Takeover

[Fulham Fallout]

This piece by Steve Madeley is well worth a read.

Our predicament

Bit confused at the level of MSD dept ? Is it £27m or £27m + an additional loan taken out in December.

£20m plus the additional loan. 


We will get to discover the value of the additional loan, when the accounts to 30th June 2023 are published on companies house website (around start of April).

I’m probably being thick but why would a loan taken out in December 2023 appear in the accounts to June 2023?

I was waiting for someone to ask .  Fair play for asking. 

Material post balance sheet events (occurring after the date the accounts are made up to) are mentioned in the accounts, even though they are not included in the profit & loss nor balance sheet.

The initial £20m MSD loan is mentioned in the accounts to 30th June 2022 and yet was taken out months after june 2022.