Accounts have been published-Bond Group

[BerlinWaller]

https://twitter.com/EyesOTBoard/status/ ... 7k17Q&s=19

[marky No.1]

Bond Group, doesn't look great you can see why they've stopped paying out

[BerlinWaller]

80% of the club valued at over 6mil?

[KenH]

80% of the club valued at over 6mil?

No I don't think so, it's 80% of the NET assets valued at £3.5m based on book values. Open market value could be a lot more or a lot less. The £6m is 80% of the fixed assets, being mostly around £7m on the leasehold property, which is basically the historic cost (less depreciation) of buildings that have been built on the land owned by the Christie Trust, which are highly unlikely to be worth anything like that on an open market basis due to the Trust restrictions as to use etc.

Anyway on further scrutiny, the figures seem wrong anyway, as the figures havn't changed from the previous year, i.e. the exact same £6.1m, £2.5m and £3.5m were used in the previous year accounts as at 31/5/21! and also the same figures in the accounts as at 31/5/19. (Bond didn't bother submitting accounts for year end 31/5/20 which is yet another breach of Company Law!).