Accounts

[butt lane vale fan]

Any accountants on here?

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[andy jones]

Pre tax operating profit

Y/E August 2022  £2M

Y/E August 2023  £2.4M

Feel free to correct me if wrong.

[Bimbleabout]

Any accountants on here?

SYNECTICS SOLUTIONS LIMITED filing history - Find and update company information - GOV.UK

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Point being?

[andy jones]

No idea 

[Roy_Of_The_Rovers]

The club currently in debt of around 10 million to Synetics. 

[CAVALIER]

Yep. Look at the debtors . 

[valiant_593]

Their accounts looks strong but a further 2.9m loan taken by vale last year. Where has that gone? (1.7m) the year before as well. Think it’s quite common with ownerships, I know Norman did it as well. Can’t say being 10m I debt to Synetics is ideal though 

[JRC]

9 hours ago, valiant_593 said:

Their accounts looks strong but a further 2.9m loan taken by vale last year. Where has that gone? (1.7m) the year before as well. Think it’s quite common with ownerships, I know Norman did it as well. Can’t say being 10m I debt to Synetics is ideal though 

It's because it's expensive running an unprofitable lower league football team. Sadly for the owners they'll probably not get much of it back, unless they do a Smurthwaite and are ultimately prepared just to close it down and sell the only valuable asset; the land.

[Packmoor_vale]

2 minutes ago, JRC said:

It's because it's expensive running an unprofitable lower league football team. Sadly for the owners they'll probably not get much of it back, unless they do a Smurthwaite and are ultimately prepared just to close it down and sell the only valuable asset; the land.

And she is starting to be accused of cheap options etc
10 million invested in us and the ground(land) in a trust 

Think that says it all about our owners 👍

[Packmoor_vale]

9 hours ago, valiant_593 said:

Their accounts looks strong but a further 2.9m loan taken by vale last year. Where has that gone? (1.7m) the year before as well. Think it’s quite common with ownerships, I know Norman did it as well. Can’t say being 10m I debt to Synetics is ideal though 

Mate how can u put Smurfs name in the same category as Carol and Kev 

Smurf was loaning us our own money was he not? 

[Valiant in Brum]

And she is starting to be accused of cheap options etc
10 million invested in us and the ground(land) in a trust 
Think that says it all about our owners

Some must be investment as we have the sponsorhip.

[JoeB2]

1 hour ago, Packmoor_vale said:

Mate how can u put Smurfs name in the same category as Carol and Kev 

Smurf was loaning us our own money was he not? 

No, he was doing the same as Carol - Director's Loans.

[Packmoor_vale]

Just now, JoeB2 said:

No, he was doing the same as Carol - Director's Loans.

Yeah but where were the directors loans coming from 

I can’t believe I’m having this conversation if I’m honest 

[valiant_593]

1 hour ago, Packmoor_vale said:

Mate how can u put Smurfs name in the same category as Carol and Kev 

Smurf was loaning us our own money was he not? 

I wasn’t comparing them was just saying that is what Norman did (directors loans) as a lot of owners do 

[JoeB2]

8 minutes ago, Packmoor_vale said:

Yeah but where were the directors loans coming from 

I can’t believe I’m having this conversation if I’m honest 

Norman.

I hate Norman too, but he did put money into the club in the form of repayable director's loans for a number of years to the tune of £4m-ish.