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Post by Steve T on Feb 25, 2013 15:06:10 GMT 1
Jed formed a new company Banbury United FC Ltd, so did not take over the old company. Wouldn't there have to have been a transfer of assets i.e. the two nominal shares? Or has the original Banbury United Development Limited been wound up? If not, there are two companies in existence that can claim to be Banbury United FC. Any experts in company law care to comment?
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Post by ianb on Feb 25, 2013 15:39:36 GMT 1
If Jed took over you would assume that assets would be transeferred, but looking at Companies House, Banbury United Developments Ltd is still trading and will be required to submit accounts to companies house, once these have been submitted the company could be dissolved but that is a matter for Barry and the football clubs old accountants to resolve. Technically you can have similar named companies open, the old company could still be trading or dormant and be open at Companies House. Jed formed a new company Banbury United FC Ltd, so did not take over the old company. Wouldn't there have to have been a transfer of assets i.e. the two nominal shares? Or has the original Banbury United Development Limited been wound up? If not, there are two companies in existence that can claim to be Banbury United FC. Any experts in company law care to comment?
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Post by porternigel on Feb 25, 2013 16:56:23 GMT 1
The set up prior to the takeover was... The club traded as, Banbury United Development Ltd, Banbury United (1996) held the two nominal shares in Banbury Development Ltd, the lease of the ground was in the name of Banbury United (1996) Directors were, Barry Worsley, Richard Cox, David Bennett. Both companies submitted accounts to company house.
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Post by puritanical on Feb 25, 2013 18:16:07 GMT 1
We were told that Jed would not be at the match on Saturday. Now I know why. Weird thing on Saturday was stopping at a service station for a break and finding ourselves parked up next to a coach from Swindon Never saw Jed on there though ;D
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Post by puritanical on Feb 25, 2013 19:42:20 GMT 1
Just saw Jed on South Today talking about his desire to take Swindon forward and achieve promotion.
Of course there was no mention of us.
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Post by M Greenway on Feb 25, 2013 20:35:10 GMT 1
Personally I can't think of anyone I'd rather have in charge at Sw**don.
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Post by didier on Feb 25, 2013 22:32:23 GMT 1
Just saw Jed on South Today talking about his desire to take Swindon forward and achieve promotion. Of course there was no mention of us. Just watched 7 minutes of Jed's interview on the Swindon official site - probably a good job you don't all have access to it but it has to be borne in mind if you see or hear any of it that the interview was to suit Swindon's purpose.
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Post by Sparky on Feb 25, 2013 23:05:30 GMT 1
Still does'nt alter the fact that it looks as if we are going to be dumped.
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Post by Sparky on Feb 25, 2013 23:23:17 GMT 1
Didier, in reply to your last post which has vanished,That is an understatement'
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Post by didier on Feb 25, 2013 23:32:27 GMT 1
Didier, in reply to your last post which has vanished,That is an understatement' Yep, posted it and it looked like the winner of the "2013 state the bleedin' obvious Award" so ..... ! Whilst the future may appear bleak, there are some good people around the Club and Jed has a responsibility but also he'll be very aware that sending Banbury in to oblivion would not perhaps be the wisest thing for him to do bearing in mind his new position - it'd be nice to hear from Jed sooner rather than later though that's for sure !
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Post by redduke64 on Feb 25, 2013 23:35:26 GMT 1
Just read some comments on the swindon forums,to say their underwhelmed with the consortium is an understatement...
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Post by roymold on Feb 26, 2013 0:30:37 GMT 1
Read the forum today and suggest that fans wait for Jed to make a statement. Spoke to Jed and was told he is not leaving. But accordig to FA source forms were filled in wrong and Paul Jones is still named as Chairman. Well done Nigel.
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Post by idontknow on Feb 26, 2013 0:33:59 GMT 1
why should anyone beleive what jed has to say ??
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Post by geoff on Feb 26, 2013 9:57:48 GMT 1
Soooo much speculation and chat from all, including me. The forum is for dedicated fans.
BUT NOW WE NEED STATEMENTS IN THE GUARDIAN ON THURSDAY FROM JED AND BARRY/ PAUL TO LET US KNOW WHAT IS GOING ON AND WHO IS NOW IN CHARGE
Over to you Steve
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Post by Keith R. on Feb 26, 2013 10:46:45 GMT 1
Think this years AGM is going to be interesting to say the least
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