I have copies of the Boston United Football Club Ltd and Lavaflow Ltd accounts if anyone's interested.
The debt isn't owed to Lavaflow, but the debt each year does seem to increase by roughly the loss we made the previous year. Presumably these are therefore Chairman's loans...? I know Nigel Doughty has the same accounting methods at Forest but doesn't expect the loan to be repayed.
Obviously the financial situation is always going to be a concern when we are reliant upon two good men to keep us afloat, but I think we can trust that the Chestnut's are doing their best to keep the club on the straight and narrow.
The debt increase is smaller every year, This would add up to it been chairman,s loans to bridge the short fall each season, As a Bufc fan we have to be happy for to things.
1, He has been willing to do this for the past 3 or 4 season
2, Throu there hard work the amount as been less each year.
Now the down side.
Blind eye to finance or not but there is still a amount and im guessing there will be again this season.
While this is happening one as to think how long will it happen for.
Not much longer i feel,
I watch my wife's Buisness accounts very (Due to me financing the set up and early running of it). We have already made a loss in wich i have covered out my pocket.
We have set out a 3 year plan to bring the buisness to break even at a min or we will be shutting it down.
I fear a similer plan is in place a boston united.