big baz wrote:I am nothign to do with the company and never have been. Yes charges are mortgages etc. They do not mean they have defaulted. You really need to stop making yourself look silly competition man

Let us get one thing straight, shall we right now. I'm not Competition man.

They can't afford to pay their mortgage, but they can afford to sponsor the club? They have problems in running their business but can afford to sponsor a football club? Do we need a company sponsoring the club that can't pay their bills?

How am I making myselff look silly?

As long as they are paying us I don’t care if they default with anyone else

Fu Ming wrote:As long as they are paying us I don’t care if they default with anyone else

Is this another new director?

We don't need your money, son.

Lost in Willesden wrote:

Fu Ming wrote:As long as they are paying us I don’t care if they default with anyone else

Is this another new director?

We don't need your money, son.

A rather angry reply from you I feel.
No I am not a new director.
What is the matter with anyone’s money as long as it comes from legitimate sources?
And finally please don’t tell me that the club and you don’t want my money. (I am a season ticket holder and a trust member).

yourfinalanswer wrote:

big baz wrote:I am nothign to do with the company and never have been. Yes charges are mortgages etc. They do not mean they have defaulted. You really need to stop making yourself look silly competition man

Let us get one thing straight, shall we right now. I'm not Competition man.

They can't afford to pay their mortgage, but they can afford to sponsor the club? They have problems in running their business but can afford to sponsor a football club? Do we need a company sponsoring the club that can't pay their bills?

How am I making myselff look silly?

You do not know that they haven’t paid their mortgage or cant pay their bills. Bizarrely you have noticed on companies House that they have legal charges on the company and have taken that to mean they have defaulted on stuff.

In trying to be a a smart ass your lack of basic knowledge has been exposed because you do not realise that more than half of companies in the country have legal charges registered against them including some of the biggest and most well known firms.

Not to mention anyone who has a mortgage on their house has a legal charge registered against it at Land Registry. It doesn't mean each and every mortgage holder in the country is in arrears!

You should look at what Sonovate (the charge holder) do. I'm not 100% certain from my limited scan of the charge doc, but I suspect the charge relates to invoice factoring (something Sonovate specialises in), thus improving the particular company's cashflow. I'm guessing it's outstanding because it's an ongoing facility that Candour wish to utilise.

Is there a list of how much it costs to sponsor the club and what you can sponsor?

I apologize if I have misunderstood that companies house charges for a business being in debt, my mistake.

Torquay Exile wrote:Is there a list of how much it costs to sponsor the club and what you can sponsor?

matthew.owen@newport-county.co.uk

yourfinalanswer wrote:I apologize if I have misunderstood that companies house charges for a business being in debt, my mistake.

A legal charge allows a lender to protect the money they have lent to an individual or company. It is a legal document signed by the borrower which is registered against the property at the Land Registry to alert any potential buyer of the existence of the debt

So they are normally "standard" business debts, mortgage, cash flow, etc. Land Registry publish them rather than Company House.