Stuart France
Active member
The following data can be gleaned from the latest accounts of the Pathfinder group of companies filed at Companies House. I am not an accountant, but I was in school on the day that negative numbers were explained.
Fathfinder Systems Ltd is a dormant company with fixed assets of ?100K believed to represent the notional value of bespoke software it owns, plus current assets of ?20K. On the negative side its creditors ?120K which leaves the capital and reserves at ?121 (that's pounds not thousands - it buys two tanks of petrol).
Blah D Blah Design Ltd has fixed assets of ?6K, stock ?16K, debtors owe it ?326K, and it has ?1 in cash or in the bank (this buys two second class postage stamps). Creditors are shown at ?295K, which leaves net assets of ?53K. This is the company that has entered into a non-trading Company Voluntary Arrangement (CVA) according to media reports.
Tahdah Verified Ltd has fixed assets of ?4K, current assets ?20K, creditors ?210K. Net assets stand at minus ?186K, capital and reserves are minus ?236K. The company's accounts don't show what is in the bank. It has extended its accounting period (thus postponed filing its accounts) twice. This is the company that BCA has been thinking of dealing with.
Combine these companies' reserves or net worth and the answer comes to less than nothing.
It seems all the people on BCA Executive are current or former directors of companies. How can experienced people allow themselves to be persuaded to recommend investing BCA funds, and in so doing hazard the future of BCA Cave Leader/Instructor training, on such as this?
I suggest a new thread to discuss BCA cave instructor training. It is in a mess, but it is a redeemable mess as the number of LCLs and CICs is modest. It doesn't need big bucks to sort out, but it does need the various factions to embrace goodwill and an outbreak of common sense.
Fathfinder Systems Ltd is a dormant company with fixed assets of ?100K believed to represent the notional value of bespoke software it owns, plus current assets of ?20K. On the negative side its creditors ?120K which leaves the capital and reserves at ?121 (that's pounds not thousands - it buys two tanks of petrol).
Blah D Blah Design Ltd has fixed assets of ?6K, stock ?16K, debtors owe it ?326K, and it has ?1 in cash or in the bank (this buys two second class postage stamps). Creditors are shown at ?295K, which leaves net assets of ?53K. This is the company that has entered into a non-trading Company Voluntary Arrangement (CVA) according to media reports.
Tahdah Verified Ltd has fixed assets of ?4K, current assets ?20K, creditors ?210K. Net assets stand at minus ?186K, capital and reserves are minus ?236K. The company's accounts don't show what is in the bank. It has extended its accounting period (thus postponed filing its accounts) twice. This is the company that BCA has been thinking of dealing with.
Combine these companies' reserves or net worth and the answer comes to less than nothing.
It seems all the people on BCA Executive are current or former directors of companies. How can experienced people allow themselves to be persuaded to recommend investing BCA funds, and in so doing hazard the future of BCA Cave Leader/Instructor training, on such as this?
I suggest a new thread to discuss BCA cave instructor training. It is in a mess, but it is a redeemable mess as the number of LCLs and CICs is modest. It doesn't need big bucks to sort out, but it does need the various factions to embrace goodwill and an outbreak of common sense.