TVR's annual accounts
Discussion
TVR Engineering's financial statements for the year ended 31 December 2001 are now overdue -they should have been filed with Companies House by 31 October.
I was interested to see how the company was fairing financially in these recessionary times - with some of TVR's customer base (City and IT types) suffering more than most.
Anyone know what's happening with these?
I was interested to see how the company was fairing financially in these recessionary times - with some of TVR's customer base (City and IT types) suffering more than most.
Anyone know what's happening with these?
TVR Engineering's financial statements for the year ended 31 December 2001 are now overdue -they should have been filed with Companies House by 31 October.
I don't know what you are trying to infer by this statement but I think you should be very careful as to what you are saying on an internet chat page.
>> Edited by p7ulg on Thursday 28th November 10:33
p7ulg said:
TVR Engineering's financial statements for the year ended 31 December 2001 are now overdue -they should have been filed with Companies House by 31 October.
I don't know what you are trying to infer by this statement but I think you should be very careful as to what you are saying on an internet chat page.
>> Edited by p7ulg on Thursday 28th November 10:33
Easy p7ulg - who rattled your cage this morning?!
I'm not inferring, I'm stating that TVR Engineering's 2001 accounts are late.
Company law requires them to file their statutory accounts within 10 months of their year end. Companies House's website shows that this year's accounts are overdue. But as Davidy says, there could be a delay at Companies House in upfdating their website.
There isn't a grace period by the way, but you can apply for a filing extension.
I'm really not sure what your concern is about me posting this? It is all publicly available information.
But as you seem worried, I have just phoned Companies House to check. The 2001 accounts have not been filed, nor has the company applied for an extension. They are in default (Co House words, not mine) and the company will be fined.
I have made no suggestion there is anything sinister going on. This is all statement of (public) fact.
I'm just interested in the financial position of TVR. ALbeit by the time I get to look at it the information they file will be almost a year old, so not particularly helpful.
ah good old ICC, used to work with them a lot.
Companies house is very slow, and then you have to add time for the data vendors like ICC & D&B to load the data, and since I belive ICC laods the data for companies house you may have a further lag in the process.
David
Companies house is very slow, and then you have to add time for the data vendors like ICC & D&B to load the data, and since I belive ICC laods the data for companies house you may have a further lag in the process.
David
griff2be said: I use Juniper rather than Co House - but agree there could be some delay. TVR left it to the last minute last year, filing towards tyhe end of Oct 2001.
griff2be said:
p7ulg said:
TVR Engineering's financial statements for the year ended 31 December 2001 are now overdue -they should have been filed with Companies House by 31 October.
I don't know what you are trying to infer by this statement but I think you should be very careful as to what you are saying on an internet chat page.
>> Edited by p7ulg on Thursday 28th November 10:33
Easy p7ulg - who rattled your cage this morning?!
I'm not inferring, I'm stating that TVR Engineering's 2001 accounts are late.
Company law requires them to file their statutory accounts within 10 months of their year end. Companies House's website shows that this year's accounts are overdue. But as Davidy says, there could be a delay at Companies House in upfdating their website.
There isn't a grace period by the way, but you can apply for a filing extension.
I'm really not sure what your concern is about me posting this? It is all publicly available information.
But as you seem worried, I have just phoned Companies House to check. The 2001 accounts have not been filed, nor has the company applied for an extension. They are in default (Co House words, not mine) and the company will be fined.
I have made no suggestion there is anything sinister going on. This is all statement of (public) fact.
I'm just interested in the financial position of TVR. ALbeit by the time I get to look at it the information they file will be almost a year old, so not particularly helpful.
Personnaly I just like driving and owning my TVR.I am not terribly worried about whether TVR have posted their accounts on time or not! What was the point of the thread ? Did you check the company accounts of the people who made your washing machine?
>> Edited by p7ulg on Thursday 28th November 12:39
[Personnaly I just like driving and owning my TVR.I am not terribly worried about whether TVR have posted their accounts on time or not! What was the point of the thread ? Did you check the company accounts of the people who made your washing machine?
>> Edited by p7ulg on Thursday 28th November 12:39
If I have to buy a new washing machine because the manufacturer ceased to exist and supply of spares dried up, I wouldn't be overly concerned. So not interested in their accounts, no.
TVR is a small privately owned company and trading conditions have been difficult. I would be very upset if they ceased trading (as I suspect, would you) - and as an accountant I was simply interested in seeing their latest accounts. Which should now be a matter of public record but unfortunately are not.
No subtext. No suggestion of anything untoward.
'Nuff said?
TVR is a small privately owned company and trading conditions have been difficult. I would be very upset if they ceased trading (as I suspect, would you) - and as an accountant I was simply interested in seeing their latest accounts. Which should now be a matter of public record but unfortunately are not.
No subtext. No suggestion of anything untoward.
'Nuff said?
No wonder my accountancy bills are so high! If accountants spend their time looking up accounts for TVR and ringing company house.I assumed that the reasoning for your thread was the threat of TVR diappearing.While I love my TVR I am not really that wrapped up with them that I need to monitor their Financial welfare.If TVR went tomorrow Life would have to go on ( albeit a little less exciting).
>> Edited by p7ulg on Thursday 28th November 13:43
Hundreds if not thousands of companies are late in filing their accounts - I worked as an underwritter for a commercial credit insurer, poor balance sheets, late filing of accounts etc. all taken into consideration. Late filing is not always due to the company having a poor financial state. As has already been said getting the accounts into the system once submitted takes an age with things moving at glacial speed.
Starting a thread on this topic about TVR is IMO a total waste of time
Lets keep threads to what matters and not to potential conjecture 
There thats me 2 pence worth.
Edited to say I'd say listen to a souce close to the heart of things i.e. Gaffer
>> Edited by d_drinks on Thursday 28th November 14:20
Starting a thread on this topic about TVR is IMO a total waste of time
Lets keep threads to what matters and not to potential conjecture There thats me 2 pence worth.
Edited to say I'd say listen to a souce close to the heart of things i.e. Gaffer
>> Edited by d_drinks on Thursday 28th November 14:20
There once was a story about Hong Kong, where everyone from Managing Directors to road sweepers dable in shares.There was a bus stop outside a small independent bank,one day the bus was late.Somebody passing saw the large queue building up outside.When they got into work they told their workmate that their was a huge queue outside the bank.By lunchtime the rumour was that the bank was going bust and the queue outside was everyone waiting to get their money out.So then people started to go to the bank to get their money before it collapsed.By end of play that day the bank had gone bust!
While I am sure this thread will not have this effect on TVR I think you will all get the gist of the story.
>> Edited by p7ulg on Thursday 28th November 14:37
While I am sure this thread will not have this effect on TVR I think you will all get the gist of the story.
>> Edited by p7ulg on Thursday 28th November 14:37
It's always possible that people are just interested
in how much money the directors (4) took out
as salary last year... in one of the boom years
PW took out 4M vs 52M turnover.
Just recouping his pension money I guess (refer to the
TVR top gear story about him investing his 'modest'
pension in TVR in 1982..).
in how much money the directors (4) took out
as salary last year... in one of the boom years
PW took out 4M vs 52M turnover.
Just recouping his pension money I guess (refer to the
TVR top gear story about him investing his 'modest'
pension in TVR in 1982..).
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