Reply To: Confused.com

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#2090
llubyllub
llubyllub
Participant
  • Posts 298

Too much for me too. In the six months prior to February the stated shortfall was actually £40k above the budgeted shortfall of £180k (not 30k a month that I stated above, the 30k was the budgeted shortfall per month). Therefore the total shortfall above the budgeted shortfall for the year to date should only be £60k (total loss about £420k). Still bad but not as bad. It seems to me that the board are trying to cover their budgeted shortfall, which they are unwilling or unable to cover themselves, with the funds raised by supporters. I understand that if a negative budget was set then the company would be guilty of wrongful trading and the directors could be made personally responsible for the company’s debts if the company was liquidated. What a woeful mess.


  • This reply was modified 3 years, 5 months ago by llubyllub llubyllub.
  • This reply was modified 3 years, 5 months ago by llubyllub llubyllub.
  • This reply was modified 3 years, 5 months ago by llubyllub llubyllub.

Who said Wales was a backward nation?