Companies House published the long overdue Annual Return for The Rangers Football Club Ltd (previously Sevco Scotland Ltd) today. Although only received by Companies House yesterday (12 Sep 13) it was dated 29th May 2013, however, the submission was incomplete.
A company is required to detail all their shareholders since their previous Annual Return (or as in this instance, since formation). Companies House say the Annual Return must detail “the name of every shareholder (or joint-shareholders) who has ceased to be a shareholder since the made-up date of the previous annual return (or in the case of a first return, since the incorporation of the company)”.
The only shareholder detailed on this Annual Return is Rangers International Football Club PLC (RIFC PLC). RIFC PLC was not formed until 16 November 2012, nearly four months after Sevco Scotland Ltd was formed, so could not have been a founding shareholder.
And there’s more…….
The Rangers Football Club Ltd issued a Statement of Capital to Companies House, dated 31 October 2012, showing the same number of shares in issue as this Annual Return (33,415,200), some two weeks before Rangers International was formed. The Statement of Capital was submitted by Caroline Nicholls of Field Fisher Waterhouse LLP, who should be in a position to assist the directors.
I’d never really given any consideration to who owned Sevco Scotland Ltd prior to the shares being consumed by Rangers International, but this omission is curious. The story will move on now with auditors Deloittes taking centre stage. They have plenty on their plate prior to signing off the PLC’s accounts so may be happy to turn a blind eye to the reporting requirements of a subsidiary company. Companies House already have an active issue over submissions for Sevco 5088 Ltd, it remains to be seen whether this one passes below the radar.
This is all so unnecessary as I am sure the correct information would be perfectly appropriate and in good order.
Can you imagine what we would be doing if our ‘club’ was being run in this manner? This story is being played out while all those who should be asking questions are being distracted by a player betting against his own club!
In the grand scheme of things it doesn’t matter if Ian Black hedges against himself, or what embarrassingly light punishment he receives. The real story is so much bigger, it is being written in large type, visible from the moon landings, but the football authorities appear happy to stand back and let events take their course.
No looks of surprise next time around – from anyone.
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Bad planning work wise as down in Halifax on Weds. Can anyone recommend a good pub or sports bar to watch the game? The other option would be to jump on a train into Leeds for the evening if there was a CSC or pub there? Any help appreciated.
Doc is supporting Oscar and McKenzie.
http://news.stv.tv/scotland/239433-rangers-ebt-tax-case-hmrc-appeal-to-be-heard-in-public-judge-rules/?
http://t.co/z26hlMik0j
Doc see above
Oglach
Think we’re already there with 1 & 2
It’s only the timing
Anyway, Napoleon gubbed Von Clausewitz at Jena
HH
Leftclick, Bada Bing, thanks chaps.
From @MTH twitter.
So it is fact that serious threats were made to the people involved in First Tier Tax Tribunal, any wonder there was no sporting advantage.
Tinmhan
20:04 on 13 September, 2013
Oglach
Think we’re already there with 1 & 2
It’s only the timing
Anyway, Napoleon gubbed Von Clausewitz at Jena
HH
==
He was was just lucky :-)
BRTH
Any idea how many shares McColl the disgruntled shareholder has?
I suppose it’s easier to bang a drum than put your money where your mouth is.
:o)
I don’t understand all the manoeuvring that’s going on, but it’s fascinating.
The whole scenario since that Valentine’s Day has been an education for me, not to mention an endless source of entertainment !
Surely it can’t go on much longer – my poor sides cannae take much more soreness !
I am not a gambling man but I think I wil put my house, wages, life, cliche, shirt, whatever on the next sevco game coming up Black (Penalty, any time).
Leftclicktic
Charmingly funny.
I quite like that >}
HH
http://twitter.com/Bonzodog3000/status/378595945279016961/photo/1
Says it all for me.
We are the only show in town.
I would think the asset stripping spivs will have at least 51% of newco shares between them.
They dont stop feeding just to walk away:))
Next game he plays obviously
TET,
I think that the ref situation is relatively minor in the overall state of the SFA.
I think we can agree that the main facillitator in the scam is the SFA.
The Refs’ Association comes under the governance of the SFA, ergo, sort out the SFA and the rest follows on.
Auldheid has advocated an independant,accountable association of refs, who contract to the various leagues.
I hope I’ve represented his POV accurately.
Pushing for that other 1%
BRTH
I doubt if Jim McGuinness would be able to give much advice about the goalkeeper position. In Donnegal’s last game against Mayo his keeper conceded 4 goals in the 70 minutes of play, Only three other keepers had a worse record and they included London and Leitrim, two of the weakest teams in the championship.
Evening Hoops
Got yer predictions in yet? Big weekend in the predictor for all and even more so for those playing in the CL qualifiers. C’mon you predictors in green!!!
Oh and a wee treat (or not maybe) as the Friday nite quiz makes an appearance tonight at 9pm.
HH
CRC
Sixtaeseven
I understand that McColl speaks on behalf of 28% of the shareholders in RIFC Ltd.
I don’t know what shareholding McColl has and to be honest I cannot always easily follow who owns what in what company.
Further, Jim McColl would be a fool to rely on all the people who have said they will support him actually supporting him.
When sitting in a basket of snakes you have to look out for every snake in the basket!
jmccormick
20:00 on 13 September, 2013
Oglach
Can I add the best loved theory of the half mad General George Patton…strike with maximum force at minimum point of impact.
Sounds painful.
Was a Clyde Blowers employee too?
ttt
You got there >}
I still think the sfa will take longer to fix, if it can be fixed.
In the meantime, get Pedro to fix the refs, I don’t think it is a minor problem, I think it’s a major problem, if they can’t cheat us on the park, we get the prize, and that is what we are in the game for.
Sorry for repeating myself.
I had rice earlier, Basmati with a wonderfull beef stroganoff, deelish.
HH
Re keepers
Shay Given is still desperate to leave Villa? We should have looked at him as a loan option. I agree with other posters i think big Fraser has had a shaky start to this campaign and we could do with a wee bit more competion for the keepers jersey
Eric Murphy
You would be better in Halifax Canada. :-) McGuires in Leeds for the Tim experience.
They do like their statements so they do.
…………………………………………………………….
Rangers fans are entitled to be asking what is going on at their Club and I can fully understand their concerns. There have been times when I have also questioned the motives and logic of a few people over the last month or so and I have been right in at the centre of the discussions and meetings.
On occasion it has felt like being anchored in the eye of a storm of wild accusations hurled by men who have been determined to do everything in their power to slow this Club’s progress back to the top.
Let me say now and to every single fan: We will not be deterred. We will continue our rebuilding of this Club and even though our support have had to deal with scaremongering of the worst kind they will, in time, see that everything the current Board are doing is for the good of Rangers.
It is easy to toss insults and misinformation around like confetti without ever putting forward a coherent business plan with any degree of credence. It’s easy to decry the work of others and to cast aspersions. It is, however, much more difficult to admit when you are wrong.
There are dozens of terrific people working for Rangers. They are committed to this Club and they also deserve a period of calm and stability so that they and the Directors can get on with our jobs.
Both as a director and someone who has invested my own money in the future success of the Club I know that there are many of us who have been working tirelessly for Rangers and we believe totally that we are making a difference, even though some of us have been referred to as burglars, amateurs, asset strippers, you name it, we have kept going. The Club must come first and it would have helped enormously if only those who have tried so stubbornly to derail our process could have had a similar priority.
Over the last couple of months this Club has had the great misfortune to have been saddled with the threat of an GM all because a group of individuals, most of whom have never done anything for Rangers, some of whom never having invested felt they should become directors. No plan. No investment. No vision. Just an obsession to wear a tie and sit in the Directors’ Box.
Yet they were always quick to use the media to spread all kinds of inaccuracies and insults which caused some Rangers fans to be worried at best and fearful at worst. It was so unnecessary and so unfair on those fans and also the Club’s staff, who are often overlooked when Rangers are being discussed.
Perhaps we should have been more robust in our responses to them but we kept our focus despite the calumnies and we continued to put in the hours because we know we are making Rangers better and stronger. I cannot make every supporter believe that because the men who have tried to force their way in have poisoned some fans against the good being done within Ibrox but I will not give up.
As I have said before I have been talking with Jim McColl behind the scenes and I cannot and will not say anything that could damage him – I still believe he would have been a valuable addition to our Board – and I accept with good grace Frank Blin’s decision to remove himself from the process. Surely, Paul Murray and the others involved can also see that Rangers should have the time and space in which to continue its rehabilitation and journey back to the top.
A statement released by the Requisitioners earlier today suggests there was a refusal to engage with them but this Board has always been willing to be actively engaged with its shareholders.
The Board was, then, disappointed that the Requisitioners did not feel able to approach the board to discuss any concerns and instead felt the need to present a requisition for a GM which has caused further disruption and cost to the Company and had a negative impact on its ability to operate.
As a result of communication with the Requisitioners over a period of many weeks the Board had residual concerns with the consistency, substance and integrity of the proposals which had been put forward. These may not have been in the best interests of the Club and would not have reflected the interests of shareholders generally given that the Board also needed to consider the interests of the 70+% of other shareholders.
When asked, the Requisitioners had no underlying strategy for any proposed changes. In particular the requisition provided for the appointment of two new non-Executive Directors and the removal of the Executive Directors, which would have left the Company without directors to manage the day to day business.
The likely result of that would have seen the Company’s shares suspended from trading on AIM.
It should also be stressed that the Board had asked all of the Requisitioners to authenticate their involvement in the requisition and only Artemis did so. There remains a question over the intentions and involvement of the Requisitioners and with the confirmed departure of Frank Blin and other conversations that have been had by the Board it is unclear whether all Requisitioners share a unified approach.
It is disappointing that the Requisitioners feel it is necessary to make statements in the press but it is important that shareholders decide for themselves based on full and accurate information.
I invested a significant amount of my money because I believe in this Club. That money doesn’t give me any rights but I didn’t buy shares because I wanted to call the shots. I invested because I know this Club can be great again and I firmly believe we are on the right track.
The Board has no wish to engage in press commentary or speculation on the discussions that have been had with the Requisitioners as the Board considers it more important to maintain the honour and integrity of the Club.
We remain focused and optimistic that now the threat of an GM has been removed we will be allowed calm instead of confusion and quiet rather than chaos. Rangers are well on the road to recovery as will become clear at the AGM next month and I would hope that now Frank Blin has decided he can no longer push for a place on the Board that his running mate, Paul Murray, will have the decency and dignity to arrive at the same conclusion. After all, every Rangers fan knows he was on the Board when the Club went into decline and he could not prevent it.
Neither will he be allowed to stop this Board from succeeding.
As has been stated previously the Board remains committed to appointing a new Chairman and also confirms it is open to making further Board appointments if these would be of strategic benefit to the Company.
I know we are on the right track, I know we are reducing spending but remaining strong on the pitch and I know our long-term strategy will succeed. I also know money hasn’t been disappearing without trace and that assets are never going to be sold off but there are some who simply will not believe that no matter what I, or any of the other Directors say.
It must be remembered the Company is a public company and as such must be transparent in relation to the provision of financial information to shareholders – interim results were published in March and the Company is currently completing its annual audit and annual accounts will be published in the near future when this has been completed. Also, the Company has, in addition to the annual audit been through an intensive internal financial review process and all the Board ask now is that everyone with the Club’s best interests at heart be allowed to continue their work.
Since 2011 the following have, according to Sevconia, “brought it on themselves”:-
Neil Lennon
Paul McBride QC
Trish Godman MSP
The BBC
Phil MacGiollabhain
Jim Spence
Sun newspaper reporter Simon Houston
Angela Haggerty
Magic the Celtic top wearing boxer dog
Incidentally I believe that Charlotte Fakes has tonight released the following email exchange between Media House and David Leggat from earlier this week which shows their crisis news management in action:-
——————————————————————————————————————–
From :Jack@mediahouse.org
To :Leggo@button-moon.com
Subject: Magic the Dog and the Unseen Fenian Paw
Leggo,
You will have read the propaganda in today`s “Sun” – a newspaper that has forgotten all that I have done for it – about the boxer dog that was allegedly attacked by Rangers fans.
We need to turn the tables on this story. I have already sent Keith Jackson some pure gallus photos of a swanky new bus and instructed him to do a four page special on the new Rangers team bus in tomorrow`s Daily Record. He is on the case and is already padding a piece out with quotes from the guy who played Inspector Blakey in “On the Buses”. That should keep the fans onside for now.
But I also want to let these morons in the Sun know who they`re dealing with. Send out a powerful message and destroy their story`s credibility. So I`m asking you to do me a wee favour and there`s four cans of Loyal and True Special Brew in it for you.
Dig up some dirt on Lawwell and Desmond. Are they making donations to the SSPCA or the Dogs Trust? If so – there`s a clear link and evidence that they were in cahoots with this mutt, the unseen fenian paw running amok.
Track down the owner of this mutt and watch him walking it. Ideally catch the dog in the act of doing a number 2 and if the owner fails to clean it up then take some photos – I can then place a story that this insanitary dog had it coming and those staunch and community spirited Gers fans were doing the local community a favour.
No surrender and Yours Aye,
Jack
REPLY:-
From: Leggo@button-moon.com
To: Jack@mediahouse.org
Brother Jacko,
Message received loud and clear.
I have already penned a piece of my blog which I trust meets with your approval.
ODIOUS CREEP, BARBARA WOODHOUSE, THE LUFTWAFFE AND THE CANINE CELTIC CONSPIRACY
STAUNCH and dignified Bluenoses, the sons of Struth the length and breadth of glorious Britannia, choked on their cornflakes when the notorious Republican Rabble Rag, “The Sun”, carried a story this week alleging that Rangers fans attacked a dog simply because it was wearing a Celtic strip.
But – typical of the green tinted Scottish Press – events were deliberately misrepresented to defame the noble Rangers fans who have suffered so much over the last 2 years as Lawwell installed puppets such as Craig Whyte and Imran Ahmed have robbed Rangers blind.
The Rangers fans alleged to have attacked this dog were holding an ad hoc minute`s silence to commemorate Andy Goram`s dead auntie – a touching display of remembrance – which was disgracefully violated by this lumbering canine brute barking as it strolled down the street as though it were marching at a Republican parade.
This was no innocent intrusion. For I can exclusively reveal that this mutt once ate a tin of Pedigree Chum that was purchased in Byres Road Waitrose – Odious Creep`s local shop, no less. Co-incidence? I think not, as m`learnud friends would say.
And I can also reveal that this continues a long line of bigoted Rangers-hating Celtic canine collaboration. For I can exclusively reveal that deceased television personality and dog trainer, Barbara Woodhouse, used to live in the East End of Glasgow and, under Robert Kelly`s orders, would skip into Celtic Park at night to turn on the floodlights to guide the Luftwaffe during World War 2.
This may explain why you never see dogs wearing poppies. Clearly the four legged wretches are all hate-filled anti-Rangers bigots who despise this country and would wrongly tell you that Rangers died if they could speak.
In the words of the great Jock Wallace – “The dug had it coming!”
But don`t expect to read this in the Cellic loving, Lawwell controlled “Sun” newspaper.
——————————————————————————————————————–
PS Can you put in a word to the Herald and try and get Odious Creep sacked?
Yours blotto`d
Leggo
oglach-Given is on 60k a week,would need to be a loan right enough.
If Jim Mcoll wins control of ipox will he rename them as Clyde Blowhards International Finance Co-operative and if myself and two others buy preffered shares for $60 each do the 3 million shares allow us to sheet on the board?
“It must be remembered the Company is a public company and as such must be transparent in relation to the provision of financial information to shareholders”
Written by the CEO of RIFC plc on the same day that the annual return of its SFA member subsidiary fails to disclose its founding shareholders, in contravention of the disclosure rules.
Gorra laugh, eh.
Celtic 9/1 to beat Milan with Corals.
TBGS
Amazing satire! Can I CnP to forward please?
TBB-Priceless.
1. Oldco employed a sectarian signing policy for over a century.
2.Oldco support have run riot , causing carnage and mayhem wherever they have travelled. Barcelona ( twice) Villareal, Birmingham, Newcastle, Manchester and too many other places to mention.
3.Cheat, had and their reincarnation has the benefit of referees.
4.Employed a tax avoidance scheme to afford players they couldn’t have normally afforded.
5. Didn’t pay social taxes and bumped a creditors list as long as Copeland Road .
6. Show advanced stages of delusion trying to claim Oldco is the same as Sevco.
7.intimidate anyone who disagrees with them with threats of violence.
8. Intimidate anyone who wants to expose the same club myth.
9.Have a manager who is extremely fat.
10.Were and are consumed with jealously over our achievements.
‘ The fabric of Scottish sociey’ Alex Salmond.
What’s not to like ??????
TGBS
Dyslexia :-)
Tom McLaughlin
Delighted to hear your are back home.
Best wishes to you.
Hail Hail
The glorious balance sheet.
PMSL
Brilliant
Eric Murphy – Delaney’s Dunkey. McGuires closed a couple of years ago.
CSC runs from The Harp, (would you believe) Cromwell St. Nr St James hospital in Leeds.
Sannabhoy might also be in town for the game. Not sure where I will be watching the game yet but feel free to give me a shout if you want to come through to Leeds.
the glorious balance sheet
The only fault I find with your summation is that it appears to be understated compared to reality. Otherwise, totally beliveable.
TGBS
Brilliant
Delaneys Dunky,
Feel free, my friend. :)
Burghbhoy, Hrvatsi Jim, cheers!