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| Quote ="PHe"Following on from the points covered by Sandal Cat regarding the 4 suitors. Is there anyone out there with a working knowledge of Administration? If, as seems likely, WT go into adminstration, how do the administrators judge the 'best' offer? Is it based purely on the suitor who offers the largest amount to 'buy' the club - something akin to a secret bid scenario, or can other 'bidders' see the level of other bids?
If it is based on the best offer, then this may not be in the longer term best interests of the club as a lower bidder may have greater resources for the future or perhaps has greater expertise. Anyone?'"
The administrator will do whats best for the creditors,although it will be the present board that will choose the administrator !!
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| Quote ="PHe"Is there anyone out there with a working knowledge of Administration? If, as seems likely, WT go into adminstration, how do the administrators judge the 'best' offer? Is it based purely on the suitor who offers the largest amount to 'buy' the club - something akin to a secret bid scenario, or can other 'bidders' see the level of other bids?
If it is based on the best offer, then this may not be in the longer term best interests of the club as a lower bidder may have greater resources for the future or perhaps has greater expertise. Anyone?'"
[url=http://www.redpassion.co.uk/forums/crusaders-rugby/69930-list-crusaders-creditors-full-administrators-report-9.htmlHope This Helps[/url
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International Star | 438 | No Team Selected |
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| Quote ="TwoBlues"[url=http://www.redpassion.co.uk/forums/crusaders-rugby/69930-list-crusaders-creditors-full-administrators-report-9.htmlHope This Helps[/url'"
Its helped give me headache and i'm only a third of the way through it
Thanks for that.
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| Chairman: Ted Richardson
Vice Chairman/Finance Director: Eric Timmins
Managing Director: Diane Maskill
Director: Ray Barnes
Associate Director: Richard Venables
Chief Executive: James Elston
Operational Director: Francis Stephenson
Football Director/Head Coach: John Kear
So the statement came from the eight named above? The same eight who claim they will resign if the right offer comes in?
If that happens, will Kear leave too? Or are his two roles (FD / HC) separate contracts?
What is known of the other board members that aren't family? Do others have a grief with all of them, or just the family? Or is a collective gripe against all of them?
Also.. if we went into administration, wouldn't the above names be unable to become directors again for a number of years? Or is that if the company is wound up completely? How does that work?
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| Quote ="The Trip"The administrator will do whats best for the creditors,although it will be the present board that will choose the administrator !!'"
O'Hara's
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Quote ="Herbert Splatt"Chairman: Ted Richardson
Vice Chairman/Finance Director: Eric Timmins
Managing Director: Diane Maskill
Director: Ray Barnes
Associate Director: Richard Venables
Chief Executive: James Elston
Operational Director: Francis Stephenson
Football Director/Head Coach: John Kear
So the statement came from the eight named above? The same eight who claim they will resign if the right offer comes in?
If that happens, will Kear leave too? Or are his two roles (FD / HC) separate contracts?
What is known of the other board members that aren't family? Do others have a grief with all of them, or just the family? Or is a collective gripe against all of them?
Also.. if we went into administration, wouldn't the above names be unable to become directors again for a number of years? Or is that if the company is wound up completely? How does that work?'"
Check to make sure the final few names are actually "Directors", not senior managers with fancy "director" titles. That is quite common. I haven't checked, but its £1 from www.companieshouse.gov.uk - go to "webcheck".
Directors are only banned if their conduct has merited it. It requires a specific formal process. Relatively few directors actually cop a ban, and none should who have acted responsibly. From what I have read about Richardson, its possible he COULD be in trouble - but its premature to judge based solely on what you read on hear or in the papers. My guess is it is very unlikely any of them will.
hth
ps: just had a quick (free) look: Barnes was appointed in 2008. The first three - have they been on the board a while? for earlier appointments, you can't see the name without paying for a report/document, but the last board change before then was 2001.
I would be almost certain that Elston, Stephenson and Kear are NOT Directors, and their positioning on the list suggests that. Venables ditto - and his title "Associate Director" is one regularly used to give someone's ego a fancy title that actually means bugger all. Again, his position on the list gives further support to the point re the other three.
If I could be d with spending £1, and pratting about with the hard-work payment a d download process, I could tell you for sure. Surely one of you guys can download the latest Annual Return or the Current Appointments Report?
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Quote ="Herbert Splatt"Chairman: Ted Richardson
Vice Chairman/Finance Director: Eric Timmins
Managing Director: Diane Maskill
Director: Ray Barnes
Associate Director: Richard Venables
Chief Executive: James Elston
Operational Director: Francis Stephenson
Football Director/Head Coach: John Kear
So the statement came from the eight named above? The same eight who claim they will resign if the right offer comes in?
If that happens, will Kear leave too? Or are his two roles (FD / HC) separate contracts?
What is known of the other board members that aren't family? Do others have a grief with all of them, or just the family? Or is a collective gripe against all of them?
Also.. if we went into administration, wouldn't the above names be unable to become directors again for a number of years? Or is that if the company is wound up completely? How does that work?'"
Check to make sure the final few names are actually "Directors", not senior managers with fancy "director" titles. That is quite common. I haven't checked, but its £1 from www.companieshouse.gov.uk - go to "webcheck".
Directors are only banned if their conduct has merited it. It requires a specific formal process. Relatively few directors actually cop a ban, and none should who have acted responsibly. From what I have read about Richardson, its possible he COULD be in trouble - but its premature to judge based solely on what you read on hear or in the papers. My guess is it is very unlikely any of them will.
hth
ps: just had a quick (free) look: Barnes was appointed in 2008. The first three - have they been on the board a while? for earlier appointments, you can't see the name without paying for a report/document, but the last board change before then was 2001.
I would be almost certain that Elston, Stephenson and Kear are NOT Directors, and their positioning on the list suggests that. Venables ditto - and his title "Associate Director" is one regularly used to give someone's ego a fancy title that actually means bugger all. Again, his position on the list gives further support to the point re the other three.
If I could be d with spending £1, and pratting about with the hard-work payment a d download process, I could tell you for sure. Surely one of you guys can download the latest Annual Return or the Current Appointments Report?
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Player Coach | 909 | No Team Selected |
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Aug 2007 | 17 years | |
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Quote ="Adeybull"Check to make sure the final few names are actually "Directors", not senior managers with fancy "director" titles. That is quite common. I haven't checked, but its £1 from www.companieshouse.gov.uk - go to "webcheck".
Directors are only banned if their conduct has merited it. It requires a specific formal process. Relatively few directors actually cop a ban, and none should who have acted responsibly. From what I have read about Richardson, its possible he COULD be in trouble - but its premature to judge based solely on what you read on hear or in the papers. My guess is it is very unlikely any of them will.
hth'"
Cheers for that Adey, the titles were from the WTW website, so I had to trust its as much what they want us to believe. JK has been described as a director in the press previously.
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Quote ="Adeybull"Check to make sure the final few names are actually "Directors", not senior managers with fancy "director" titles. That is quite common. I haven't checked, but its £1 from www.companieshouse.gov.uk - go to "webcheck".
Directors are only banned if their conduct has merited it. It requires a specific formal process. Relatively few directors actually cop a ban, and none should who have acted responsibly. From what I have read about Richardson, its possible he COULD be in trouble - but its premature to judge based solely on what you read on hear or in the papers. My guess is it is very unlikely any of them will.
hth'"
Cheers for that Adey, the titles were from the WTW website, so I had to trust its as much what they want us to believe. JK has been described as a director in the press previously.
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| 'Managing Director' is such an ironic title. And still, three people with titles which are very similar roles.
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| director of coaching i believe. Cant imagine he has contributed to the club financially
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Player Coach | 708 | No Team Selected |
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Apr 2008 | 17 years | |
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| Quote ="Herbert Splatt"Chairman: Ted Richardson
Vice Chairman/Finance Director: Eric Timmins
Managing Director: Diane Maskill
Director: Ray Barnes
Associate Director: Richard Venables
Chief Executive: James Elston
Operational Director: Francis Stephenson
Football Director/Head Coach: John Kear
So the statement came from the eight named above? The same eight who claim they will resign if the right offer comes in?
If that happens, will Kear leave too? Or are his two roles (FD / HC) separate contracts?
What is known of the other board members that aren't family? Do others have a grief with all of them, or just the family? Or is a collective gripe against all of them?
Also.. if we went into administration, wouldn't the above names be unable to become directors again for a number of years? Or is that if the company is wound up completely? How does that work?'"
The only directors who were going to resign if the £500k came forwards were the Executive Directors - Ted, Eric Timmins & Ray Barnes.
Richard Venables & Andrew Wright are unpaid, non-exec directors while the rest are paid employees of the club who sit on the BoD as part of their role at the club.
As Adeybull has said, only the Executive Directors could find themselves being banned IF it was established they had done something that warranted a ban - but that is for someone else to decide rather than the contributors to this forum.
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Player Coach | 4163 | No Team Selected |
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Feb 2009 | 16 years | |
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Nov 2021 | Oct 2019 | LINK |
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| Quote ="RDM"The only directors who were going to resign if the £500k came forwards were the Executive Directors - Ted, Eric Timmins & Ray Barnes.
Richard Venables & Andrew Wright are unpaid, non-exec directors while the rest are paid employees of the club who sit on the BoD as part of their role at the club.
As Adeybull has said, only the Executive Directors could find themselves being banned IF it was established they had done something that warranted a ban - but that is for someone else to decide rather than the contributors to this forum.'"
Hopefully going into admin will allow the employment of Ted's daughter to be terminated. If she is still at the club, it will be a joke
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International Chairman | 14145 | No Team Selected |
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Dec 2001 | 23 years | |
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| See my update to my post re director status - seems to accord with what RDM posted just above.
A non-executive director is still a director with full legal liabilities if they are registered as a Director. The law makes no distinction between and Executive and a Non-Executive Director. The key point is are they a "True" director?
And yes, only "True" directors are exposed to being banned, and that decision is taken elsewhere and after the report on the directors' conduct submitted (by law) by the Administrator and, if appointed, the Liquidator, and speculation is both futile and also potentially libelous, to be honest.
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Player Coach | 4291 | No Team Selected |
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Aug 2006 | 18 years | |
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| Quote ="Tricky2309"Hopefully going into admin will allow the employment of Ted's daughter to be terminated. If she is still at the club, it will be a joke'"
Agreed. Need a completely new start.
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Player Coach | 708 | No Team Selected |
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Apr 2008 | 17 years | |
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| Quote ="Adeybull"See my update to my post re director status - seems to accord with what RDM posted just above.
A non-executive director is still a director with full legal liabilities if they are registered as a Director. The law makes no distinction between and Executive and a Non-Executive Director. The key point is are they a "True" director?
And yes, only "True" directors are exposed to being banned, and that decision is taken elsewhere and after the report on the directors' conduct submitted (by law) by the Administrator and, if appointed, the Liquidator, and speculation is both futile and also potentially libelous, to be honest.'"
The "Non-Exec" directors were not formally named as directors on the 2010 annual return to Companies House. As per my previous post, Ted, Eric & Ray are named as directors while Diane Maskill was named as Company Secretary.
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Club Owner | 33944 | No Team Selected |
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Mar 2004 | 21 years | |
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| Quote ="RDM"The "Non-Exec" directors were not formally named as directors on the 2010 annual return to Companies House. As per my previous post, Ted, Eric & Ray are named as directors while Diane Maskill was named as Company Secretary.'"
Usually the company secretary is a director , they are the one responsible legally , every limited co has to have a company secretary
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International Chairman | 14145 | No Team Selected |
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Dec 2001 | 23 years | |
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| Quote ="Starbug"Usually the company secretary is a director , they are the one responsible legally , every limited co has to have a company secretary'"
Wrong pal.
They may be a director, but do not have to be. In quoted companies it is very unusual for the Secretary to be a director. Many many very small companies have the owner as the sole director, and his.her spouse as company secretary.
Every company does NOT now have to have a Secretary. My personal service company does not.
The secretary has certain legal responsibilities, and is usually the only real "Officer" of the company when the term "Directors and Officers" is used. But the Secretary's legal exposure is a fraction of that of a Director.
Been both, on various occasions and in various companies.;
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Club Owner | 33944 | No Team Selected |
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Mar 2004 | 21 years | |
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| Quote ="Adeybull"Wrong pal.
They may be a director, but do not have to be. In quoted companies it is very unusual for the Secretary to be a director. Many many very small companies have the owner as the sole director, and his.her spouse as company secretary.
Every company does NOT now have to have a Secretary. My personal service company does not.
The secretary has certain legal responsibilities, and is usually the only real "Officer" of the company when the term "Directors and Officers" is used. But the Secretary's legal exposure is a fraction of that of a Director.
Been both, on various occasions and in various companies.;'"
I did say ' usually ' as in my experience ( wrongly it would seem ) it has been a director as ' secretary '
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International Chairman | 14145 | No Team Selected |
Joined | Service | Reputation |
Dec 2001 | 23 years | |
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Aug 2020 | Oct 2019 | LINK |
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| Quote ="Starbug"I did say ' usually ' as in my experience ( wrongly it would seem
) it has been a director as ' secretary ''"
And you were completely wrong on your other two points. At least in your first point you allowed yourself a back door!
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Rank | Posts | Team |
Club Owner | 33944 | No Team Selected |
Joined | Service | Reputation |
Mar 2004 | 21 years | |
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Mar 2016 | Mar 2016 | LINK |
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| Quote ="Adeybull"And you were completely wrong on your other two points. At least in your first point you allowed yourself a back door!
'"
Not the first time I've been wrong , and doubtful it will be the last
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International Chairman | 14145 | No Team Selected |
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Dec 2001 | 23 years | |
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Aug 2020 | Oct 2019 | LINK |
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| Quote ="Starbug"Not the first time I've been wrong , and doubtful it will be the last
'"
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International Chairman | 48326 | No Team Selected |
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Mar 2002 | 23 years | |
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Sep 2023 | Oct 2022 | LINK |
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| Quote ="Adeybull" My personal service company '"
Tell us more …
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Player Coach | 9974 | No Team Selected |
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Feb 2009 | 16 years | |
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Feb 2019 | Feb 2019 | LINK |
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| Nudge, nudge, wink, wink, say no more, say no more!!!!
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International Chairman | 14145 | No Team Selected |
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Dec 2001 | 23 years | |
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Aug 2020 | Oct 2019 | LINK |
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| Go Google "Personal Service Company", although be prepared to be bored to
tears with a load of tax and something called IR35.
Now had I said "Personal Service [u=#800000s[/u Company, I could maybe understand the confusion...
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Rank | Posts | Team |
Player Coach | 792 | No Team Selected |
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Mar 2009 | 16 years | |
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Dec 2015 | Oct 2015 | LINK |
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| Quote ="Adeybull"icon_lol.gif Go Google "Personal Service Company", although be prepared to be bored to
tears with a load of tax and something called IR35.
Now had I said "Personal Service[u=#800000s[/u Company, I could maybe understand the confusion...'"
IR35 is the most exciting ruling in the world!
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