Jump to content


SINCE 1996
Proudly partnered with TheTerraceStore.com

[Archived] Statement of Capital


Recommended Posts

I'd like to direct people's attention to the latest document filed at Companies House in relation to the club.

It is a statement of capital, similar to the one filed by Venky's London Pty Ltd a month earlier (for 39,070,000 British pounds).

The statement of capital states that share capital of 143,988,454 British Pounds has been declared under the club's name and lists all shareholders.

Anyone care to elaborate?

Link to comment
Share on other sites

its just the Annual Return which is submitted each year... the purpose of the AR01 is to show the Director details of the Limited Company along with various information relating to the shares held in the name of the Limited Company.

Does that mean it's a good thing, a bad thing, or a non-event?

Link to comment
Share on other sites

Non event....


It means that Authorised Share Capital has increased but not necessarily Paid Up capital.

"2. Amount paid/unpaid on shares

Shares can be issued without being fully paid up. This may allow the company to call for payment at a later date. Shares can also be issued and considered as paid up without any monetary transaction. "

In other words, they have given themselves the ability to increase share capital - it does not mean that they have backed it up with cold, hard cash.

Link to comment
Share on other sites

In the 2008- 2010 accounts the called up share capital was £ 133,988.454, which was mainly due to the Walkers effectively writing off the debt to them in the form of share capital.

The Venky's were obliged to inject £10,000,000 as part of their offer hence the figure £ 143,988.454.

Doesn't change anything in itself.Just paper.

There's still plenty to worry about.

Link to comment
Share on other sites


This topic is now archived and is closed to further replies.

  • Create New...

Important Information

We have placed cookies on your device to help make this website better. You can adjust your cookie settings, otherwise we'll assume you're okay to continue.