The New "New Era"

Chat and Gossip About Professional Darts and The More Farcical Successors To The BDO
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M H
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The New "New Era"

Post by M H » Wed Jan 16, 2019 6:40 pm

Been having a sniff around and this is possibly a bit interesting, make your own minds up.

Had a look at Kane Developments (Gainsborough) Limited and the credit rating right now stands at 27 from 100. The suggested credit limit is £Nil, Cash With Order. So the question is how can that be for a company owned and ran by the BDO Chairman and his delightful husband?

Now here's the rub, they shortened the accounting year to 28th March 2018 from 30th March 2018 which effectively gives them three more months to file accounts. My question is why with a Balance Sheet Value of £211,804 as at 31.03.2017 would you delay posting the 2018 accounts?

Looking at the 2017 accounts it appears they put their home into the business which inflated the value, then revalued it to push the Balance Sheet into a positive overall. But with a Current Asset deficit of £404k I wouldn't give this company a second look.

Also the idiots could have filed "Micro Accounts" which wouldn't have revealed any of my analysis
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The Ginge Reaper
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Re: The New "New Era"

Post by The Ginge Reaper » Wed Jan 16, 2019 6:51 pm

Pardon my ignorance but what's all this got to do with the BDO?
Big changes on the way ! We've heard it before but it's different this time !!!! , I believe Bdo gonna grow x

Tony O'Shea, 6th January 2016

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M H
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Re: The New "New Era"

Post by M H » Wed Jan 16, 2019 7:00 pm

He's skint, just like Warren Brown was. Now has the keys to the sweet shop
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Zeyes
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Re: The New "New Era"

Post by Zeyes » Wed Jan 16, 2019 7:04 pm

A few years ago I remarked that the BDO is the kind of rudderless organisation that's very likely to ultimately end up in the hands of somebody who promises them the moon but really only wants to gut it of its remaining valuables for personal profit. I expected that to be a Warren Brown-like outsider, but it would be even funnier if it's somebody who already was part of the "family".

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Mabbsy
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Re: The New "New Era"

Post by Mabbsy » Wed Jan 16, 2019 7:29 pm

Wonder what dividends were paid to the shareholders during that year ?

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M H
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Re: The New "New Era"

Post by M H » Wed Jan 16, 2019 7:39 pm

Mabbsy wrote: Wed Jan 16, 2019 7:29 pm Wonder what dividends were paid to the shareholders during that year ?
Only £10k in the last accounts

The cash balance at just over £2k is poor.

I can't help wondering where or how the Turkish Open profits are declared
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Wolflanternbumbag
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Re: The New "New Era"

Post by Wolflanternbumbag » Wed Jan 16, 2019 9:47 pm

Des has spent a fair bit of money on clit rings for his Mrs..
YORKSHIRE GRIT

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Tommo
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Re: The New "New Era"

Post by Tommo » Wed Jan 16, 2019 10:05 pm

Wolflanternbumbag wrote: Wed Jan 16, 2019 9:47 pm Des has spent a fair bit of money on clit rings for his Mrs..
Image
They're all here!

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