Venkys London Ltd - (BRFC immediate parent company) accounts year ending 31/3/25

[wilsdenrover]

1 hour ago, Bronzed A Donis said:

Do you suspect they are keeping hold of Brockhall in case of any sale / Admin they have a bargaining chip to squeeze out extra cash of any possible buyer to buy it back?

They could presumably return it to the club or charge a peppercorn rent?  neither happening.

Re the admin element of this.

I’m not sure how they could Rovers into administration whilst simultaneously claiming the holding company is solvent.

If the holding company was the one put into administration the administrators would also then be in control of Rovers + the company which owns the training ground.

I doubt they’d decide the thing to do was to sell them to two separate people. 

 

 

 

 

Edited 4 hours ago by wilsdenrover
Goy my two/to the wrong way round!!

[wilsdenrover]

9 minutes ago, RevidgeBlue said:

Ah ok. I'll bow to your superior knowledge. 🙂

Thought you'd always said previously they had their "investment" in the Club down at £220m.

At £33.5m it's somewhat more attractive especially if Brockhall is included.

Equity (ie turned into shares) £86 million

Debt £134 million

Total £220 million

I presumed the 25% relates just to the debt element but perhaps someone else can confirm??

[Tomphil2]

1 hour ago, wilsdenrover said:

Re the admin element of this.

I’m not sure how they could Rovers into administration whilst simultaneously claiming the holding company is solvent.

If the holding company was the one put into administration the administrators would also then be in control of Rovers + the company which owns the training ground.

I doubt they’d decide the thing to do was to sell them to two separate people. 

 

 

 

 

If they aren't putting money into the holding company and that just exists on debt from some Indian Bank or something it would maybe have to be them that forced the issue ?

But if that debt is secured on a thousand acres of land in Pune or a half a billion pound turnover company that's probably very unlikely.

We better stop dreaming 😞

[Rogerb]

9 hours ago, Herbie6590 said:

2.17% over base on an unsecured overdraft is pretty competitive TBH. 

Is that over base on an Indian base rate or a UK base rate? If overdraft has gone up £8 million and interest gone up over £1 million doesn't look that competitive. That looks like 12.5 per cent to me.

[Tomphil2]

Whatever it is it's now putting debt onto the club not the ownership books.

[wilsdenrover]

45 minutes ago, Rogerb said:

Is that over base on an Indian base rate or a UK base rate? If overdraft has gone up £8 million and interest gone up over £1 million doesn't look that competitive. That looks like 12.5 per cent to me.

UK base rate.

[Herbie6590]

55 minutes ago, Rogerb said:

Is that over base on an Indian base rate or a UK base rate? If overdraft has gone up £8 million and interest gone up over £1 million doesn't look that competitive. That looks like 12.5 per cent to me.

The overdraft figure in the accounts is at a single point in time (the date the accounts closed- 31/3/25) - it doesn’t break down how many days at what ever level of usage.

You could take the interest charge paid from the P&L (c.£2m) , the interest rate charged (say 7% - Base Plus Margin) & calculate the average balance…

So c.£2m paid in interest for the year at say 7% implies a £28.5m average balance through the period for example. 

 

[Rogerb]

12 minutes ago, wilsdenrover said:

UK base rate.

 As per Herbie's post above suggests the overdraft has been considerably higher during the year.

Edited 37 minutes ago by Rogerb

[Herbie6590]

3 minutes ago, Rogerb said:

If it's UK shouldn't be a £1 million increase . As ever figures don't add up.

See above…👆😉

[wilsdenrover]

31 minutes ago, Herbie6590 said:

The overdraft figure in the accounts is at a single point in time (the date the accounts closed- 31/3/25) - it doesn’t break down how many days at what ever level of usage.

You could take the interest charge paid from the P&L (c.£2m) , the interest rate charged (say 7% - Base Plus Margin) & calculate the average balance…

So c.£2m paid in interest for the year at say 7% implies a £28.5m average balance through the period for example. 

 

Would it be cynical to wonder if Venkys London and Rovers have different accounting periods so things like year end overdraft figures can be ‘manipulated’?