Share Transfers Agreed/Cooling off period

[Saorsa]

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[Dashing Bob S]

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Excellent work



I like your friend. Sounds like a very nice person

I think there's certainly a demand for affordable city centre housing and such a development could give the down-at-heel Gorgie area a much needed boost.

[Prof. Shaggy]

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I think there's certainly a demand for affordable city centre housing and such a development could give the down-at-heel Gorgie area a much needed boost.

Alternatively there's a basement apartment in Ekaterinburg where Romanovs-fallen-on-hard-times are always welcome.

[Mikey]

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Here's the notice in the Edinburgh Gazette

http://www.edinburgh-gazette.co.uk/i...upplements/121

it says



Hearts are then listed as



Is that any help? I'm not clued up as some, I'm just passing the info on.

EDIT: looks like Green Ginger is right, that's a subsidiary. The football clubs company number is SC005863

So that confirms that it appeared on 25th January. If it is Hearts the football club, rather than one of the offshoots, would this be enough to trigger the 18 point penalty?

[green glory]

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So that confirms that it appeared on 25th January. If it is Hearts the football club, rather than one of the offshoots, would this be enough to trigger the 18 point penalty?

It would be enough to trigger soiled undergarments down Gorgie way.

[JimBHibees]

SC005863 HEART OF MIDLOTHIAN PLC
SC123225 HEART OF MIDLOTHIAN FOOTBALL CLUB LIMITED
SC123898 HEART OF MIDLOTHIAN PUBLISHING LIMITED
SC291956 HEART OF MIDLOTHIAN 2005 LIMITED
SP2597RS HEART OF MIDLOTHIA SUPPORTERS SOCIETY LIMITED

Here is the list of Heart of Midlothian companies at Companies House. Both the top two seem to have strike off proposals against them.

[Gus Fring]

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So that confirms that it appeared on 25th January. If it is Hearts the football club, rather than one of the offshoots, would this be enough to trigger the 18 point penalty?

As mentioned later, it is the Subsidiary. Hearts the football club do have one as well but that doesn't seem to have been published?

[CropleyWasGod]

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So that confirms that it appeared on 25th January. If it is Hearts the football club, rather than one of the offshoots, would this be enough to trigger the 18 point penalty?

No. Its not an insolvency event.

[greenginger]

It is company no. SC005863 that is the football club. The other companies are separate companies rather than subsideries but have dormant and allowed to expire.

I reckon it has been a maximum of 4 weeks since the strike-off notice appeared.

[Caversham Green]

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SC005863 HEART OF MIDLOTHIAN PLC
SC123225 HEART OF MIDLOTHIAN FOOTBALL CLUB LIMITED
SC123898 HEART OF MIDLOTHIAN PUBLISHING LIMITED
SC291956 HEART OF MIDLOTHIAN 2005 LIMITED
SP2597RS HEART OF MIDLOTHIA SUPPORTERS SOCIETY LIMITED

Here is the list of Heart of Midlothian companies at Companies House. Both the top two seem to have strike off proposals against them.

As greenginger says the PLC is the football club. The striking off proposal probably relates to non-submission of accounts which were due on 31 December 2012. Companies House would normally give at least six weeks before starting the striking off procedure and another three awaiting a response from the company - that takes us to the beginning/middle of March, so greenginger's four weeks looks about right. It's possible that the notice hasn't actually been advertised yet - did anyone actually see it in the Gazette?

The next two were incoporated in 1990 and are dormant. Their accounts aren't late yet, but the Annual Returns are more than a year overdue which is no doubt the reason for the proposal to strike off. FC's was advertised on 25 January and Publishing's was on 1 February.

HOM 2005 Ltd was intended to be the holding company for the football club but 'Mr Romanov' changed his mind and moved the shares to UBIG. The accounts for 2011 were due on 30 April 2012 and the Gazette notice was published on 16 November 2012. I assume there must have been an objection or it would have been struck off by now.

The supporters society is a mutual/friendly company governed by the FSA rather than Companies House and is almost certainly completely independent of the others.

[Caversham Green]

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Any chance of this replacing Hector in the avatar pics?

[CentreLine]

More importantly, have they been paid this month?

[#FromTheCapital]

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More importantly, have they been paid this month?

Nothing has been reported to suggest otherwise so yes they probably have been paid. There is no reason why they shouldn't be getting paid for the next few months at least. Their season tickets went on sale last month and they've sold about 5000 so far apparently, which probably works out at around £1m.

All of their troubles started showing when they couldn't pay the players but its at a much more advanced stage now. Players wages is the least of their problems.

[Dashing Bob S]

As I like to see an Edinburgh team doing well, I'm posting this because it hurts me -though only slightly- to see Hearts playing second best to Rangers in the financial incompetence and corruption stakes. On this sort of form, any other season they would expect to be easy winners, but in Green, Whyte etc, Rangers have shown the ability to pull financial Albert Kidd's out of the hat almost at will.

C'mon Vlad and the gang, up your game. I still believe.

[Green Blood]

http://www.lithuaniatribune.com/3481...ase-201334819/

Whilst its obvious that Romanov is clearly very dodgy, its good to see that not only will his business empire be dead but he could well be doing time!!! Fingers crossed

[greenginger]

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http://www.lithuaniatribune.com/3481...ase-201334819/

Whilst its obvious that Romanov is clearly very dodgy, its good to see that not only will his business empire be dead but he could well be doing time!!! Fingers crossed

I like the line,

" The process is not going to be short "

Exibit A for the prosecution, The Yams !

[StevieC]

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http://www.lithuaniatribune.com/3481...ase-201334819/

Whilst its obvious that Romanov is clearly very dodgy, its good to see that not only will his business empire be dead but he could well be doing time!!! Fingers crossed

I don't think that there's any doubt that working capital was subsidised by UKIO, and added to their debt, whilst large sums of money (Gordon transfer fee?) exited by the back door.

The will need legal assistance, and full access to HoMFC accounts, to be able to prove this .. and that isn't going to happen overnight.

[Treadstone]

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I like the line,

" The process is not going to be short "

Exibit A for the prosecution, The Yams !

I dinnae like that line.

Prefer words like swift, rapid, demise, certainty.

[Dashing Bob S]

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I dinnae like that line.

Prefer words like swift, rapid, demise, certainty.

The ongoing process has probably the biggest potential to wreck Hearts for good. If assets are frozen during an investigation that lasts for years and the club can't be financed by the existing owners, or sold off to new ones, then we have a potential Third Lanark situation.

[Sanger]

http://www.bloomberg.com/news/2013-0...y-request.html

[Sergey]

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The ongoing process has probably the biggest potential to wreck Hearts for good. If assets are frozen during an investigation that lasts for years and the club can't be financed by the existing owners, or sold off to new ones, then we have a potential Third Lanark situation.

The problem with selling to new owners is the lack of accounts. To date, the £22M figure that's being banded about as their current debt level could be miles off the mark, as that figure is almost 20 months old and the existing debt level could be far greater.

No accounts = No AGM. No sign of those pesky share certificates yet either.

#allisbarry assured them that the certificates would be sent out in March...then corrected himself to say that they would be sent out prior to their AGM in April. Someone's telling porkies.

[Mikey]

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#allisbarry assured them that the certificates would be sent out in March...then corrected himself to say that they would be sent out prior to their AGM in April. Someone's telling porkies.

Someone's telling him porkies and he's passing them on without questioning.

And that someone will be David Southern.

[#FromTheCapital]

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The problem with selling to new owners is the lack of accounts. To date, the £22M figure that's being banded about as their current debt level could be miles off the mark, as that figure is almost 20 months old and the existing debt level could be far greater.

No accounts = No AGM. No sign of those pesky share certificates yet either.

#allisbarry assured them that the certificates would be sent out in March...then corrected himself to say that they would be sent out prior to their AGM in April. Someone's telling porkies.

It's quite amazing how many different problems they have just now, I really can't see how it is possible for them to survive in their current state. The only option they have is FOH and that concept is never going to work for hearts. Plus its not even possible for anyone to take over while Romanov's assets are frozen. All of this plus the security issue with their decrepit old stadium that is long overdue a makeover even if they were to somehow hold on to it. Take a look on brokeback though and there's no mention of any problems. Their heads are so far underground that they will be making an appearance in Australia shortly.

Barry Anderson is basically the spokesperson for hearts, he reports whatever lies they tell him to. Quite annoying how his ugly ginger puss keeps popping up on my twitter every so often when someone has retweeted another one of his/hearts lies.

[CropleyWasGod]

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The problem with selling to new owners is the lack of accounts. To date, the £22M figure that's being banded about as their current debt level could be miles off the mark, as that figure is almost 20 months old and the existing debt level could be far greater.

No accounts = No AGM. No sign of those pesky share certificates yet either.

#allisbarry assured them that the certificates would be sent out in March...then corrected himself to say that they would be sent out prior to their AGM in April. Someone's telling porkies.

That is true, Sergey, but a much bigger problem is the fact that nothing can be sold at the moment. The longer that goes on, the less chance there is of any way out.

[weonlywon6-2]

The momentum towards the black hole continues !!!

taken from the BBC gossip section this morning,5th report down

http://www.bbc.co.uk/sport/0/football/22276616

[spike220]

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The momentum towards the black hole continues !!!

taken from the BBC gossip section this morning,5th report down

http://www.bbc.co.uk/sport/0/football/22276616

"Hearts owner Vladimir Romanov may be charged with embezzlement in Lithuania,
which could result in a seven-year jail sentence. (Daily Express)"

[Ozyhibby]

Ian Murray MP to front their takeover bid for fan ownership. A politician who once managed a pub.
As if they were not already up against it.

[Hibby Kay-Yay]

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"Hearts owner Vladimir Romanov may be charged with embezzlement in Lithuania,
which could result in a seven-year jail sentence. (Daily Express)"

From the same page:


"Edinburgh South MP Ian Murray is being lined up as the independent chairman of an umbrella body of Hearts supporters looking to take over the club. (Various)"

They can't take over anything just now whilst assets are frozen

[dangermouse]

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It's quite amazing how many different problems they have just now, I really can't see how it is possible for them to survive in their current state. The only option they have is FOH and that concept is never going to work for hearts. Plus its not even possible for anyone to take over while Romanov's assets are frozen. All of this plus the security issue with their decrepit old stadium that is long overdue a makeover even if they were to somehow hold on to it. Take a look on brokeback though and there's no mention of any problems. Their heads are so far underground that they will be making an appearance in Australia shortly.

Barry Anderson is basically the spokesperson for hearts, he reports whatever lies they tell him to. Quite annoying how his ugly ginger puss keeps popping up on my twitter every so often when someone has retweeted another one of his/hearts lies.

It certainly hasn't worked for the English team that wend down that route (Fleetwood I think) as they are staring administration in the face after their fans input dropped to around £1000 a month.

[#FromTheCapital]

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It certainly hasn't worked for the English team that wend down that route (Fleetwood I think) as they are staring administration in the face after their fans input dropped to around £1000 a month.

It will never work with hearts because of the huge amount of problems they have. Huge debt, crumbling stadium etc etc. The FOH solution to this is to get people to go on their website and 'pledge' up to £100 a month. This seems to be central to everything they hope to acheive and I know a lot of people on here have made pledges, I've made about 10 myself . They don't have enough money up front to get anything going or they would of done so a long time ago.