Newcastle now closed !!!

[scampispeedway]

It was well known in the North-East that they hung French monkey from a sailing ship was wrecked of the coast near Hartlepool.

They thought it was a spy and despite being in uniform it was tried and hung on the high steet so that everybody could see what

happened to all potential invaders 

Edited August 2, 2022 by scampispeedway

[ruffdiamond]

11 minutes ago, scampispeedway said:

They thought it was a spy and despite being in uniform it was tried and hung on the high steet so that everybody could see what

happened to all potential invaders 

A wonder if the accused offered a good defence?

[Aceslider]

On 8/1/2022 at 4:39 PM, TotallyHonestJohn said:

I put the accounts up a long while back for all the expert accountants out their to have their say and not a squeak... the silence has been deafening after all the "Bulls-Squirt" about Honest George and how he would never leave a £158k VAT bill as he was too honest for that... which we now all know is true... yet the information in the form of the last accounts was handed to these clowns on a plate and nothing...

You are spot on with your analogy and everything you have said is correct...

The Go Fund Me pot and Directors Loan account are one and the same I would suggest (until proved otherwise)... The Go Fund Me monies were spent however they have never been identified (yet) on any accounts? funny that eh? could it be that JER is saying the Go Fund Me monies were his and that he put that cash in? something that the cynic might put forward as an argument... as technically he did...we gave it to him and he put it into the club!!!  and what about the near £30k plus brought in for the last ever (sic) meeting at Brough Park against Brum? where is that or the "super duper" investment deal and sponsorship? All "Bulls-Squirt"

I think (but cant honestly remember) that the liquidator has to provide a closing set of accounts... those will make interesting reading especially with all the tractors; plant and gear that is being sold for cash in hand from the stadium... "Who said VAT" oops I mean that... "Who said That"

Roll up roll up Shale for Sale quid a bag...

Regards
THJ

Just as a matter of interest and perhaps posting as one of the "expert accountants out their (?).....", not that I profess to be an expert by any means, I do wish to make several observations of my own to add some degree of balance to the dialogue particularly as I make no apology for questioning some of the claims and accusations which were being levelled at George English in previous threads and posts on this forum.

Firstly, and just to remind myself if nothing else, it should be noted that the Liquidators final account for Newspeed 2003 Limited was made up to 1 July 2021 and that company was actually struck off from the company register on 7 December 2021. There is no mention whatsoever in the final account of any monies being received from a GoFundMe source even though this apparently started producing donations in June 2021 according to Steve Park. One presumes that these funds were received by Newcastle Diamonds Limited, although that is entirely conjecture on my part.

Secondly, the Liquidator made the following remarks in his final report -

"INVESTIGATION INTO THE AFFAIRS OF THE COMPANY

I undertook an initial investigation into the Company's affairs to establish whether there were any potential asset recoveries or conduct matters that justified further investigation, taking account of the public interest, potential recoveries, the funds likely to be available to fund an investigation, and the costs involved.

Within three months of my appointment as Liquidator, I am required to submit a confidential report to the Secretary of State to include any matters which have come to my attention during the course of my work which may indicate that the conduct of any past or present Director would make them unfit to be concerned with the management of the Company.

I would confirm that my report has been submitted."

In other words, the Liquidators report was filed on or before 1 July 2021 and the company was dissolved 6 months later without any objection it would seem from any creditors including HMRC for a massive £158K plus VAT debt.

So here we are in 2022 and there is still no definitive evidence in the public domain which would support any allegations of wrongdoing against former directors of Newspeed 2003 Limited. There is a list of corporate and personal tax defaulters published by HMGov which is regularly updated. This list includes details up to and including offences committed in 2021 for amounts considerably less than £158K. Nowhere can I see any reference whatsoever to either the company or individuals who were directors of that company.

So what am I missing? I hardly think HMRC are sufficiently compassionate to let off an individual who has deliberately and fraudulently underdeclared VAT revenue to the tune of £158K, so what can be the explanation that no one is apparently being held accountable for such a massive loss to the Treasury?

All in all it's a really sad state of affairs and I doubt we are ever going to hear the full story from official sources for reasons I know not why.

 

 

Edited August 2, 2022 by Aceslider

[Lioness]

15 hours ago, ruffdiamond said:

Did the guy have a French accent?

I was gonna ask if he had a canoe!

[TotallyHonestJohn]

28 minutes ago, Aceslider said:

So what am I missing? I hardly think HMRC are sufficiently compassionate to let off an individual who has deliberately and fraudulently underdeclared VAT revenue to the tune of £158K, so what can be the explanation that no one is apparently being held accountable for such a massive loss to the Treasury?

Well funny you should mention that and I have also been monitoring the HMRC website and not just for this one but for a client we done work for who were on the brink and owed our company money... we couldn't understand what had gone on because very similar to the Diamonds scenario this company went through non payment of VAT... Went pop then were miraculously brought back into being with the same directors and a slightly different company name... and to cut a very long story short the two directors in this case done a deal with HMRC to pay about 90k each off a 286k VAT underpayment... they got a 106k rebate off a bill by stumping up 180k between them... doesn't help us we got hit for 19k once we claimed back the VAT as bad debt... however and to come back to what we might be missing "has a deal been done" because it is the only way you would get away without being prosecuted... and you would never be able to find out unless someone was to freely offer the information...

Regards 

THJ

[StevePark]

11 hours ago, Aceslider said:

Firstly, and just to remind myself if nothing else, it should be noted that the Liquidators final account for Newspeed 2003 Limited was made up to 1 July 2021 and that company was actually struck off from the company register on 7 December 2021. There is no mention whatsoever in the final account of any monies being received from a GoFundMe source even though this apparently started producing donations in June 2021 according to Steve Park. One presumes that these funds were received by Newcastle Diamonds Limited, although that is entirely conjecture on my part.

 

 

 

Go to the link below, then, where it says "Supporters" below it hit the "see more" box continuously until you reach the bottom of the donations, date of the first donations are there:

https://justgiving.com/crowdfunding/newcastle-diamonds

[Winditon]

On 8/2/2022 at 10:59 PM, TotallyHonestJohn said:

Well funny you should mention that and I have also been monitoring the HMRC website and not just for this one but for a client we done work for who were on the brink and owed our company money... we couldn't understand what had gone on because very similar to the Diamonds scenario this company went through non payment of VAT... Went pop then were miraculously brought back into being with the same directors and a slightly different company name... and to cut a very long story short the two directors in this case done a deal with HMRC to pay about 90k each off a 286k VAT underpayment... they got a 106k rebate off a bill by stumping up 180k between them... doesn't help us we got hit for 19k once we claimed back the VAT as bad debt... however and to come back to what we might be missing "has a deal been done" because it is the only way you would get away without being prosecuted... and you would never be able to find out unless someone was to freely offer the information...

Regards 

THJ

Funnily enough i was thinking the other day is there going to be any prosecution against Mr English and whoever else?

[SteveLyric2]

Am I correct in thinking that BWD is fit to face again?

[KEITH M]

Newcastle Diamonds Ltd Annulled by SCB

Newcastle Diamonds Limited has been officially annulled by the Speedway Control Bureau after the non completion of the fixtures of the 2022 season and failure of the regulations relating to this matter, meaning that speedway racing on Tyneside has come to an unfortunate conclusion.

This means that British Speedway Promoters Ltd are now officially allowed to take control of all in house speedway affairs involving  Newcastle Speedway.

Newcastle Diamonds Limited have sought professional help to help bring the company to a conclusion.  All companies or personnel that had a vested interest in the company will be contacted in due course.

Newcastle Stadium has now had the majority of speedway assets moved from the site at the request of the landlords and the landlords have dismantled the safety fence.

With Speedway racing unlikely to take place at Newcastle in the near future it is with deep regret that this statement is almost certain to be our final.

Everyone involved at Newcastle Speedway would like to wish everyone all the very best and pray with everyone that Newcastle Speedway come back to the tapes either at Newcastle Stadium or a new venue.

[HectorRacing]

2 hours ago, KEITH M said:

Newcastle Diamonds Ltd Annulled by SCB

Newcastle Diamonds Limited has been officially annulled by the Speedway Control Bureau after the non completion of the fixtures of the 2022 season and failure of the regulations relating to this matter, meaning that speedway racing on Tyneside has come to an unfortunate conclusion.

This means that British Speedway Promoters Ltd are now officially allowed to take control of all in house speedway affairs involving  Newcastle Speedway.

Newcastle Diamonds Limited have sought professional help to help bring the company to a conclusion.  All companies or personnel that had a vested interest in the company will be contacted in due course.

Newcastle Stadium has now had the majority of speedway assets moved from the site at the request of the landlords and the landlords have dismantled the safety fence.

With Speedway racing unlikely to take place at Newcastle in the near future it is with deep regret that this statement is almost certain to be our final.

Everyone involved at Newcastle Speedway would like to wish everyone all the very best and pray with everyone that Newcastle Speedway come back to the tapes either at Newcastle Stadium or a new venue.

Doubt we will see our season ticket money, the entire way the club was ran by him was a disgrace, the lack of info to fans/etc. if you still are a fan of him, why? He didnt care one bit!  Id love to say how i really feel but i dont wanna be banned on here.

 

[KEITH M]

1 hour ago, HectorRacing said:

Doubt we will see our season ticket money, the entire way the club was ran by him was a disgrace, the lack of info to fans/etc. if you still are a fan of him, why? He didnt care one bit!  Id love to say how i really feel but i dont wanna be banned on here.

 

If any one knows different, feel free to say I am in the wrong. In the year and a half he had fixtures at Brough I only ever heard him speak to the fans twice.. Once to thank the fans for giving him thousands of pounds at the last meeting of last season( or words to that effect) and again this season to promise the fans 100% a new rider.. Which to be fair he did. A rider who openly hated the track and had 1 meeting ( not including abandonments)

[Racin Jason 72]

Why would the landlords remove the fencing. That doesn’t make sense at all. Why pay someone to remove it when they can remain where they are like they have for the previous 90 years. 
is this grant removing them so if anyone wanting to take over has extra expense   Now the company is kaput he won’t receive any money if he sells them 

[ruffdiamond]

20 minutes ago, Racin Jason 72 said:

Why would the landlords remove the fencing. That doesn’t make sense at all. Why pay someone to remove it when they can remain where they are like they have for the previous 90 years. 
is this grant removing them so if anyone wanting to take over has extra expense   Now the company is kaput he won’t receive any money if he sells them 

Maybe the fence was/will be removed to allow the dog racing to 'appear/look' cosmetically better on the TV channels?

Who wants to see a dirty old speedway track whilst watching dogs racing?

Edited August 4, 2022 by ruffdiamond

[Diamonds85]

5 minutes ago, ruffdiamond said:

Maybe the fence was/will be removed to allow the dog racing to 'appear/look' cosmetically better on the TV channels?

Who wants to see a dirty old speedway track whilst watching dogs racing?

Who wants to see dogs racing?

[ruffdiamond]

22 minutes ago, Diamonds85 said:

Who wants to see dogs racing?

Dunno,,, ask someone at the bookies.

Ad bet it's a couple more than want to watch speedway. 

Edited August 4, 2022 by ruffdiamond

[soupy]

52 minutes ago, Racin Jason 72 said:

Why would the landlords remove the fencing. That doesn’t make sense at all. Why pay someone to remove it when they can remain where they are like they have for the previous 90 years. 
is this grant removing them so if anyone wanting to take over has extra expense   Now the company is kaput he won’t receive any money if he sells them 

Never heard of cash in hand.

[Diamondboy]

1 hour ago, Racin Jason 72 said:

Why would the landlords remove the fencing. That doesn’t make sense at all. Why pay someone to remove it when they can remain where they are like they have for the previous 90 years. 
is this grant removing them so if anyone wanting to take over has extra expense   Now the company is kaput he won’t receive any money if he sells them 

So you say the landlords have removed the fence? Then you say it’s Grant? They are not the same business so ???

[Racin Jason 72]

49 minutes ago, Diamondboy said:

So you say the landlords have removed the fence? Then you say it’s Grant? They are not the same business so ???

The statement says the landlord has removed the fence but is it the landlord who removed it ????? 
I don’t know the answer but something doesn’t add up to me. 

[Diamondboy]

33 minutes ago, Racin Jason 72 said:

The statement says the landlord has removed the fence but is it the landlord who removed it ????? 
I don’t know the answer but something doesn’t add up to me. 

That post/statement says the landlord removed the fence, not Grant, Grant can hang himself without others suggesting that he has done something he obviously hasn’t according to that post/statement.

[Racin Jason 72]

1 minute ago, Diamondboy said:

That post/statement says the landlord removed the fence, not Grant, Grant can hang himself without others suggesting that he has done something he obviously hasn’t according to that post/statement.

But who wrote that statement ?