That would depend on the nature of parent & subsidiary businesses. In this case the directors of LBBC as a PLC owe a duty to all shareholders, in...
Phoenixing is the term often used. The liquidators want to make as much money as possible for the least work. If the directors want to carry on in...
Indeed, and the conflicts of interest occasioned by people holding roles on multiple boards Sent from my SM-T575 using Tapatalk
There isn't one. The secured loan is from Grimoldby personally. He is a director of LBBC. Sent from my SM-T575 using Tapatalk
I attach a screenshot from the share offer doc. It contains said projection. Sent from my SM-T575 using Tapatalk [ [IMG]
Indeed. Far from being an arms-length investment, the pub only survives because the Trust injects cash by buying shares. Frankly had I wanted to...
You are very lucky that a charity has decided to prop up your local. Many of us don't share that benefit & are perhaps understandably less...
Since a belated submission to Companies House you aren't apparently entitled to one... Sent from my SM-T575 using Tapatalk
Risks you take personally are your perogative. If you want to gamble on the dogs, fine by me. In business however we take risks alongside steps...
You are confusing being "busy" with profitability. The LBBC operating profit is £8k, on a CAPEX of £1.9mn. That means that it is unable to service...
Yes, it's a debt:equity swap. LBBC is unable to service its debts & the Trust is effectively picking up the tab. I'll leave you to decide if...
Indeed, and were it all to go wrong it could become very awkward for Trustees - many of whom are probably blissfully unaware of their personal...
That's correct Michael. Sent from my SM-T575 using Tapatalk
Perhaps if the L&BRT deigned to enter the 21st Century & livestream the meeting those who could not attend in person might be able to...
Indeed. A museum with demo line at WB, a highly scenic train ride opening up circular & cycling routes in the South. They may eventually be...
Separate names with a comma.
