Argyle financial Report

Maybe I have missed the comments on ATD about Argyle's just released financial report, but the following makes fascinating reading!

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Graham Clarke and John Lloyd seem to have a very different opinion than Nikkk and Posty.
I know who I am inclined to believe.

Nikkk as always, is willing to put money in.



The writing is very clearly on the wall.

Rickler wrote:

Maybe I have missed the comments on ATD about Argyle's just released financial report, but the following makes fascinating reading!

[You must be registered and logged in to see this link.]

Graham Clarke and John Lloyd seem to have a very different opinion than Nikkk and Posty.
I know who I am inclined to believe.

Nikkk as always, is willing to put money in.



The writing is very clearly on the wall.

Perhaps I'm wrong but is this the first time Nikkk has actually chipped in his two penneth worth with regards to the financial state of the club? Nothing to worry about here then - obviously the £1mill shortfall will be taken up by the corporate facilities!! Strange but I think many a normal fan would look at all this and say - the club is a basket case!! 

They can pull the wool over the eyes of bucket rattling Avivas but at last, an increasing number of people can see the probable bigger picture and where the club is headed, ownership wise. Once the reluctant bidder has made his development money, boxed the club in and left it to those who are glaringly obviously 'in' on the future plans, it will be the bitter end for all but the nodding Avivas.
In virtually every comment the   and chums are ruling out the pasb and aft in their blatant personal positioning. It's a done deal, unless the reluctant bidder has another cunning plan, that he hasn't even told them.  

I this Nickkkkkkkkkkkkkkkkkkkkkkk was as big a player as he clearly thinks he is he could have provided  the extra funds to build a bigger stand, instead we get sponsored Aviva buses,Murals, trips for the  Yoof, hundreds of Arse-licking threads on Crappoti carefully crafted by his spin doctor Newell and finally Grotty  stickers defacing the Stadium and the shirts.
 Once/if Brent walks away after he pulls of his master plan the likelihood is that we will have a  Tuppeny millionaire with a massive Ego running the club.
 Outmatched financially and ambitionly,boxed in forever,All the usual suspects given positions of  power  within the club sat in their ivory towers within the top shelf of the micro-stand looking down  at the 4-5,000 adoring Avivas. If this truly is the vision for the future then im done with this Horse-  shit once and for all.
 Wake me up when this nightmare is over.

punchdrunk wrote:

I this Nickkkkkkkkkkkkkkkkkkkkkkk was as big a player as he clearly thinks he is he could have provided  the extra funds to build a bigger stand, instead we get sponsored Aviva buses,Murals, trips for the  Yoof, hundreds of Arse-licking threads on Crappoti carefully crafted by his spin doctor Newell and finally Grotty  stickers defacing the Stadium and the shirts.
 Once/if Brent walks away after he pulls of his master plan the likelihood is that we will have a  Tuppeny millionaire with a massive Ego running the club.
 Outmatched financially and ambitionly,boxed in forever,All the usual suspects given positions of  power  within the club sat in their ivory towers within the top shelf of the micro-stand looking down  at the 4-5,000 adoring Avivas. If this truly is the vision for the future then im done with this Horse-  shit once and for all.
 Wake me up when this nightmare is over.

Might be best to leave you sleeping.

I think it shows what we all knew anyway, that the club has been poorly run under "the saviour".

It also looks like the biggest indication ever that JB's days at Argyle are numbered and he will be passing over the reins to Nikkkkkkkkkkkkkkkkkkkkkkkkkk who is champing at the bit.

Then you have the Leigh Rapson's and Glynn's who have been given money by Nikkkkkkkkkkkkkkkkkkk for one thing or another, in their case sponsorship money for a jolly to Peru, who will gladly line up every Saturday morning to kiss his ring in a special "meet the new saviour" mass.

Nikkkkkkkkkkkkkkkkkkk will then turn water into wine, make corpses rise from the dead, feed five thousand with one pasty and a piece of saffron cake, but unfortunately even he will not be able to cure Hooper of his dogbreath, Newell of his obesity, Webb of his champagne socialist tendencies, Jones of his multiple personality problem or Postey of his slimy penchant for threatening women.

Other than that the accounts look cool to me  

The model that Brent used to buy the club was flawed from its very inception (anybody who follows my work may have heard me mention this fact once or twice before:D ) the idea that Argyle can support day to say running costs, expansion (of team to compete in CCC, pmsl) and debt repayments of several millions would be laughable if it weren't so serious.
 The Brent bum licking over there is getting really sick making now, he is like a new deity, that has bought a few grandstand tickets for his adulation.
As for Nikkk buying the club, I would suggest that you also are not fit for purpose because of the company that you keep, feel free to come over here and discuss if you wish, but you are heading for a backlash, can't you see that?

Over to the financial experts on ATD.

PAFC Accounts.

PS
Sorry, that link doesn't work..... back to the drawing board. I'll try again later!  

I think with all of his "philanthropic" gestures, Nikkk is making Brent look like a tightwad and is undermining him. As Jimmy Boy stumbles from one PAFC disaster to another, Nikkk is throwing money at the fans and winning the popularity contest.

My only issue with Nikkk is his choice of friends; everyone who aligns themselves alongside Newell gets dragged into his cesspit of a mind and his disgraceful behaviour. One day the penny will drop for JB, Nikkk, Webb, Hooper and co and they will realise that their reputations have been damaged by having anything to do with the Duke of Pork.

I've never understood what Nikk is supposed to have done wrong. He is very rich. He is choosing to give money to Plymouth Argyle. I could think of many better places for money to be given (me for example) but that's his choice.

I agree that he is being damned by association.

I'd have no issues with Nikkk owning Argyle if it were him and a proper board of director's.

However what we'll have is Nikkk at the helm and the biggest internet troll, bully, and liar at the table with him.

I wonder who will be the first ATDer to get a banning order through the post?

Although I hope they do a better job of confirming the right address before they send it this time.

My issue is fit and properness in financial services. Look at Company House records and ask yourself why would a man have so many different ways of spelling his first name and surname when registering a company or declaring an interest.

Nik,
Nicholas
Baron
Barron
Nick

All have been used with differing variations. either he is a little thick or he thinks HMRC are thick. Smoke and mirrors, run and hide....you have been warned Argyle fans, you have been warned.

I found this page which details some of the key financial areas-

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- Cash at Bank: £178,831

Taken from the 2012 accounts, the cash at bank represents the bank balance at the end of this period


-Total Current Liabilities: £1,526,463

The sum of Trade Creditors, Bank Overdraft and Miscellaneous Current Liabilities in 2012


-Total Current Assets: £517,728

The sum of Stocks, Trade Debtors, Cash and Miscellaneous Current Assets in 2012


-Net Worth: £-4,446,678 (so does this mean that Argyle have to pay the Trust just undr a million for a 20% stake  )

The net worth or 'book value' is calculated as Shareholders Funds minus Intangible Assets, for the 2012 financial period.

knecht wrote:

I've never understood what Nikk is supposed to have done wrong. He is very rich. He is choosing to give money to Plymouth Argyle. I could think of many better places for money to be given (me for example) but that's his choice.

I agree that he is being damned by association.

It's all about positioning and popularity stakes. He's now stated on the farm that he'd like to  invest in the club if the opportunity came about but Porkie pronounced long ago there would be no walleted directors, so it simply has to be a play for when jimmyb decides to stuff his pockets and run.
Imagine old porkie strutting around the 'finished' HP, lording it over all the poxy little clubs with their shitty little grounds  
It will suit his purpose of self aggrandisement just fine and will leave Argyle as the perpetual big fish in a very small pond.Just like the  himself.

I guess a lot of it would be his association with cnuts like Webb and Newell and knowing they would be ten times worse if he does take control.

I also think he behaves like a spoilt rich kid buying friends.

If I didn't know about the crap Newell and his mates get up to and didn't use internet forums I expect I would be delighted if Nikkkkkkkk bought the club and was going to invest money as a fan.

So our likely future owner Nikkk Nik Nic Nick Nicholas whatever his name is reckons the books which includes Intangible Assets (mostly the value of our playing staff?) worth £3.2m are looking good.  Using wildly inaccurate figures to massage the books was the start of our financial problems last time.

nikks hardly gonna be critical of brent as the clubs major sponsor..............that might alter though if the club continues to flounder.

the figures are staggering really. 20% was never ever worth 400k  

Harvey & river will be sold and this will be the reason to do it

knecht wrote:

I've never understood what Nikk is supposed to have done wrong. He is very rich. He is choosing to give money to Plymouth Argyle. I could think of many better places for money to be given (me for example) but that's his choice.

I agree that he is being damned by association.

I tend to agree with your sentiments there, Knecht. I also have no axe to grind with Nikk other than his association with a complete bunch of cnuts.

You have to give it to the old chap, he hitched his horse to Nikkk's wagon early doors. I'm just waiting for the digs at his last BFF to start in earnest as the new regime starts to make (more) inroads. He'll have to be patient for a while yet though until the Brent project is safely on the road to fruition.

Greenjock wrote:

I guess a lot of it would be his association with cnuts like Webb and Newell and knowing they would be ten times worse if he does take control.

That's pretty much it in a nutshell.

I also agree with Charlie, in that Newell may be thick as the proverbial Pig shit, but he was either tipped off early doors, or actually figured out for himself that Nikkk would have a huge part to play in the future of PAFC. The Porker has therefore positioned himself accordingly.

What astounds me more though, is what a monumentally poor judge of character Nikkk is to surround himself with yokel fucktard wannabes like Newell and to a lesser extent Webb.

Isn't that what I said?  
What I would like to know is are the loans that Brent paid to the club for the first two years shortfall included in the liabilities and if not how much are they?
Openness, transparency and honesty. Lol.

I think we should just cut the playing budget clear the debts and in 5 years be debt free and rebuild from wherever we are in the football chain. 

3.6 Million of sustainable debt! to pay back in 5yrs. Nothing to worry about really, its when it becomes unsustainable we need to worry.

How do we know that it is sustainable debt, debt is just debt.

Iggy wrote:

How do we know that it is sustainable debt, debt is just debt.

Nail on the head Piglet, plenty of debt is sustainable for at least a week or so when you have the thick end of £200k in the bank, trouble is that one apparent positive was a snapshot at the end of a week in which you had two home games, one of which was your demi cup final, Chrissy games too so probably more than the usual level of PotD'ers.

Three things to consider, abbreviated accounts aren't worth the paper they are written on, accountants generally do not understand business, the people running businesses generally know fook all about the relevance of their accounts.

All that could possibly be drawn from these revelations is that you be pretty skint and wouldn't be sucking in air at all without Brent, I say again, why the fook do you hate him so much? No other bugger wants you other than Usury Nikk and I refer to m'learned friend the Red Star's comments regarding the more obvious signs of his slippery feckage, as if the company he kept wouldn't be warning enough.

Mr.Ig makes a decent suggestion, hunker down for the five and then see where you stand, while Jimbob is going forward with the mini stand and the rest of the dev he will keep you ticking while the only real wolf at your door will be the guy with the key. Worst case you would hit the end of that road with another Admin to cut your debts away but as most of that debt would be to Brenty I doubt he will be planning on that scenario so there would be a decent chance of a debt free club with a council owned, and may I suggest, a well sorted 'little' ground in which some dude with a few quid might have a go at the prize.

In the same time frame the mighty ECFC is most likely to be a shiite little club with a half wreck of a ground but you don't really hear us constantly bitching now do you?

Even if you did we wouldn't listen. 
The point is though Tis it could all be done much better than it is under Brent, yes it could be worse but I would feel much happier if I thought that Brent cared about Argyle instead of seeing it as a key to unlock other development, I may be proved wrong in time, somehow I think that I am right.