2 million cash pumped into the business in return for shares. Reported at companies house.

Edited December 6, 20214 yr by Mounts Kipper

11 minutes ago, meanderson93 said:

I assumed you'd meant a home she had up here. Not sure how selling a house 200 miles away would be relevant to her interest or ability to run BWFC. If anything, you could suggest she might be moving closer.

You might well be right.

The thought simply occurred to me that Sharon, now nearing 60th birthday, looking to move house at exactly the same time that FV have drawn a line under previous share holdings and start afresh, as well as Sharon achieving her stated aim of getting us promoted, (and she said when she took us over that her plan was only to be here for three years) would all seem to present a perfect time for stepping back (or fully away) from the club and go put her feet up and live on a Caribbean island or whatever she would like to do.

I'm not saying she will do so, merely that if it was in her mind to do so, now would be the perfect time to do it.

Wouldn't you agree?

She could buy her own Sun drenched island if she's cracks on for another few seasons and gets into the Premier League.

She didn't sound like she was ready to back away after play off final.

The yanks are coming

2 hours ago, Sluffy said:

Her family home in Buckinghamshire.

she has a House in Westhoughton

up here

2 minutes ago, little whitt said:

she has a House in Westhoughton

up here

Do you mean up Ear?

Thank you, I didn't know but fully expected that she had some sort of residence in the area (bought or rented) by now being nearly seven years on from when she bought the club.

Obviously I've no idea what her plans may be but it just seemed her original intention was to get us into the Championship (and presumably leave us in the hands of a new decent owner, to then take us further).

If so she's just achieved that, the Swiss seem to have the financial wherewithal to fund us in the Championship (I believe they've probably just put £18m into the club despite what Iles is reporting - and that the new documents at Companies House are basically squaring off all the previous shareholders and starting afresh with the Swiss becoming the new owners (unless Sharon, James, etc partake and reinvest into the £18m new investment also).

I might well be wrong about Sharon but it would be the most perfect timing for her to bow out at the very top, if she chose to - would it not?

As for the accounts, again I could be wrong but clearly based on the previous information filed at CH you can't reduce the last reported Capital amount of £12m down to £18m - something, somewhere isn't right I would strongly suggest.

59 minutes ago, W.cramp said:

The yanks are coming

This, or something like it. Sharon has said they'll need more funds to compete in the championship so surely it's more likely more investment/funds to give us a chance of staying (or going) up!

41 minutes ago, Sluffy said:

Do you mean up Ear?

Thank you, I didn't know but fully expected that she had some sort of residence in the area (bought or rented) by now being nearly seven years on from when she bought the club.

Obviously I've no idea what her plans may be but it just seemed her original intention was to get us into the Championship (and presumably leave us in the hands of a new decent owner, to then take us further).

If so she's just achieved that, the Swiss seem to have the financial wherewithal to fund us in the Championship (I believe they've probably just put £18m into the club despite what Iles is reporting - and that the new documents at Companies House are basically squaring off all the previous shareholders and starting afresh with the Swiss becoming the new owners (unless Sharon, James, etc partake and reinvest into the £18m new investment also).

I might well be wrong about Sharon but it would be the most perfect timing for her to bow out at the very top, if she chose to - would it not?

As for the accounts, again I could be wrong but clearly based on the previous information filed at CH you can't reduce the last reported Capital amount of £12m down to £18m - something, somewhere isn't right I would strongly suggest.

I see the document have been posted on companies house now. Does this change your opinion on what this all could be? Or still on the same thoughts as you posted yesterday?

Edited June 23Jun 23 by Jcookie

As a financially illiterate I appreciate the explanations and speculation Sluffy

1 hour ago, Sluffy said:

Do you mean up Ear?

Thank you, I didn't know but fully expected that she had some sort of residence in the area (bought or rented) by now being nearly seven years on from when she bought the club.

Obviously I've no idea what her plans may be but it just seemed her original intention was to get us into the Championship (and presumably leave us in the hands of a new decent owner, to then take us further).

If so she's just achieved that, the Swiss seem to have the financial wherewithal to fund us in the Championship (I believe they've probably just put £18m into the club despite what Iles is reporting - and that the new documents at Companies House are basically squaring off all the previous shareholders and starting afresh with the Swiss becoming the new owners (unless Sharon, James, etc partake and reinvest into the £18m new investment also).

I might well be wrong about Sharon but it would be the most perfect timing for her to bow out at the very top, if she chose to - would it not?

As for the accounts, again I could be wrong but clearly based on the previous information filed at CH you can't reduce the last reported Capital amount of £12m down to £18m - something, somewhere isn't right I would strongly suggest.

Your ambition is far too low!

Look what happened when P. Gartside tried to fine-tune the clubs ambition!

13 minutes ago, Jcookie said:

I see the document have been posted on companies house now. Does this change your opinion on what this all could be? Or still on the same thoughts as you posted yesterday?

Thank you and yes it does.

As follows - there is NO new investment of £18m into FV

All the paper work is mainly about correcting the previous Statement of capital following an allotment of shares on 1 August 2025

• GBP 11,987,921

This statement did include notification of 5,932,159 C Shares being issued BUT valued them as just £1 (a single pound) as Share Capital as evidenced in the previous Statement of capital following an allotment of shares on 31 July 2025

• GBP 11,987,920

The new (revised) Statement of capital on 22 July 2026

• GBP 17,946,440

However the new statement now actually states there are 12,013,491 A shares (not the 11,987,920 shown on 31 July 2025 plus the 5,932,949 C Shares (Not the 5,932,159), issued with wrongly stated Share Capital on the 1 August 2025.

So why the need for Resolution of reduction in issue shares capital?

Well I noted a few years back that FV had made a similar errors on a previous Statement of Capital, and never corrected them.

Following other allotment of shares (they just amended the next share issue to show the corrected totals moving forwards) - and this too has been addressed now via the Resolution of reduction in issue shares capital, where it states that Share Capital has been reduced from 18,008,690 (It has never been this amount) to 17,946,440 being the corrected figures now stated.

(Hence presumably the correction required to both the A Share total and C Share totals that I highlighted above).

Fwiw I still stand by my view that FV has only circa £5m of capital left in the club and that it would be in FV's own interest to invest as much as it can into equity before the end of this years accounts (next week) 30 June 2026 as from 1 July on wards they are effective capped under the new Squad Cost Rules - maybe all the flurry of getting the paperwork in order is a prelude to that?

Edited June 23Jun 23 by Sluffy
I realised belatedly that FV totals still didn't quite match to each other?

53 minutes ago, pfk505 said:

As a financially illiterate I appreciate the explanations and speculation Sluffy

Thank you, much appreciated.

3 hours ago, Sluffy said:

Thank you and yes it does.

As follows - there is NO new investment of £18m into FV

All the paper work is mainly about correcting the previous Statement of capital following an allotment of shares on 1 August 2025

• GBP 11,987,921

This statement did include notification of 5,932,159 C Shares being issued BUT valued them as just £1 (a single pound) as Share Capital as evidenced in the previous Statement of capital following an allotment of shares on 31 July 2025

• GBP 11,987,920

The new (revised) Statement of capital on 22 July 2026

• GBP 17,946,440

However the new statement now actually states there are 12,013,491 A shares (not the 11,987,920 shown on 31 July 2025 plus the 5,932,949 C Shares (Not the 5,932,159), issued with wrongly stated Share Capital on the 1 August 2025.

So why the need for Resolution of reduction in issue shares capital?

Well I noted a few years back that FV had made a similar errors on a previous Statement of Capital, and never corrected them.

Following other allotment of shares (they just amended the next share issue to show the corrected totals moving forwards) - and this too has been addressed now via the Resolution of reduction in issue shares capital, where it states that Share Capital has been reduced from 18,008,690 (It has never been this amount) to 17,946,440 being the corrected figures now stated.

(Hence presumably the correction required to both the A Share total and C Share totals that I highlighted above).

Fwiw I still stand by my view that FV has only circa £5m of capital left in the club and that it would be in FV's own interest to invest as much as it can into equity before the end of this years accounts (next week) 30 June 2026 as from 1 July on wards they are effective capped under the new Squad Cost Rules - maybe all the flurry of getting the paperwork in order is a prelude to that?

Thank you - much appreciated! All very secretive. Iles is defo not denying this American ‘interest’. Looks like there more to come out from all this… normally he is straight on denying things via the club. But the club are not commenting this time..

45 minutes ago, Jcookie said:

Thank you - much appreciated! All very secretive. Iles is defo not denying this American ‘interest’. Looks like there more to come out from all this… normally he is straight on denying things via the club. But the club are not commenting this time..

You are very welcome mate, thank you for your kind words.

Yes, I've always found FV VERY opaque certainly in regards to their financial record keeping (I'm not implying any illegality), rather multiple errors and/or delays in their legally required reporting to Companies House - indeed all the four documents today relate to straightening out several of the 'kinks' they've already made previous (deliberately or not?),

I've also no idea at all even why Sharon et al, even rocked up at BWFC until very recently when she more or less claimed God sent her.

I'm not religious, so I take it with a large pinch of salt but maybe she is and maybe it's true?

None of my business anyway but why not just say so from the beginning if there's nothing to hide?

The last share issue (before todays kerfuffle) involved someone (most likely the Swiss I would suggest) obtaining C Shares, which were in themselves very interesting.

I say that because these shares gave whoever owned them, first call on any sale (ie they get their money back before normal A Share holders) but not only that they get 2.2 times their money back!

We know now that there are just short of £6m worth meaning the first £13.2m of any sale income would go to the holders of those shares,

I speculated at the time (I still have not worked out the sums) that such an amount would go a long way to covering the Swiss investment into FV, if not in full.

It asked myself why would (presumably) the Swiss do so, unless they preparing to seek an exit from FV?

Whoever is going to be funding us in the Championship can only do so up to a maximum of £33m if I've understood the Squad Cost Rules (SCR) correctly.

We've been running at a loss of circa £14m in our last published accounts, and it wouldn't surprise me to see similar losses for the 24-25 season and again last season 25-26.

That being the case I estimate circa £5m capital now left in the kitty (I know the forms today talk about their being £18m showing but I can't believe that to be true unless another share issue has been held that has yet to be filed at CH (as Tom Jones might say, it's certainly 'not unusual' for FV to make such filings months and months after the event.

Either that or they are reporting the position as per the last issue of shares (1st August 2025) and not reporting what the current financial funds in equity are (ie FV has correctly stated what shares have been bought (£18m worth) but has not (maybe isn't required to) say how much of that money now remains after funding this current seasons expected trading losses.

Anyway £18m in there now or not, can FV found a further probable £33m over the next three Champion seasons?

Maybe they can, but would they want to lose such a sum?

Maybe they would, I don't know,

But what I'm coming round to ask is maybe there is someone out there (the American's?) with deep enough pockets to do so, either in partnership with FV or by buying them out.

Whatever the answer is BWFC needs some hefty funding to retain and progress in this division.

Hopefully someone is happy enough to fund it for us.

6 hours ago, Sluffy said:

Do you mean up Ear?

Thank you, I didn't know but fully expected that she had some sort of residence in the area (bought or rented) by now being nearly seven years on from when she bought the club.

Obviously I've no idea what her plans may be but it just seemed her original intention was to get us into the Championship (and presumably leave us in the hands of a new decent owner, to then take us further).

If so she's just achieved that, the Swiss seem to have the financial wherewithal to fund us in the Championship (I believe they've probably just put £18m into the club despite what Iles is reporting - and that the new documents at Companies House are basically squaring off all the previous shareholders and starting afresh with the Swiss becoming the new owners (unless Sharon, James, etc partake and reinvest into the £18m new investment also).

I might well be wrong about Sharon but it would be the most perfect timing for her to bow out at the very top, if she chose to - would it not?

As for the accounts, again I could be wrong but clearly based on the previous information filed at CH you can't reduce the last reported Capital amount of £12m down to £18m - something, somewhere isn't right I would strongly suggest.

at bwfc business networking events, 3 to 4 years ago, they would say the ambition was to be a sustainable championship club competing for the PL, not just get promoted to the championship, so in that respect she's far from having finished the job

"I am very ambitious and I'd like to take this Club from the brink of liquidation back to the Premier League where it belongs. That’s the journey we’ve subscribed to and I, more than anyone, want to fulfil that.”

Sharon Brittan: Creating Sustainable Success at Bolton Wa...

Caring, committed and courageous, Sharon Brittan is living proof that Football Clubs can achieve sustainable success under the right leadership.

28 minutes ago, Zico said:

at bwfc business networking events, 3 to 4 years ago, they would say the ambition was to be a sustainable championship club competing for the PL, not just get promoted to the championship, so in that respect she's far from having finished the job

"I am very ambitious and I'd like to take this Club from the brink of liquidation back to the Premier League where it belongs. That’s the journey we’ve subscribed to and I, more than anyone, want to fulfil that.”

Sharon Brittan: Creating Sustainable Success at Bolton Wa...

Caring, committed and courageous, Sharon Brittan is living proof that Football Clubs can achieve sustainable success under the right leadership.

My mams, mum and dad's terraced house was facing Burnden (Orlando Bridge) and probably my earliest memory I have is sitting with my grandad knee on the front doorstep watching the crowds walk past either going to or from the match, so I'd be over the moon if Sharon was to lead us back to the top division again.

I've obviously no idea of Sharon's plans but it's going to take a lot of money to get promoted but I don't think she has the personal funds to do that and if say the 'American's' or anyone else rocks up an puts the odd £30 or 40 million in the club as equity (or buy FV out completely) then it may no longer be in her hands to continue her journey further after that.

I'm not saying that will happen but we all know football is a fickle mistress and the fans even more so.

I was, like many others, under the initial impression that we've somehow got £18m in the kitty, and was suggesting that with promotion and her 60th on the horizon, that she may want to quit whilst she was ahead - not an unreasonable suggestion I wouldn't have though (clearly some did).

As I'm now back to my original position of believing there's only circa £5m in the clubs pot (after covering this seasons trading deficit - there will be one!) I don't believe that she will be leaving anytime soon until the club is financially sound, indeed Sharon, Janes and Luckock have signed a Solvency Statement to that effect!

I wish Sharon a long and successful stay with us and maybe she is selling her house down south to be closer to the Toughsheet?

We've recently lost the King of the North, maybe we are gaining a Queen of the North instead?

4 minutes ago, Sluffy said:

My mams, mum and dad's terraced house was facing Burnden (Orlando Bridge) and probably my earliest memory I have is sitting with my grandad knee on the front doorstep watching the crowds walk past either going to or from the match, so I'd be over the moon if Sharon was to lead us back to the top division again.

I've obviously no idea of Sharon's plans but it's going to take a lot of money to get promoted but I don't think she has the personal funds to do that and if say the 'American's' or anyone else rocks up an puts the odd £30 or 40 million in the club as equity (or buy FV out completely) then it may no longer be in her hands to continue her journey further after that.

I'm not saying that will happen but we all know football is a fickle mistress and the fans even more so.

I was, like many others, under the initial impression that we've somehow got £18m in the kitty, and was suggesting that with promotion and her 60th on the horizon, that she may want to quit whilst she was ahead - not an unreasonable suggestion I wouldn't have though (clearly some did).

As I'm now back to my original position of believing there's only circa £5m in the clubs pot (after covering this seasons trading deficit - there will be one!) I don't believe that she will be leaving anytime soon until the club is financially sound, indeed Sharon, Janes and Luckock have signed a Solvency Statement to that effect!

I wish Sharon a long and successful stay with us and maybe she is selling her house down south to be closer to the Toughsheet?

We've recently lost the King of the North, maybe we are gaining a Queen of the North instead?

yeah I think she's staying

10 hours ago, Sluffy said:

The last share issue (before todays kerfuffle) involved someone (most likely the Swiss I would suggest) obtaining C Shares, which were in themselves very interesting.

I say that because these shares gave whoever owned them, first call on any sale (ie they get their money back before normal A Share holders) but not only that they get 2.2 times their money back.

The 26 Jan 2026 confirmation statement shows that all the existing directors own both A & C shares.

9 hours ago, Zico said:

yeah I think she's staying

Even if/when somebody does buy FV out, I'd not be massively surprised if she was kept on as the "face of the club" as she seems to do that public facing role very well

18 minutes ago, TrickyTrotter said:

The 26 Jan 2026 confirmation statement shows that all the existing directors own both A & C shares.

Thank you but that's not actually correct, if you forgive me for saying so.

The owners of the C Shares as at 10th January 2026 was BMLL Ltd (not one of the Directors).

Yes the sole owner of BMLL Ltd is one of the Directors (Nick Luckock) but the money invested into BMLL Ltd (as far as we know?) is not his per se but (we are led to believe) the funding from the Swiss (Trafigura).

We don't actually know that to be the case.

It most likely is BUT it could quite equally come from others. as well (ie not exclusive to Trafigura)

Why for instance has Ben Luckock purchased shares in his own name in the previous twelve months period between Conformation Statements, and not via BMLL Ltd (was he part of BMLL before then? Is he still? If not why did he leave? Why not buy C Share allocations rather than the A Shares? etc, etc. etc).

I'm basically just trying to be cautious in what I report and what I predict rather than be authoritative or want to be seen to be all knowing.

I can find my way around the accounts but I'm not an accountant, I'm aware of Company Law but my specialism is within the public sector, I can and have got things wrong when commenting on the accounts over the years but I'm happy to share what knowledge and understanding I have, as no one else seems willing to do so (including a number of accountants who post on here).

I must be a bit of an outlier here, as I generally don't give a fuck who owns us, how much money they pump in, or where it comes from. As long as we're solvent, and ideally able to self sustain, then I'm happy enough

Ten-Bob accountancy experts pouring over every little detail that gets published at Companies House, surely isn't what being a football fan is all about is it? 😀

16 minutes ago, Sluffy said:

Thank you but that's not actually correct, if you forgive me for saying so.

The owners of the C Shares as at 10th January 2026 was BMLL Ltd (not one of the Directors).

Yes the sole owner of BMLL Ltd is one of the Directors (Nick Luckock) but the money invested into BMLL Ltd (as far as we know?) is not his per se but (we are led to believe) the funding from the Swiss (Trafigura).

We don't actually know that to be the case.

It most likely is BUT it could quite equally come from others. as well (ie not exclusive to Trafigura)

Why for instance has Ben Luckock purchased shares in his own name in the previous twelve months period between Conformation Statements, and not via BMLL Ltd (was he part of BMLL before then? Is he still? If not why did he leave? Why not buy C Share allocations rather than the A Shares? etc, etc. etc).

I'm basically just trying to be cautious in what I report and what I predict rather than be authoritative or want to be seen to be all knowing.

I can find my way around the accounts but I'm not an accountant, I'm aware of Company Law but my specialism is within the public sector, I can and have got things wrong when commenting on the accounts over the years but I'm happy to share what knowledge and understanding I have, as no one else seems willing to do so (including a number of accountants who post on here).

I agree about BMLL, it's a nominee it's a nominee vehicle and its individual shareholders are not to my knowledge a matter of public record, but reasonable to presume that it is the Trafigura 25 as Nick Luckock is its front man. On the C shares:

Shareholding 10: 1697899 C ORDINARY shares held as at the date of this confirmation

statement

Name: SHARON BRITTAN

Shareholding 11: 633923 C ORDINARY shares held as at the date of this confirmation

statement

Name: JAMES INDUSTRIAL LIMITED

Electronically filed document for Company Number: 11761052Shareholding 12: 204851 C ORDINARY shares held as at the date of this confirmation

statement

Name: NICK LUCKOCK

Shareholding 13: 910969 C ORDINARY shares held as at the date of this confirmation

statement

Name: BEN LUCKOCK

Shareholding 14: 2484517 C ORDINARY shares held as at the date of this confirmation

statement

Name: BMLL LIMITED

16 minutes ago, Sluffy said:

Thank you but that's not actually correct, if you forgive me for saying so.

The owners of the C Shares as at 10th January 2026 was BMLL Ltd (not one of the Directors).

Yes the sole owner of BMLL Ltd is one of the Directors (Nick Luckock) but the money invested into BMLL Ltd (as far as we know?) is not his per se but (we are led to believe) the funding from the Swiss (Trafigura).

We don't actually know that to be the case.

It most likely is BUT it could quite equally come from others. as well (ie not exclusive to Trafigura)

Why for instance has Ben Luckock purchased shares in his own name in the previous twelve months period between Conformation Statements, and not via BMLL Ltd (was he part of BMLL before then? Is he still? If not why did he leave? Why not buy C Share allocations rather than the A Shares? etc, etc. etc).

I'm basically just trying to be cautious in what I report and what I predict rather than be authoritative or want to be seen to be all knowing.

I can find my way around the accounts but I'm not an accountant, I'm aware of Company Law but my specialism is within the public sector, I can and have got things wrong when commenting on the accounts over the years but I'm happy to share what knowledge and understanding I have, as no one else seems willing to do so (including a number of accountants who post on here).

feels like the blind leading the blind this.

The (just shy) of £18m is the nominal value of the shares, nowt to do with what they're worth or what was paid for them.

e.g. there were roughly 11.3m new A and C shares issued summer '25 for a total of just over £29m.

And the point about the share ownership is broadly correct, though more accurate to say the holders of the A shares and the C shares are the same people (haven't checked if the proportions are the same cos I really can't be arsed).

This stuff is tedious as fuck in the first place, but at least be accurate instead of speculating what may or may not be left in the pot.

I'll trust they know what they're doing unless something indicates otherwise ... and nowt has so far.

2 minutes ago, wakey said:

This stuff is tedious as fuck in the first place,

It is.

What we need is some signings, fixture news and a preseason. Then we won't need to have esoteric debates about share ownership.

4 minutes ago, TrickyTrotter said:

It is.

What we need is some signings, fixture news and a preseason. Then we won't need to have esoteric debates about share ownership.

Should be a new kit to complain about by the end of today!

10 minutes ago, TrickyTrotter said:

I agree about BMLL, it's a nominee it's a nominee vehicle and its individual shareholders are not to my knowledge a matter of public record, but reasonable to presume that it is the Trafigura 25 as Nick Luckock is its front man. On the C shares:

Isn't that what I said in my post you quoted me on earlier?

12 hours ago, Sluffy said:

The last share issue (before todays kerfuffle) involved someone (most likely the Swiss I would suggest) obtaining C Shares, which were in themselves very interesting.