How Accies have been paid any substantial sponsorship monies since the deal was signed will be another interesting question for the next Forum!!
porcupine wrote:Superseal's two year deal for £550K was signed on July 2016 with a big media launch. Once again, it looks as if the Club might be short of cash flow, with possible unpaid sponsorship monies, even though this main stadium sponsorship deal would have expired in August of this year anyway.
Having looked at the latest accounts of Superseal Home Improvements Ltd which, from what you say, are the Club's main sponsors, this company's October 2015 accounts were available for all to see in August 2016. Only a month after the 'Big Sponsorship Launch' those accounts showed only £43K of shareholders funds, although previous year's 2014 had £320K of shareholders funds. If any diligence was carried out by Accies, it may have been on that 2014 balance sheet. It is indisputable however, that on 25 Aug 2017, this company was apparently insolvent in 2016, with their 2016 accounts showing a deficit of £19K.
The recent events surrounding the Club's bank account scam would not convince me that due diligence on a sponsor would be a big consideration to some of those in charge. However, they may have originally looked at a historical balance sheet, which showed a different picture to that where significant trading /accounting changes then took place in this company between 2014 & 2015. How Accies have been paid any substantial sponsorship monies since the deal was signed will be another interesting question for the next Forum!!
Might not be all bad news, TT. Sponsors get match tickets for all games. Some sponsors tickets for Cellik/Sevco games at Accies may have passed through more than one pair of hands resulting in all those troublesome Away fans ending up in the Home end. This winding-up might reduce problems at the next Celtic game
I stand corrected Outside the Old Firm i think all Premiership clubs find it hard to attract decent sponsors. There are a couple of major banks with a significant presence up at the technolgy park e.g. HSBC but like you I’m not sure our recent history and Mcgowans continued campaign against RBS helps.Not last year, TT, it was in 2016
Users browsing this forum: No registered users and 2 guests