2022-23 Accounts now published

[jon1959]

Who's the director with significant influence in Tormen Finance who it would appear have loaned us £20 million at 9 per cent? I would have assumed it was Mehmet Dalman, but it does say it's a director not the Chairman.

Looks like he wage bill fell by just over £6 million.

Keith's commentary on the published accounts from last year says:

The main liabilities in the May 2022 balance sheet were amounts of £73m due to Vincent Tan and his family and £20.8m due to Tormen Finance, a company in which Mehmet Dalman has a significant interest – this loan carries interest at 9%.

http://www.cardiffcity-mad.co.uk/new...96/index.shtml

I have seen the 'significant interest' phrase used several times to describe the relationship between Dalman and Tormen Finance - but don't really know what it means - whether he owns Tormen or has a major financial stake in it....?

[Trigger]

Keith's commentary on the published accounts from last year says:

The main liabilities in the May 2022 balance sheet were amounts of £73m due to Vincent Tan and his family and £20.8m due to Tormen Finance, a company in which Mehmet Dalman has a significant interest – this loan carries interest at 9%.

http://www.cardiffcity-mad.co.uk/new...96/index.shtml

I have seen the 'significant interest' phrase used several times to describe the relationship between Dalman and Tormen Finance - but don't really know what it means - whether he owns Tormen or has a major financial stake in it....?

Listed as a beneficial owner on gov site.At least 25% of shares.

I think we have been lending from them for years.