Archway sheet metal works on fire!!

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CJJ said:
I seem to recall £4m being bandied about before the CPO appeal? Not sure if I'm making that up or not
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It's here in Black and white,http://companycheck.co.uk/company/01501004
and
https://www.opencompany.co.uk/company/01501004/archway-sheet-metal-works-limited

They are nowhere near worth £4m. I find it amazing that the fixed/tangible assets are listed as just £875,000( the land, machinery, vans, buildings, stock etc) the other assets total £998,000 (including debtors stocks and cash - £7,900 ) minus the £864,000 they owe to creditors/liabilities makes their net worth just over £1m.

So, a conservative guess would say the land is worth maybe £400,000.
 
DeeGee said:
It's here in Black and white,http://companycheck.co.uk/company/01501004
and
https://www.opencompany.co.uk/company/01501004/archway-sheet-metal-works-limited

They are nowhere near worth £4m. I find it amazing that the fixed/tangible assets are listed as just £875,000( the land, machinery, vans, buildings, stock etc) the other assets total £998,000 (including debtors stocks and cash - £7,900 ) minus the £864,000 they owe to creditors/liabilities makes their net worth just over £1m.

So, a conservative guess would say the land is worth maybe £400,000.
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I meant the offer from ENIC, not the value of the company
 
Archways on fire, 20 pages.

5 pages of that is star wars, 3 fire puns or levy GIFs, 3 people randomly guessing what this means and the rest means I can't count. What a fan base.
 
You haven't even been here a month...this is the norm, the only thing missing is someone totally losing it and at least two people ending up getting sinbinned.
 
DeeGee said:
It's here in Black and white,http://companycheck.co.uk/company/01501004
and
https://www.opencompany.co.uk/company/01501004/archway-sheet-metal-works-limited

They are nowhere near worth £4m. I find it amazing that the fixed/tangible assets are listed as just £875,000( the land, machinery, vans, buildings, stock etc) the other assets total £998,000 (including debtors stocks and cash - £7,900 ) minus the £864,000 they owe to creditors/liabilities makes their net worth just over £1m.

So, a conservative guess would say the land is worth maybe £400,000.
Click to expand...

Land and buildings are frequently massively understated on accounts. Often they're put at original purchase cost and never updated. So say the land was bought for £350k 20 years ago it's very possible the accounts still show that value in spite of the land now being worth four times that on the open market.

You should see some farm accounts - £200k land & buildings when they have 500 acres and a massive farmhouse...
 
Furball man said:
Only if we move it at half time

Was it Kent who had a tree on their cricket pitch ?
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Yorkshire had a football ground on theirs (Bramall Lane)
images
 
I have read all the threads on this but one bit is missing for me. Does anyone know if it's costing The family a lot of money fighting the club on this? I imagine it must be a financial burden if it was?
 
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