The Darts Forum

Emulsfier wrote: ↑Sun Mar 15, 2020 2:50 pm Imagine being stuck in lockdown with the selectas for two weeks or more.

"Does anyone find my wife attractive? Anyone at all?"

Cinnamon Bun wrote: ↑Sat Mar 14, 2020 11:57 pm What an absolute fucking twat. He wouldn't give two shits if people got infected and died.

Probably would just call them vile, smelly Turks or something.

sennafan24 wrote: ↑Sun Mar 15, 2020 6:47 pm

Emulsfier wrote: ↑Sun Mar 15, 2020 2:50 pm Imagine being stuck in lockdown with the selectas for two weeks or more.

"Does anyone find my wife attractive? Anyone at all?"

Of course they fucking don't. I would rather eat my own shit than have sex with that.

Des has resigned as chairman of the BDO!

https://www.bdodarts.com/index.php/item ... of-the-bdo

Would never happen at Lakeshite. Oh....

Tommo wrote: ↑Tue Mar 24, 2020 2:41 pm Would never happen at Lakeshite. Oh....

PROPER COUNTY DARTS! BEST OF ORDER!

Ginge posted this on TSOD regarding the BDO's finances:

- they owe £50k to unspecified parties
- they owe 6 figures to Sportotal
- they lost £5k on the last Gold Cup after the previous one made a profit
- they lost £3k on the youth event
- they lost £100k on the Blackburn WDT
- the Masters has lost £180k the last two years it has been run
- they moved the Worlds to the o2 to make money and it still lost £30k

Staggering.

Also the One80 and L Style deals earned them a grand total of £16k and no mention of how much the 3 o2 sponsors brought in (the hygiene company, the speedway team, and the dodgy bloke doing the bets).

I've seen the accounts and both BDO Ltd and BDOE Ltd are insolvent, in a nutshell it's technically illegal for trade to continue without a realistic recovery plan.

Administration awaits

End of thread.

Torremolinos last year made a few grand though, so ever cloud....

Have to admit Des did what none of the previous directors could do...put the final nail in the coffin.

sennafan24 wrote:Ginge posted this on TSOD regarding the BDO's finances:

- they owe £50k to unspecified parties
- they owe 6 figures to Sportotal
- they lost £5k on the last Gold Cup after the previous one made a profit
- they lost £3k on the youth event
- they lost £100k on the Blackburn WDT
- the Masters has lost £180k the last two years it has been run
- they moved the Worlds to the o2 to make money and it still lost £30k

Staggering.

Also the One80 and L Style deals earned them a grand total of £16k and no mention of how much the 3 o2 sponsors brought in (the hygiene company, the speedway team, and the dodgy bloke doing the bets).

Oh and they lost £190k on the last Lakeside as it seems Potter paid fuck all towards the prize fund.

£13,750 in cash but they had taken entry fees for Torremolinos of £68,891. Good luck getting your refund if you were daft enough to decide to go to this.

andy a wrote:£13,750 in cash but they had taken entry fees for Torremolinos of £68,891. Good luck getting your refund if you were daft enough to decide to go to this.

It shows they made a £5600 PROFIT on Torre, surely this is prior to refunds?

The Ginge Reaper wrote: ↑Sat Mar 28, 2020 12:53 pm

andy a wrote:£13,750 in cash but they had taken entry fees for Torremolinos of £68,891. Good luck getting your refund if you were daft enough to decide to go to this.

It shows they made a £5600 PROFIT on Torre, surely this is prior to refunds?

That must be the case. These accounts were done up to the 17th of March and there can't have been time for the refund process to have even started. Does anyone know of someone who had booked and was due a refund?

Even if the Gainsborough businessman of the decade gets a full refund from the hotel surely it won't free up any cash.

Andy makes a good point, the refund process wouldn't have been in place on the 17th. The correct accounting treatment of Torremolinos would be to defer all revenue and associated costs til the point where all refunds have been made and venue costs credited.

Profit cannot be taken to revenue till that profit has actually been made

I can understand why Torremolinos might have been in the books as these were prepared only a few days before the event was due so they probably new the final sales and revenue figures - well apart from the meat raffle.

I was more concerned that if they had revenues of the best part of £69,000 but only £13,750 in the bank they must have already spent a large proportion of that money.

Des said he'd held off cancelling the event until forced to by the Spanish government so that everyone that didn't attend could get a refund. My point was where would the cash for those refunds come from? Surely the hotel would credit the BDO for those guests that hadn't attended. Unless of course the BDO had already paid the hotel but with creditors of £228,000 I'm sure they hadn't done that yet.

In the books yes as the transactions had taken place but it's how they are treated. Unless there's no refunds you simply can't take profit from an event as yet not held.

I prepare monthly accounts for a company that holds events for the travel industry worldwide. As the costs are incurred and tickets sold the revenue is deferred and costs prepaid till the event takes place. It's a matter of when the profit or loss actually crystallises. In this case nothing is complete therefore the accounts are misstated.

A legal obligation of a company director is to protect the interests of all creditors and treat all equally. One creditor cannot be paid unless all can be paid which effectively means there will be no refunds.

Both companies are insolvent ans as such the remaining director should consult an insolvency practitioner.

Tits and up come to mind

I suppose what I was really thinking was that if the event had taken place the prize fund would have wiped out the last of the cash reserves and therefore Des had intended to stiff the hotel and if Des knew how much cash was left (and he must have done) why was he pretending to be the hero for holding off the cancellation until mandated by the Spanish authorities as he knew there was no way of refunding what people had paid.