The 1921 accounts for year ending 30th June 2022 will be filed at Companies House in the final days of March 2023, just before a Late Filing Penalty would be levied. These accounts have to be audited and in order for 1921 to continue to exist the auditor has to state in the accounts that it is a going concern, meaning that it can continue for another year from the date of the accounts being finalised, beginning late March 2023. To do that the auditor has to have evidence that the company's trading prospects are such that its anticipated revenue versus anticipated expenses and that the value of its assets versus the value of its liabilities are positive.

Liabilities versus Assets
Currently the real value of the liabilities overwhelms the real value of the assets and this disparity is estimated from now onwards to grow larger at the rate of £14,000 per month in interest on the debt to PD's Purepay.

Expenses versus Revenue
It is highly likely that the last of the substantial transfer fee 'add ons' are being used this season. Without any kind of substantial 'football fortune' 1921 can make a trading loss of £10,000 per week. This has been proved over many years in the accounts for those years.

So, come the end of next March it could be that the auditor cannot sign off the accounts of 1921 as a going concern and insolvency may well occur, which would be the end of the club. I would be very pleased indeed if this did not happen.

Perhaps it would help if there was no debt to PD's Purepay. But PD is no Fred Story. He quite rightly wants the money back, complete with accumulated interest.