New floating charge

[Kano Kirsty]

Can anyone tell me what this means?

https://find-and-update.company-information.service.gov.uk/company/SC005323/filing-history

[CapitalGreen]

https://www.hibs.net/showthread.php?357387-Ron-Gordon-answers-fans-questions-after-the-sacking-of-Shaun-Maloney/page7

Half way down the page.

[Kano Kirsty]

https://www.hibs.net/showthread.php?357387-Ron-Gordon-answers-fans-questions-after-the-sacking-of-Shaun-Maloney/page7

Half way down the page.

Thank you CG. Still don’t understand the real terms but is it something to be concerned about?

[007]

Thank you CG. Still don’t understand the real terms but is it something to be concerned about?

No it isn't. Who told you about it?

[Kano Kirsty]

No it isn't. Who told you about it?

Someone trying to wind me up on a WhatsApp chat and I have no idea what it means!

[Mikey]

Someone trying to wind me up on a WhatsApp chat and I have no idea what it means!

Either does the person winding you up.

[MyJo]

There was an existing standard security charge against the stadium and training ground because those are fixed assets ie property.

A floating charge seems to be a wider security on non-fixed assets encompassing the entire club.

It basically means the club can borrow from them as a lender and the assets are used as collateral against the club defaulting.

In terms of a football club would non-fixed assets potentially include the players? We have sellable assets in the form of Porteous, Doig & Nisbet who the club value anywhere up to £10m collectively.

Could this be a means to allow the club to borrow money to finance summer recruitment secured against the fees we are expecting for those players either this summer or in the future?

[CropleyWasGod]

There was an existing standard security charge against the stadium and training ground because those are fixed assets ie property.

A floating charge seems to be a wider security on non-fixed assets encompassing the entire club.

It basically means the club can borrow from them as a lender and the assets are used as collateral against the club defaulting.

In terms of a football club would non-fixed assets potentially include the players? We have sellable assets in the form of Porteous, Doig & Nisbet who the club value anywhere up to £10m collectively.

Could this be a means to allow the club to borrow money to finance summer recruitment secured against the fees we are expecting for those players either this summer or in the future?

There already was a floating charge, in Bydand's favour, over the assets. I'm not sure what the difference is between that one and this one.

[007]

Someone trying to wind me up on a WhatsApp chat and I have no idea what it means!

Exactly. Hearts fans at the wind up. Why would you believe them? Far too many on here are too easily taken in and influenced by Jambo BS.

They were all suckered in by Romanov so how would they all of a sudden become financial experts when they couldn't even see what was going on under their noses at their own club? Go and ask them why Budge still needs to have charges over Tynecastle and all of their assets now that she's handed over ownership to the fans. It's a very straightforward answer, as is the answer as to why RG has the same with us but I bet they probably aren't able to answer it.

[ben johnson]

It’s the same floating charge that Bidco hold over our dear neighbours. When they start talking about our demise remind of this and the fact we have 7 million in the bank.

[Mrimbetween]

If £7 million is banked and there to spend all good i say

No worries at all

[ben johnson]

These are the main points from a friend who knows what he is talking about :

Unarguable sample responses if you’re in responding mood :

£6.9m in the bank doesn’t look like distress
HMFc in net debt
HFC don’t rely on bail outs, HMFC sunk without them
The floating charge held by the owner is the same as HMFCs owner holds

The big financial bonus from Europe next season is no better than Boyle’s fee
No one queuing up to buy one of HMFC’s finest for any serious money

[Stuart93]

If £7 million is banked and there to spend all good i say

No worries at all

It’s not there to spend, I’m sure the money in the bank in the accounts is cash used to run the club. Sure someone can correct me if I’m wrong though

[ahibby]

These are the main points from a friend who knows what he is talking about :

Unarguable sample responses if you’re in responding mood :

£6.9m in the bank doesn’t look like distress
HMFc in net debt
HFC don’t rely on bail outs, HMFC sunk without them
The floating charge held by the owner is the same as HMFCs owner holds

The big financial bonus from Europe next season is no better than Boyle’s fee
No one queuing up to buy one of HMFC’s finest for any serious money

Are their most valuable players not all loanees, exception Gordon but he is getting on. Neilson begging for the to reinvest Europe money back into the squad tells me he doesnt trust that it will be.

[ahibby]

It’s not there to spend, I’m sure the money in the bank in the accounts is cash used to run the club. Sure someone can correct me if I’m wrong though

So its for spending then.

[Lago]

So its for spending then.
Touché 😁

[JohnM1875]

Are their most valuable players not all loanees, exception Gordon but he is getting on. Neilson begging for the to reinvest Europe money back into the squad tells me he doesnt trust that it will be.

Their prized asset signed a pre-contract with Rangers in January. So they're getting nothing for him.

They do have that Baningime and Devlin which could be worth money down the line. But nowhere near Boyle levels.

Their next big amount will be if Hickey moves for big money.

[Mrimbetween]

Right now most clubs outside the two cheeks would love to have the money they have coming in

That aside £7million to play with has a nice feeling to it

[007]

These are the main points from a friend who knows what he is talking about :

Unarguable sample responses if you’re in responding mood :

£6.9m in the bank doesn’t look like distress
HMFc in net debt
HFC don’t rely on bail outs, HMFC sunk without them
The floating charge held by the owner is the same as HMFCs owner holds

The big financial bonus from Europe next season is no better than Boyle’s fee
No one queuing up to buy one of HMFC’s finest for any serious money

There is a case to argue that Hearts don't rely on handouts (or bailouts as you put it) because if they weren't getting them then they wouldn't be spending them. I say to that argument, they've wasted an awful lot and imagine how bad they would have been in the last 8 years without the handouts, they'd probably be a Championship team. It's only this season that they've actually achieved being an okay team.

My opinion is that they are heavily reliant on donations, be it from fans or Anderson, and as such are pretty much a charity organisation. Any Jambos that start boasting about their money don't like it when I call them a charity.

[#2 Double Tap]

There is a case to argue that Hearts don't rely on handouts (or bailouts as you put it) because if they weren't getting them then they wouldn't be spending them. I say to that argument, they've wasted an awful lot and imagine how bad they would have been in the last 8 years without the handouts, they'd probably be a Championship team. It's only this season that they've actually achieved being an okay team.

My opinion is that they are heavily reliant on donations, be it from fans or Anderson, and as such are pretty much a charity organisation. Any Jambos that start boasting about their money don't like it when I call them a charity.

try spelling tyne, tiny instead, they really bite hard with that one.

[ben johnson]

There is a case to argue that Hearts don't rely on handouts (or bailouts as you put it) because if they weren't getting them then they wouldn't be spending them. I say to that argument, they've wasted an awful lot and imagine how bad they would have been in the last 8 years without the handouts, they'd probably be a Championship team. It's only this season that they've actually achieved being an okay team.

My opinion is that they are heavily reliant on donations, be it from fans or Anderson, and as such are pretty much a charity organisation. Any Jambos that start boasting about their money don't like it when I call them a charity.
It’s a fair point but they do have a track record of spending money they don’t have and it goes back to the pie man in 98
So perhaps they would have ploughed on regardless of donations as they have a lot of previous in that field.

[Mrimbetween]

There is a case to argue that Hearts don't rely on handouts (or bailouts as you put it) because if they weren't getting them then they wouldn't be spending them. I say to that argument, they've wasted an awful lot and imagine how bad they would have been in the last 8 years without the handouts, they'd probably be a Championship team. It's only this season that they've actually achieved being an okay team.

My opinion is that they are heavily reliant on donations, be it from fans or Anderson, and as such are pretty much a charity organisation. Any Jambos that start boasting about their money don't like it when I call them a charity.

No doubt at all they have *****ed funny money nae luck


But now its a different ball game for them now like it or not

They are in the asendancy with what 3rd place offers and thats the goal and aim for me

Right now a big ask but thats what we have to go for

Honest i hate to admit it but for the next season Tyne will be packed and ST's flowing out the door and all the other goodys that go with it

Lets get 3rd place sorted next season and see the wind of change i say that should be the aim

[#2 Double Tap]

No doubt at all they have *****ed funny money nae luck


But now its a different ball game for them now like it or not

They are in the asendancy with what 3rd place offers and thats the goal and aim for me

Right now a big ask but thats what we have to go for

Honest i hate to admit it but for the next season TINY will be packed and ST's flowing out the door and all the other goodys that go with it

Lets get 3rd place sorted next season and see the wind of change i say that should be the aim

packed cause its tiny, its only packed cause its tiny, packed cause its tiny.:na na: