2022-23 Accounts now published

[Undercoverinwurzelland]

£11m loss, down from £29m the previous year.

https://find-and-update.company-information.service.gov.uk/company/00109065/filing-history

[the other bob wilson]

Re: 2022-23 Accounts now published

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.

[jon1959]

Re: 2022-23 Accounts now published

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/news/tmnw/trust_chairs_analysis_of_cardiff_citys_latest_accounts_971496/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]

Re: 2022-23 Accounts now published

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/news/tmnw/trust_chairs_analysis_of_cardiff_citys_latest_accounts_971496/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.

[jon1959]

Re: 2022-23 Accounts now published

https://www.bbc.co.uk/sport/football/68489496

[Former Labour leader]

Re: 2022-23 Accounts now published

Perhaps most interesting is that a deal to lease the new training ground at Miskin is close to be signed. Shows a real commitment by VT and the club.

[TWGL1]

Re: 2022-23 Accounts now published

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.

The wage bill fell by £8m to £22m and according to the BBC article .

it’s £14m this year, which somehow makes the claim that we are the 6th largest wage payer in the division dubious at best , which a few people have already pointed out.

[Blueboo2]

Re: 2022-23 Accounts now published

Mehmet Dalman is the major shareholder of Torman Finance (most probably the only shareholder) which is registered in the Virgin Islands.

The link below from the Companies House website shows him as the only major shareholder

https://s3.eu-west-2.amazonaws.com/document-api-images-live.ch.gov.uk/docs/p17ikAuZW52vYuO4s4rnK0dtxF8GI9Tro6n8ZH9CxtQ/application-pdf?X-Amz-Algorithm=AWS4-HMAC-SHA256&X-Amz-Credential=ASIAWRGBDBV3CC6YJCMU%2F20240306%2Feu-west-2%2Fs3%2Faws4_request&X-Amz-Date=20240306T143539Z&X-Amz-Expires=60&X-Amz-Security-Token=IQoJb3JpZ2luX2VjEK3%2F%2F%2F%2F%2F%2F%2F%2F%2F%2FwEaCWV1LXdlc3QtMiJHMEUCIFnuM%2FUgg5xtq5GZo8aXm4bKMNCfIiGCGy8k3N%2F8u81QAiEAlo70T1u2HsDbRSC2cNFnbnwBr4E7RAPgS2pGg2wRDTkqxAUIpv%2F%2F%2F%2F%2F%2F%2F%2F%2F%2FARAFGgw0NDkyMjkwMzI4MjIiDP83pidmAjjGLVmtpSqYBQtGbrwD4h%2F4WK%2Fm9e%2FJSPuqpgxMiu4KtHTCyq5iiCWMjlTNWGFew2Eky0MDoKLC8qX4JvG62BiG0shkGGrCdNwkUIbnVmJ8xpM7spx29PDFiL7OtR4q9AX%2BKI5o1FCAqAlgUhX1mCgXjIGsK%2BvQCC97KnbiHR6xKgfsnPMsora1U9y0nAUU3Md7NstZZtiabFQX8N80pU5QZxVrnQkE6Tc3K%2B3tyWops%2B4mt1XoqegtlLCgOt%2FiGiFHqyzmaAs8R7KI6fNR4%2BRXS7%2BVhFSFOMFlw6tiLhJYbY3xsgRhTnygDvhiXyOETrvwlOnNTAq4YmLzQtC12EUK4dNWf4Lf7MLbGZ1b4qrMqzuPZikzqw0ogPhRxKIg3wpjfnIN84xpVPj7WXnEH0JyfJRc8fhleGDbRDxeo%2FzbqCcVN43eU1l5mSO6qWkuNZwOmFKGomhwxAAFC02juYtNmd35k%2BVrzQ8j5rq5e2ugxMz8gSP4RyFX7FXXQx%2Brw23ZrWA1idOU28dQeqSRF1ntta10ZKXgA5VlNd%2BVsxg4O7J4rlIZSFfycoPvacG8BY2SI%2BC9F3BrN7UenB%2Fynpjd%2FOjOGyBg4u5BT%2B6KMe%2BI01TE5WJkrWgQ72itwdOPPdOilJTlMX2YFhrG4QMWAs47D4eCHV6W17fNKs30gH2F8zSZAzA1czAjmCuaiyHd4QLzLnNfW35yzDIla1LfNkWCYHqvJSvPW%2FDkFV4NSLAlkDgZZBO509Tz2HICkVLoZc6tNjRyzkciVdP%2F0igB9%2B7HqdSi8eMiwAVfAZtL0bMxgPGR6RPCm2Tks5afBuc1aJrPBpv35gtb4TyEO6DhxTluaV6fpl9dx4N9tAliv%2F8L%2B7uDWWiy6ozMJ8aN4eBZSmowr8ahrwY6sQGV%2FiS0qbBoQXWmoZ%2FZCIeMlAVZ9esK1FmJ9QT%2B6LxRpyLzFQ5WVwas1o0RU9HV0SG9DlJgFo5kkdEKwOUPiX0mHLZKoRcrwgWdvyjjQ6lvgcPzCGkEMb69E2qI8P89wM%2B68oEN8S%2BsMKAqCuL3jWlJwO2jKl7m5hb%2FHRwj4RRkWMok2U9U85J08TcLz5qXfb3gKbQ0JI9zTW8of%2BnqENNaMy2iuSPAyUCTMfsu2m27c9Q%3D&X-Amz-SignedHeaders=host&response-content-disposition=inline%3Bfilename%3D%22OE002801_oe01_2022-11-01.pdf%22&X-Amz-Signature=335103876739b2ee1f78fbf577694061302f2132623e3db88e06c26c167a697c

[Cleve van Leef]

Re: 2022-23 Accounts now published

Thank you


And I know up to this current day it’s up to £100 mill our debt.

So 14-15 years later we are NO where near debt free??


We are now in debt to 3 different parties. Hmmmmmmmmmmmmm

[xsnaggle]

Re: 2022-23 Accounts now published

Any reference to the payout from the insurance company?

[jon1959]

Re: 2022-23 Accounts now published

Any reference to the payout from the insurance company?

The out of court settlement for professional negligence?

[Undercoverinwurzelland]

Re: 2022-23 Accounts now published

Any reference to the payout from the insurance company?

That was in September 2023 so will be in the next accounting period. (These ones only go up to the end of May 23)

[bluesp]

Re: 2022-23 Accounts now published

Perhaps most interesting is that a deal to lease the new training ground at Miskin is close to be signed. Shows a real commitment by VT and the club.

Miskin?? Not sure there’s much room here for that! Probably Hensol way?

[the other bob wilson]

Re: 2022-23 Accounts now published

The wage bill fell by £8m to £22m and according to the BBC article .

it’s £14m this year, which somehow makes the claim that we are the 6th largest wage payer in the division dubious at best , which a few people have already pointed out.

Yes, but the article says it was £14 million before the arrival of Ramsey and others - I feel our wage bill is quite a big bigger than it was last season, but I can’t see it’s to the extent that we’re the sixth biggest payers.

[BLUEAWAY TOO]

Re: 2022-23 Accounts now published

Two other key numbers
Sponsorship up by over £5m - where has that come from? Well done for achieving it.
Over £7m spent on players