Always a Wasp
General Category => Wasps Rugby Discussion => Topic started by: hookender on May 29, 2022, 12:06:50 PM
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https://www.google.co.uk/url?sa=t&rct=j&q=&esrc=s&source=web&cd=&ved=2ahUKEwidi8OsxoT4AhWJTMAKHSxSDG4QFnoECAkQAQ&url=https%3A%2F%2Ffind-and-update.company-information.service.gov.uk%2Fcompany%2F04440684&usg=AOvVaw3m8WLxkXo4NeZiJmeSd2LA
Think some of you probably are aware of this ,but hasn’t been mentioned here or indeed press . Hopefully some paperwork has not arrived ? Seems notice of delay was issued exactly same time last year with no further complication.
(Under filing history)
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Must admit to being concerned about some posts on DW even if from SBT inhabitant.
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I doubt it. Wasps will have spoken to the IR about it. There is probably an underlying reason why. Nothing seems to have spooked the City.
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Whilst not good, it is not uncommon. Is this related to the bonds? If the re-financing hasn't fully been signed and completed, the auditors will either have to place a qualifying notice on the accounts effectively saying the business is insolvent, or wait until the re-financing is in place, and then there is no need to qualify the accounts. Otherwise, it places the directors in the position of trading whilst the business is insolvent.
Frankly, whilst not unusual in the game that is 'professional' sport, securing your present trading on the value of your premises is at best kicking the issue in to the long grass, but most clubs will be doing much the same. It rarely ends well though (ask any Sky Blues fan why they moved out of Highfield Road).