Re: THE REAL PROBLEM AT STAINES

By allen b25/1/2020 16:02Sat Jan 25 16:02:29 2020In response to Re: THE REAL PROBLEM AT STAINES

Views: 3058

First point: taking the last years losses of £187k you mention, there were no changes to equity or injections of further capital, admittedly there was no interest charged on the £3m loan, but this subsidy when added to the operating loss, does not come anywhere remotely near the "literally millions every single year"

Second point: The £3m was due for settlement in December 2020, it is obvious that it would need to be rolled over or refinance in another way by Downing LLP, or an associate company before that date.

Third point: RFL Management has 4 Directors and Companies House lists the Really Fine Leisure Company (RFL) as having significant control, RFL is listed as being in the significant control of Wylva Trading, there is no person or company listed as having significant control of this company, which has 9 active Directors.

Fourth point: Downing PLC has 5 designated partners and all funds have been provided by partners, none by "retail investors, normal working people ploughing there hard earned money...."

I will not comment on your personal insults, please note that my posts have only pointed out the facts and have not included any personal comments.