted August 1, 2011 Report Share Posted August 1, 2011 Does anyone know what affiliation the company Douglas Street Limited have to St Mirren The company is listed with companies house as formed in April 2010 with the following as named Directors in December 2010 Laurie Marie Montgomery Scott McLennan Bryan McAusland Allan Marshall George Campbell Stewart Gilmour Richard Atkinson Christopher Stewart Quote Link to comment Share on other sites More sharing options...
St. Sid Posted August 1, 2011 Report Share Posted August 1, 2011 Does anyone know what affiliation the company Douglas Street Limited have to St Mirren The company is listed with companies house as formed in April 2010 with the following as named Directors in December 2010 Laurie Marie Montgomery Scott McLennan Bryan McAusland Allan Marshall George Campbell Stewart Gilmour Richard Atkinson Christopher Stewart Interesting one and no idea...Douglas Street is the one that runs parallel to King Street. There is some land available there for development though. Quote Link to comment Share on other sites More sharing options...
Gruffalo Posted August 1, 2011 Report Share Posted August 1, 2011 Interesting one and no idea...Douglas Street is the one that runs parallel to King Street. There is some land available there for development though. Probably named after its registered office 109 Douglas Street Glasgow more like. The only land that is available in Douglas Street is the old Albany Hotel. Don’t think that’s why they have formed the company unless they are planning on building 2 hotels . Quote Link to comment Share on other sites More sharing options...
billyg Posted August 1, 2011 Report Share Posted August 1, 2011 Does anyone know what affiliation the company Douglas Street Limited have to St Mirren The company is listed with companies house as formed in April 2010 with the following as named Directors in December 2010 Laurie Marie Montgomery Scott McLennan Bryan McAusland Allan Marshall George Campbell Stewart Gilmour Richard Atkinson Christopher Stewart Captain Silent ? I thought you knew everything? Quote Link to comment Share on other sites More sharing options...
Gruffalo Posted August 1, 2011 Report Share Posted August 1, 2011 Captain Silent ? I thought you knew everything? We are not all in the know like your good self. So do you know the answer to my question. Quote Link to comment Share on other sites More sharing options...
Drew Posted August 1, 2011 Report Share Posted August 1, 2011 We are not all in the know like your good self. So do you know the answer to my question. Has to be a case of mistaken identity, surely? Quote Link to comment Share on other sites More sharing options...
scottd Posted August 1, 2011 Report Share Posted August 1, 2011 Probably named after its registered office 109 Douglas Street Glasgow more like. The only land that is available in Douglas Street is the old Albany Hotel. Don't think that's why they have formed the company unless they are planning on building 2 hotels . Maybe building a new church. Quote Link to comment Share on other sites More sharing options...
davidg Posted August 1, 2011 Report Share Posted August 1, 2011 Maybe building a new church. Or a laundrette? Quote Link to comment Share on other sites More sharing options...
Stuart Dickson Posted August 2, 2011 Report Share Posted August 2, 2011 As I said above, the club doesn't have an overdraft. If you are in business, you buy things, you get sent an invoice, you pay the bill. That's normal practice. When you come to do the Report & Accounts, you tally up all the invoices still to be paid at that particular point in time and they go in the accounts as "trade creditors". If you did the accounts 6 months later you'd probably have a similar figure for "trade creditors" but it would be for differebt invoices. That is very, very different from the long term debts and laons the club had before and which you were implying the club still had. As I said, your grasp of simple finances knows no bounds. You claimed the club had no debt. Then you said the club had debts of £200k approx. Now you are saying the club owed trade creditors. It doesn't matter how you put it your initial statement was wrong. The fact is the clubs annual accounts showed the club was in debt. Quote Link to comment Share on other sites More sharing options...
St. Sid Posted August 2, 2011 Report Share Posted August 2, 2011 You claimed the club had no debt. Then you said the club had debts of £200k approx. Now you are saying the club owed trade creditors. It doesn't matter how you put it your initial statement was wrong. The fact is the clubs annual accounts showed the club was in debt. Wish there was a shaking yer heid at somebody getting sucked into a pointless debate emoticon. The middle ground here is that the "debt" revelation previously and bizarrely mooted as kill the CIC point is a complete red herring. Debt - yes...evidence of financial mismanagement by a CIC that doesn't even exist yet - absolutely not.....evidence of financial mismanagement by the current BoD - absolutely not........evidence that the anti_CIC crusade has been a disgrace - yes indeedy. Quote Link to comment Share on other sites More sharing options...
Stuart Dickson Posted August 2, 2011 Report Share Posted August 2, 2011 Wish there was a shaking yer heid at somebody getting sucked into a pointless debate emoticon. The middle ground here is that the "debt" revelation previously and bizarrely mooted as kill the CIC point is a complete red herring. Debt - yes...evidence of financial mismanagement by a CIC that doesn't even exist yet - absolutely not.....evidence of financial mismanagement by the current BoD - absolutely not........evidence that the anti_CIC crusade has been a disgrace - yes indeedy. Aye well I know I was being pedantic but claiming "no debt" or "debt free" when you use credit and HP to pay your bills is a pretty fanciful claim. Quote Link to comment Share on other sites More sharing options...
St. Sid Posted August 2, 2011 Report Share Posted August 2, 2011 Aye well I know I was being pedantic but claiming "no debt" or "debt free" when you use credit and HP to pay your bills is a pretty fanciful claim. Thinking that business would not use purchase order / invoicing systems is a wee bit silly Stu...HP. Quote Link to comment Share on other sites More sharing options...
The Silent Majority Posted August 2, 2011 Report Share Posted August 2, 2011 (edited) You claimed the club had no debt. Then you said the club had debts of £200k approx. Now you are saying the club owed trade creditors. It doesn't matter how you put it your initial statement was wrong. The fact is the clubs annual accounts showed the club was in debt. It DOES matter how I put it. You've been caught talking absolute shite as usual. That is the point. Edited August 2, 2011 by The Silent Majority Quote Link to comment Share on other sites More sharing options...
The Silent Majority Posted August 2, 2011 Report Share Posted August 2, 2011 (edited) Aye well I know I was being pedantic but claiming "no debt" or "debt free" when you use credit and HP to pay your bills is a pretty fanciful claim. ^^^^^ clueless Edited August 2, 2011 by The Silent Majority Quote Link to comment Share on other sites More sharing options...
Stuart Dickson Posted August 2, 2011 Report Share Posted August 2, 2011 It DOES matter how I put it. You've been caught talking absolute shite as usual. That is the point. It was you who said the club was debt free and then in the next post said they had debts of £200k. Like Sid says its a pointless debate but you started it. Quote Link to comment Share on other sites More sharing options...
The Silent Majority Posted August 4, 2011 Report Share Posted August 4, 2011 It was you who said the club was debt free and then in the next post said they had debts of £200k. It was you who said the club had debts of £800k+. It was you who doesn't understand the difference between debt and how the invoice system works. Like Sid says its a pointless debate but you started it. It was you who started it when you claimed the current BoD didn't have a winning strategy. You're now say its pointless because I've shown you were talking utter nonsense yet again. You're noe saying its pointless because I've shown you up for not understanding simple business finances. Every single post you make - now that's pointless. Clueless! Quote Link to comment Share on other sites More sharing options...
Guest somner9 Posted August 4, 2011 Report Share Posted August 4, 2011 It was you who said the club had debts of £800k+. It was you who doesn't understand the difference between debt and how the invoice system works. It was you who started it when you claimed the current BoD didn't have a winning strategy. You're now say its pointless because I've shown you were talking utter nonsense yet again. You're noe saying its pointless because I've shown you up for not understanding simple business finances. Every single post you make - now that's pointless. Clueless! Is there a game show format in all this I ask myself? "Hmm Clueless, Pointless...." Quote Link to comment Share on other sites More sharing options...
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