Wilde's Business has been wound up and liquidated by HMRC

[exit2]

http://www.dailyecho.co.uk/news/8471618.Ex_Saints_boss__firm_wound_up_by_taxman/

[sadoldgit]

Hard times.

[Charlie Wayman]

The times we live in unfortunately. I'm sure his intentions for SFC were always good, just had a remarkably inept way of going about it. Mind you running rest homes was probably good training for taking over Saints.

[Toomer]

:lol:Noticed that the registered office is in Portsmouth.

[moon monkey]

Can't say I have any sympathy for the man.

[Saint-scooby]

His other company is still running, its a phoenix job, get rid of some debt while still trading, swap it around between the companies..

[sadoldgit]

Probably proved that it is not always a good idea having a fan running the club...although I never got the Liverpool thing.

[saint_mears]

Probably proved that it is not always a good idea having a fan running the club...although I never got the Liverpool thing.

 

The majority of clubs have been run by fans and saints where run by fans like Askham and all those before him.

[Graffito]

The times we live in unfortunately. I'm sure his intentions for SFC were always good, just had a remarkably inept way of going about it. Mind you running rest homes was probably good training for taking over Saints.

 

The road to hell is paved with good intentions. I'm sorry to say he was a disaster for Saints.

[Window Cleaner]

His other company is still running, its a phoenix job, get rid of some debt while still trading, swap it around between the companies..

 

Correct, if you go and hang about in the fashion quarters of Soho or Brick Lane you'll notice loads of people whos' companies change name every now and again, they just go broke,get wound up and buy another off the shelf company name and carry on exactly as they were,often with the same suppliers and the same clients.As long as they don't get banned that is,but then there's always a cousin or the wife to step in and head up the new shell company.

[Window Cleaner]

The road to hell is paved with good intentions. I'm sorry to say he was a disaster for Saints.

 

he just needed to fire Burley and history might have been changed. I think he wanted to but someone stopped him. Bet he regrets that.

[for_heaven's_Saint]

Sales of 'saints go Wilde' tshirts must have dried up.

[once_bitterne]

He still logs on to this site every day.

[Window Cleaner]

He still logs on to this site every day.

 

good man;not letting a bit of bother with HMRC get him down.

Edited 23 October, 2010 by Window Cleaner

[lordswoodsaints]

It couldn't of happened to nicer bloke.....I hope he disappears up his own arse.

 

I'm proud that I never went 'Wilde for mike'

[saint_mears]

He still logs on to this site every day.

 

Why would you be looking at that fact then ?

[sussexsaint]

... Yet Pompey somehow got away with it

[Frank's cousin]

As others have said... I think his intentions were always good - whatever your opinion on him getting back with Lowe... Indeed, even Lowe wanted to see us bask in the glories of The Champions league. But in both cases, the methods employed were simply unworkable, misaligned or mistakes made at simply the wrong time - everyone makes them, but timing can have a big impact on the outcome...

 

Its a bit churlish to wish anyone illwill - this is afterall football, and depsite what some may think I dont believe any of our recent owners have wished bad things on the club...

[RobM]

Karma. You have to love it.

[cellone]

People losing job's, What a giggle. Have a word.

[Dark Munster]

As others have said... I think his intentions were always good - whatever your opinion on him getting back with Lowe... Indeed, even Lowe wanted to see us bask in the glories of The Champions league. But in both cases, the methods employed were simply unworkable, misaligned or mistakes made at simply the wrong time - everyone makes them, but timing can have a big impact on the outcome...

 

Its a bit churlish to wish anyone illwill - this is afterall football, and depsite what some may think I dont believe any of our recent owners have wished bad things on the club...

 

How about Lowe putting us into administration a few days after the point deduction carryover cut off date? A totally avoidable act of maliciousness.

[Foxstone]

Sad for him and his employees..

 

But the guy struck me as a dreamer quite early into his tenure at SMS - And so it transpired.

I'm afraid whatever way you look at it, he played his considerable part in our demise!

[up and away]

Originally Posted by Graffito

The road to hell is paved with good intentions. I'm sorry to say he was a disaster for Saints.

he just needed to fire Burley and history might have been changed. I think he wanted to but someone stopped him. Bet he regrets that.

 

He sanctioned spending of money we had not got before the season even started, promising money he could not get or prepared to shell out himself, totally stupid. We had just gone through the biggest cuts in our history when he came in and put our whole safety in jeopardy again by over spending.

 

Leaving behind a vacuum that created a totally fractious and hostile environment, one that could only lead to disaster with the characters involved.

[Pancake]

How about Lowe putting us into administration a few days after the point deduction carryover cut off date? A totally avoidable act of maliciousness.

 

Yeah, YEAH! but of course, that didn't happen, but let's not let facts ruin a good old "dirty devil Lowe" rant.

[Fitzhugh Fella]

I have oft wondered if he still goes to SMS. If he does that would prove he is and was a true fan. Don't suppose anyone on here would know?

I did hear leon Crouch was intending to start attending again but not sure that has been the case.

[Saint_John]

I was looking on the Lowe Holdings web site http://www.loweoliver.co.uk/loweholdings/ which lists the five companies that make up the group.

 

Four out of the five appear to have a web site behind them, however the 2nd one down http://www.rfwebb.co.uk/ appears to have lost it's web site ??

which made me think I haven't seen their vans around Southampton for a few months.

Do they still exist ? or has the "world's greatest businessman" (well some on here thought he was) struck again ?

[70's Mike]

The majority of clubs have been run by fans and saints where run by fans like Askham and all those before him.

 

there is a name i was hoping not to see on here again

[Isla Wight]

I have oft wondered if he still goes to SMS. If he does that would prove he is and was a true fan. Don't suppose anyone on here would know?

I did hear leon Crouch was intending to start attending again but not sure that has been the case.

 

Leon was there on Saturday - in his box together with Lawrie Mac

[Fitzhugh Fella]

Leon was there on Saturday - in his box together with Lawrie Mac

 

Yes someone has just texted me to tell me he has a box named after Ted Bates box and is enjoying his football again. Good to hear I guess.

[INFLUENCED.COM]

People losing job's, What a giggle. Have a word.

 

Agree, would be very angry if I were a creditor aware of his dividend which was out of sync with the companies performance at the time, if he had not made the extravagant share purchase he may have been able to invest it back into the company

[Dibden Purlieu Saint]

How about Lowe putting us into administration a few days after the point deduction carryover cut off date? A totally avoidable act of maliciousness.

 

There's no need to make stuff up!

[Dibden Purlieu Saint]

How about Lowe putting us into administration a few days after the point deduction carryover cut off date? A totally avoidable act of maliciousness.

 

There's no need to make stuff up!

[Give it to Ron]

There's no need to make stuff up!

 

Agreed it was total incompetence along with the multitude of his other crazy stuff rather than being malicious.

Pre 2003 and the academy apart there was not much after that that he got right.

Edited 25 October, 2010 by Give it to Ron

[Dibden Purlieu Saint]

Agreed it was total incompetence along with the multitude of his other crazy stuff rather than being malicious.

Pre 2003 and the academy apart there was not much after that that he got right.

 

As far as Lowe was concerned we weren't going into admin. Then Barclays moved the goalposts and put us into admin. It wasn't his decision to make.

[manji]

He still logs on to this site every day.

 

for a quick look before spending most of the day on the Liverpool one.

[Gemmel]

As far as Lowe was concerned we weren't going into admin. Then Barclays moved the goalposts and put us into admin. It wasn't his decision to make.

 

I really can't be arsed to go into this all again, but it was not Barclays that put us in Admin. We put ourselves in admin,, in order to protect the Directors for becoming personally liable. Lowe got his sums wrong and issued a cheque to Keith Granger that bounced. He played chicken with Barclays and lost.

[saint_mears]

I was looking on the Lowe Holdings web site http://www.loweoliver.co.uk/loweholdings/ which lists the five companies that make up the group.

 

Four out of the five appear to have a web site behind them, however the 2nd one down http://www.rfwebb.co.uk/ appears to have lost it's web site ??

which made me think I haven't seen their vans around Southampton for a few months.

Do they still exist ? or has the "world's greatest businessman" (well some on here thought he was) struck again ?

 

Lowe bought RF Webb a city business that had been around for decades but within five years they where dead in the water. They now only due contractual remedial work on old contracts from a unit in eastleigh.

[saint_mears]

As far as Lowe was concerned we weren't going into admin. Then Barclays moved the goalposts and put us into admin. It wasn't his decision to make.

 

Ahh barclays told Lowe that if he attempted a return then they wouldnt be happy. They knew full well that the situation would get worse and pulled the plug months before it eventually came out.

[Special K]

Lowe bought RF Webb a city business that had been around for decades but within five years they where dead in the water. They now only due contractual remedial work on old contracts from a unit in eastleigh.

 

It's a shame as they weren't a bad M&E subbie. I think they went into a CVA with their creditors a few years back. Some good lads worked for them, hopefully they managed to get themselves sorted out.

[up and away]

Originally Posted by Dibden Purlieu Saint

As far as Lowe was concerned we weren't going into admin. Then Barclays moved the goalposts and put us into admin. It wasn't his decision to make.

I really can't be arsed to go into this all again, but it was not Barclays that put us in Admin. We put ourselves in admin,, in order to protect the Directors for becoming personally liable. Lowe got his sums wrong and issued a cheque to Keith Granger that bounced. He played chicken with Barclays and lost.

 

You can play with the semantics all you want, but just how do you stop the club going into administration once Barclay's pulled the plug, there was no way out. The directors could have kept on trading but all that would have done would be a small delay before being forced into administration and personal exposure. Just how are you going to bypass administration once Barclay's have pulled the plug?

[Bucks Saint]

You can play with the semantics all you want, but just how do you stop the club going into administration once Barclay's pulled the plug, there was no way out. The directors could have kept on trading but all that would have done would be a small delay before being forced into administration and personal exposure. Just how are you going to bypass administration once Barclay's have pulled the plug?

 

Get real please. Many Directors of bust Co's like to blame their banks. "If only they had kept supporting us" they complain. For which read: if only they had let us keep running up the overdraft and loans while we lost more money.

 

We were insolvent. The bank did not cause our losses. The bank did not cause us to spend way more than we should have done. The bank did not cause the lack of success on the pitch and the reduced crowds. The bank did not fail to find a big investor. You can blame whichever individuals you like, but they were at Saints and nowhere else.

[Gemmel]

You can play with the semantics all you want, but just how do you stop the club going into administration once Barclay's pulled the plug, there was no way out. The directors could have kept on trading but all that would have done would be a small delay before being forced into administration and personal exposure. Just how are you going to bypass administration once Barclay's have pulled the plug?

 

Barclays pulled the plug???

 

They agreed a reduction program on the overdraft, which lowe knew would take effect when he regained control (If he couldnt manage it, he shouldnt have come back) and the fact that his very being here was affecting reveunes). Lowe went past that and effectively called their bluff. He played chicken and lost over a cheque for less than 4 grand.

We should also remember than in the January Transfer market we didnt ship out anymore players and in fact bought in one more, increasing our liabilities. Without any knowledge, or facts, my personal opnion is that was straw that broke the camels back.

 

The working relationship with Leon and Barclays was strong and there is no way he would have let us go into admin on his watch and i don't think that Barclays would have put us under the same pressure as they did rupert. They irony is of course, without that sequence of events, we would never have had Marcus, so in many ways I am grateful to lowe.

 

I think we have seen from the way other clubs have been run, that lowe wasn't the complete ogre that some of us thought he was, but he should never have come back and lets not forget he did it at the time we were fighting relegation.

[Dibden Purlieu Saint]

I really can't be arsed to go into this all again, but it was not Barclays that put us in Admin. We put ourselves in admin,, in order to protect the Directors for becoming personally liable. Lowe got his sums wrong and issued a cheque to Keith Granger that bounced. He played chicken with Barclays and lost.

 

Nor can I, but I personally think that is untrue and wrong.

[Gemmel]

Nor can I, but I personally think that is untrue and wrong.

 

Actually its nailed on exactomundo fact

[Dibden Purlieu Saint]

Actually its nailed on exactomundo fact

 

What's you source for this then. I feel I have a pretty good source for mine.

[Gemmel]

London Stock exchange official statement

Mark Fry

Michael Wilde

Rupert lowe x 50 (When he was doing his publicity rounds , assuring everybody it wasnt his fault

The Saints Official Site.

2027 newspaper reports

[Dr Who?]

Correct, if you go and hang about in the fashion quarters of Soho or Brick Lane you'll notice loads of people whos' companies change name every now and again, they just go broke,get wound up and buy another off the shelf company name and carry on exactly as they were,often with the same suppliers and the same clients.As long as they don't get banned that is,but then there's always a cousin or the wife to step in and head up the new shell company.

 

This is true I am a credit manager for a fashion wholesale company, and we see many close down and repoen with a different limited company name, but the same shop and people running the business (directors). One company has closed 3 times and I think it is for good this time. Saying this we still carry on dealing with them as we say the loses from the bad debt can be made up in the profit margind of selling to them again.

 

Now they have gone, I am not sure if we made money out of them but with a 4 times mark up in fashion it is not to bad, so sure we did.

[Dibden Purlieu Saint]

London Stock exchange official statement

Mark Fry

Michael Wilde

Rupert lowe x 50 (When he was doing his publicity rounds , assuring everybody it wasnt his fault

The Saints Official Site.

2027 newspaper reports

 

From what I remember everything that was said pointed to Barclays moving the goalposts, even from those that wouldn't want to support Lowe in any way. But your saying that their is evidence in the public domain to dispute this from Lowe himself, and the Saints site?

[Gemmel]

From what I remember everything that was said pointed to Barclays moving the goalposts, even from those that wouldn't want to support Lowe in any way. But your saying that their is evidence in the public domain to dispute this from Lowe himself, and the Saints site?

 

No thats not what i am saying at all. I am saying the club put themsleves into administration, not Barclays as you quoted it was.

Barclays was obviously the catalyst and the bounced cheque was the final straw for lowe. Had he continued to trade, he could have found himself personally liable. As for the goal posts moving, lowe knew about the enforced overdraft reduction and shouldnt have come back if he couldnt meet those demands. He played chicken and lost (IMO) and by not selling anybody in January and actually adding to the squad, he effectively stuck two fingers up at Barclays.

I don't think he thought for one minute that Barclays would bounce any cheques, but as I mention earlier, without that sequence of events, we wouldn't have marcus, so ultimately its a "big cheers rupert"

[Dibden Purlieu Saint]

No thats not what i am saying at all. I am saying the club put themsleves into administration, not Barclays as you quoted it was.

Barclays was obviously the catalyst and the bounced cheque was the final straw for lowe. Had he continued to trade, he could have found himself personally liable. As for the goal posts moving, lowe knew about the enforced overdraft reduction and shouldnt have come back if he couldnt meet those demands. He played chicken and lost (IMO) and by not selling anybody in January and actually adding to the squad, he effectively stuck two fingers up at Barclays.

I don't think he thought for one minute that Barclays would bounce any cheques, but as I mention earlier, without that sequence of events, we wouldn't have marcus, so ultimately its a "big cheers rupert"

 

To be fair, to sell players you have to have someone being prepared to buy, and they were likely to hold on until we went down/entered admin to get a better price. Plus, it wouldn't have been in Barclays interest for us to sell our best players as it would be likely that the results/crowds would get worse. Every purchase that Lowe made had to be agreed with the bank, so I don't believe it was him putting 2 fingers up at Barclays.

 

The other issue that seems to be bandied around is that Lowe put is into admin after the end of March on purpose. The cheque that was bounced was bounced on what date? In theory it could have been impossible for us to go into admin in time. Don't disagree about him being personally liable though if we had continued to trade (which we literally couldn't have as Barclays foreclosed on the overdraft).