Comments on: Profit and loss http://www.zenosblog.com/2009/10/profit-and-loss/ The random thoughts of a sceptical activist Thu, 12 Jan 2012 14:01:37 +0000 hourly 1 http://wordpress.org/?v= By: LeeT http://www.zenosblog.com/2009/10/profit-and-loss/comment-page-1/#comment-4583 LeeT Sun, 04 Apr 2010 18:15:24 +0000 http://www.zenosblog.com/?p=673#comment-4583 I emailed a copy of the 2008 accounts and report to some one who pointed out you had already blogged about them. Given the recent victory by Simon Singh in his appeal the BCA's chances of victory are now greatly reduced. According to regulations, I think they will now have to make some kind of provision in their accounts for the fact they may not recover the legal fees. Presumably they have taken professional advice from their auditors and accountants. Their income from membership fees was about £1.7 million so I can't set how they can continue spending money on legal fees without upseting their members. Under the Insolvency Act 1986 directors have duties not to drive their organisations to economic ruin. It will be interesting how they resolve this. Possibly we will see some of the directors resigning over the next few months. I emailed a copy of the 2008 accounts and report to some one who pointed out you had already blogged about them.

Given the recent victory by Simon Singh in his appeal the BCA’s chances of victory are now greatly reduced.

According to regulations, I think they will now have to make some kind of provision in their accounts for the fact they may not recover the legal fees. Presumably they have taken professional advice from their auditors and accountants.

Their income from membership fees was about £1.7 million so I can’t set how they can continue spending money on legal fees without upseting their members.

Under the Insolvency Act 1986 directors have duties not to drive their organisations to economic ruin. It will be interesting how they resolve this. Possibly we will see some of the directors resigning over the next few months.

]]> By: Michael Kingsford Gray http://www.zenosblog.com/2009/10/profit-and-loss/comment-page-1/#comment-1631 Michael Kingsford Gray Mon, 09 Nov 2009 06:19:25 +0000 http://www.zenosblog.com/?p=673#comment-1631 "...why are so many BCA members still making such claims?" To pay for their BMWs. “…why are so many BCA members still making such claims?”

To pay for their BMWs.

]]> By: A little knowledge is a hilarious thing « Cubik’s Rube http://www.zenosblog.com/2009/10/profit-and-loss/comment-page-1/#comment-1149 A little knowledge is a hilarious thing « Cubik’s Rube Tue, 27 Oct 2009 23:28:31 +0000 http://www.zenosblog.com/?p=673#comment-1149 [...] I went a whole blog post without bringing up the latest #singhbca gossip. Aw, [...] [...] I went a whole blog post without bringing up the latest #singhbca gossip. Aw, [...]

]]> By: uberVU - social comments http://www.zenosblog.com/2009/10/profit-and-loss/comment-page-1/#comment-1132 uberVU - social comments Tue, 27 Oct 2009 16:51:00 +0000 http://www.zenosblog.com/?p=673#comment-1132 <strong>Social comments and analytics for this post...</strong> This post was mentioned on Twitter by HolfordWatch: @zeno001 @jackofkent W/ lawyers on conditional fee arrangement, what might happen w/ fees if BCA drops case? http://tr.im/De5Z #singhbca... Social comments and analytics for this post…

This post was mentioned on Twitter by HolfordWatch: @zeno001 @jackofkent W/ lawyers on conditional fee arrangement, what might happen w/ fees if BCA drops case? http://tr.im/De5Z #singhbca…

]]> By: Duncan http://www.zenosblog.com/2009/10/profit-and-loss/comment-page-1/#comment-1128 Duncan Tue, 27 Oct 2009 15:36:59 +0000 http://www.zenosblog.com/?p=673#comment-1128 Those legal costs only go up to the end of December 08. I'd imagine their costs for the Singh case in 2009 are significantly higher. Those legal costs only go up to the end of December 08. I’d imagine their costs for the Singh case in 2009 are significantly higher.

]]> By: Tweets that mention Zeno's Blog » Archive » Profit and loss -- Topsy.com http://www.zenosblog.com/2009/10/profit-and-loss/comment-page-1/#comment-1125 Tweets that mention Zeno's Blog » Archive » Profit and loss -- Topsy.com Tue, 27 Oct 2009 14:53:26 +0000 http://www.zenosblog.com/?p=673#comment-1125 [...] This post was mentioned on Twitter by Chris Kavanagh, Al Grant. Al Grant said: RT @zeno001 Blogging: Zeno's Blog » Profit and loss: http://tr.im/DdVz #singhbca [...] [...] This post was mentioned on Twitter by Chris Kavanagh, Al Grant. Al Grant said: RT @zeno001 Blogging: Zeno's Blog » Profit and loss: http://tr.im/DdVz #singhbca [...]

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