| Accounts 09:25 - Apr 26 with 10632 views | BigDaveMyCock |
Those who make us look utterly brilliant down the road have released their accounts for year ending May 16. Another 2.5 million of losses, and a wage bill of 4 million!! Expect new stadium bullsh1t x10 for a while from Kim Il Mong.
Available on Companies House Beta for those who wonder how so much can be wasted on the achievement of absolutely fook all.
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| Accounts on 09:27 - Apr 26 with 6660 views | nordenblue |
Does anyone know their current total loss as it surely must be going up year on year?Unbelievable Jeff..... | | | |
| Accounts on 09:36 - Apr 26 with 6629 views | SuddenLad |
| Accounts on 09:27 - Apr 26 by nordenblue |
Does anyone know their current total loss as it surely must be going up year on year?Unbelievable Jeff..... |
You can add the last 12 months losses to that as well (2016/17). Truly amazing that they are still trading. I'm sure that Company Law forbids a company from trading whilst insolvent. How DO they keep dodging the bullets.?
With relegation an outside possibility (though I hope they gain a point at Southend) there won't be much left at the bottom of the barrel.
Tick, tock...... |  |
| “It is easier to fool people, than to convince them that they have been fooled†|
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| Accounts on 09:50 - Apr 26 with 6593 views | Knowlesy |
Just read Day's opening statement from their recently filed accounts (slow day in work)
This part stands out to me: "From a financial viewpoint, the 2014/2015 season saw our losses peak at £3m. It was important that from this moment we started to work our way down to the break even point and make us more financially sustainable. Our losses in the 2015/2016 season reduced to £2.5m and we continue our efforts to improve our business efficiency and increase our revenues to reduce this further."
How on earth can he try and spin the reduction of losses from £3m to £2.5m in an effort to make that look like 'improvement'. That is a phenominal amount of money and is likely to be the same in 2016/17.
Also, the focus is all on increased revenues and not a reduction of costs. How on earth can they expect to generate an extra £2.5m in revenues at this level per year. Obviously we all know this, but he truly is a ridiculous man. Bury fans should be seriously, seriously worried with that attitude. |  | | |
| Accounts on 10:03 - Apr 26 with 6544 views | RAFCBLUE |
Accounts say:
Cash at bank: £8,490.
Creditors falling due within one year - £4,024,281!
Just a £4m working capital shortall then to take into this season....
If the results go against them on Sunday (which is a long shot with Port Vale and Gillingham below them) and they go down administration might beckon sooner rather than later. |  |
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| Accounts on 10:25 - Apr 26 with 6483 views | dawlishdale |
Last year, I think the balance sheet was propped up by a huge revaluatuion of the Gigg Lane Ground.
This year, it looks like £3 million worth of loans have been converted to share capital in order to keep the balance sheet in credit.
Can't keep fiddling whilst Rome burns Stewie... yer house is in a reet mess. | | | |
| Accounts on 10:56 - Apr 26 with 6402 views | watford_dale |
The accounts have been issued with a going concern warning that they cannot guarantee that they will be operating in 12 months from the date the audit report is signed.
They have improved slightly in that they have a full year of reliable accounting records but they were starting from an extremely low baseline. | | | |
| Accounts on 11:24 - Apr 26 with 6297 views | SuddenLad |
Someone should copy in the Bury Times.
Stewie will have a page to himself when he starts saying how it presents a false picture and tells of the big bright future. | |
| “It is easier to fool people, than to convince them that they have been fooled†|
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| Accounts on 12:01 - Apr 26 with 6173 views | DaleiLama |
| Accounts on 10:25 - Apr 26 by dawlishdale |
Last year, I think the balance sheet was propped up by a huge revaluatuion of the Gigg Lane Ground.
This year, it looks like £3 million worth of loans have been converted to share capital in order to keep the balance sheet in credit.
Can't keep fiddling whilst Rome burns Stewie... yer house is in a reet mess. |
When asked in a radio interview to comment on the accounts, his voice came across a little muffled on air. Recent footage from the interview revealed why.
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| Accounts on 12:14 - Apr 26 with 6119 views | AtThePeake |
It's only a game 😂🺠|  |
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| Accounts on 12:34 - Apr 26 with 6036 views | 1907 |
If 4 million is the wage budget for last season, next years accounts should make hysterical reading! | | | |
| Accounts on 13:01 - Apr 26 with 5911 views | 442Dale |
| Accounts on 12:34 - Apr 26 by 1907 |
If 4 million is the wage budget for last season, next years accounts should make hysterical reading! |
From Nov 2015:
http://m.bbc.co.uk/sport/football/34699925
'"My budget is in the bottom four of this league and that is a fact," Flitcroft told BBC Radio Manchester.'
"It's £100,000 more than it was last season, that's what I've had to spend." |  |
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| Accounts on 13:45 - Apr 26 with 5750 views | 1907 |
| Accounts on 13:01 - Apr 26 by 442Dale |
From Nov 2015:
http://m.bbc.co.uk/sport/football/34699925
'"My budget is in the bottom four of this league and that is a fact," Flitcroft told BBC Radio Manchester.'
"It's £100,000 more than it was last season, that's what I've had to spend." |
Wonder what Burton's budget was? | | | |
| Accounts on 15:18 - Apr 26 with 5535 views | RAFCBLUE |
Mainly because he doesn't entertain the prima donna mentality.
If you work/play for Hill you have a decent chance of a good career.
Hogan is a good example of that. | |
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| Accounts on 15:26 - Apr 26 with 5501 views | D_Alien |
| Accounts on 15:18 - Apr 26 by RAFCBLUE |
Mainly because he doesn't entertain the prima donna mentality.
If you work/play for Hill you have a decent chance of a good career.
Hogan is a good example of that. |
And that's our bottom line
From that simple to explain but hugely difficult to implement premise, flows the product we see on the pitch and the massive improvement to our finances and status |  |
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| Accounts on 15:31 - Apr 26 with 5477 views | 1907 |
That really is fascinating, never would have thought it would be so much for a club like Burton. Surely now the Bury fans are realising that Day is leading the club into the abyss. | | | |
| Accounts on 15:34 - Apr 26 with 5458 views | 442Dale |
| Accounts on 15:26 - Apr 26 by D_Alien |
And that's our bottom line
From that simple to explain but hugely difficult to implement premise, flows the product we see on the pitch and the massive improvement to our finances and status |
And it's why if Hill should ever leave, his former assistant's application, were it to be made, shouldn't be considered. | |
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| Accounts on 17:54 - Apr 26 with 5068 views | ColDale |
| Accounts on 10:56 - Apr 26 by watford_dale |
The accounts have been issued with a going concern warning that they cannot guarantee that they will be operating in 12 months from the date the audit report is signed.
They have improved slightly in that they have a full year of reliable accounting records but they were starting from an extremely low baseline. |
That opening line stands out like a sore thumb. However, the bulk of the attention down the road seems to be on the management of the team rather than the management of the club, pinning all blame there. |  | | |
| Accounts on 18:28 - Apr 26 with 4958 views | dingdangblue |
| Accounts on 17:54 - Apr 26 by ColDale |
That opening line stands out like a sore thumb. However, the bulk of the attention down the road seems to be on the management of the team rather than the management of the club, pinning all blame there. |
Agreed on that one - Flicker is getting all the blame and Day is hardly getting a mention.Yet I bet they are all happy for Clarke to continue the spending next season! The club is a huge model of how NOT to run a poorly supported lower league club. |  |
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| Accounts on 19:53 - Apr 26 with 4778 views | TVOS1907 |
Obsessed. |  |
| When I was your age, I used to enjoy the odd game of tennis. Or was it golf? |
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| Accounts on 21:34 - Apr 26 with 4570 views | nordenblue |
| Accounts on 19:53 - Apr 26 by TVOS1907 |
Obsessed. |
It's only a game..... | | | |
| Accounts on 22:46 - Apr 26 with 4387 views | downunder |
| Accounts on 21:34 - Apr 26 by nordenblue |
It's only a game..... |
For Day, it is only a game. A game of Monopoly. Aim to build houses, take a chance, raid the community chest and avoid going to Jail.
They will probably end up with the Waterworks. [Post edited 27 Apr 2017 2:47]
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| Accounts on 00:21 - Apr 27 with 4278 views | Sandyman |
diddy will be along in a minute to tell us everything is ok, Peel Holdings injecting millions into the club, it's not bury's fault, we're obsessed, and it's only a game. Give the lad another prawn sandwich. |  | | |
| Accounts on 07:36 - Apr 27 with 4110 views | aleanddale |
From beardyman ( Rip )
The photo of stewie laughing ( that's not a concerned man )
And..
This is not debt they are losses.. Losses are different no need to worry 
Unbelievable amount spent just to hang grimly onto our coat tails!! | | | |
| Accounts on 10:13 - Apr 27 with 3942 views | pioneer |
noticeable thing about the reported burton figures is how commercial activities bring in far more than gate receipts and make a. substantial contribution to covering the wage bill. That has to be something we aspire to now the stadium ownership has been resolved. | | | |
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