BTCC 2019 season discussion, News and Rumours!

[Alfisti]

Originally Posted by Mike Harte

From my reading of the accounts, that company was trading whilst insolvent - massively. And they're not signed off by an accountant, either.

No wonder they weren't paying their bills!

BMRs strike off has now been discontinued. So looking more and more likely that they could do an Arnie and be back.

[Racer65]

Originally Posted by redshoes

Most red flags in qualifying aren't a result of a multi-car crash, generally it's because someone has dropped it in the gravel on their own.

Didn't say anything about multi-car crashes. I asked what happens if someone ends up in the gravel because someone else put them there. Doesn't mean two or more cars have crashed.

[S griffin]

We’ll have to wait and find out won’t we?

[Jiiiiiiim]

Originally Posted by Alfisti

BMRs strike off has now been discontinued. So looking more and more likely that they could do an Arnie and be back.

Running what tho? Subaru deal has run its 3 year course, so unless they run them as privateers they’ll nedd new cars, will Subaru still lease the car(s) to them as privateers? With the main man behind pulling them (Subaru) in having already exited stage left, will they get the backing needed to continue?

Big question marks, plenty of rumours still to run for sure.

[Mike Harte]

I must admit that I would find it puzzling why anyone would be prepared to extend a loan or enter into a lease agreement with Scott at the moment. It looks as though they only have assets of around £13,000 whilst having liabilities of some £4.5 million, some (about £1.2 million) of which is due for repayment imminently. There is no time given for how soon the rest is repayable, but I would imagine in the next year or so.

And worse for his creditors is that only a very small portion of his liabilities are secured; some £220,000.

[Steel Wheels]

Originally Posted by Mike Harte

I must admit that I would find it puzzling why anyone would be prepared to extend a loan or enter into a lease agreement with Scott at the moment. It looks as though they only have assets of around £13,000 whilst having liabilities of some £4.5 million, some (about £1.2 million) of which is due for repayment imminently. There is no time given for how soon the rest is repayable, but I would imagine in the next year or so.

And worse for his creditors is that only a very small portion of his liabilities are secured; some £220,000.

Yeah you can see why they nearly weren’t on the grid ‘‘tis year. Makes pretty grim reading.

[medius]

It begs the question, if so much was done on tick, where did the money go? Speedway team, karting vanity project, Clio team? 888 Black Hole? Salaries? The farm itself?

So many questions.

[touring fan01]

those accounts tell us nothing
the loans and creditors could be mainly between his own businesses for tax reasons.

[Alfisti]

Well the only cert is Warren didn't blow it having a fancy new do at the Barbers shop 😁

[Steel Wheels]

Originally Posted by medius

It begs the question, if so much was done on tick, where did the money go? Speedway team, karting vanity project, Clio team? 888 Black Hole? Salaries? The farm itself?

So many questions.

Certainly none of the money went to 888 if anything it was the other way round!

[btccbloke]

Originally Posted by Alfisti

BMRs strike off has now been discontinued. So looking more and more likely that they could do an Arnie and be back.

doesn't mean its BTCC they intend to be back in!

[S griffin]

Also seems if a driver takes another driver out of the race they get at least a 20 second penatly. We'll see if they stay consistent with that penalty

[BertMk2]

Originally Posted by S griffin

Also seems if a driver takes another driver out of the race they get at least a 20 second penatly. We'll see if they stay consistent with that penalty

Here's a clue - No they won't.

[redshoes]

Is that 20 TOCA seconds, or 20 actual seconds?

[Alfisti]

Originally Posted by redshoes

Is that 20 TOCA seconds, or 20 actual seconds?

It's not just me then... I feel that TOCA are generally hopeless and haphazard with penalties. In fairness, so are the FIA and NASCAR and Oz Supercats to varying degrees.

Grumble grumble!

[porsche962fan]

so by the new rule Colin Turkington would have gotten the 20 seconds at Knockhill for bumping Jelley and this may have cost him the title

did Tingram bump off anyone this season ?

[airbusA346]

Originally Posted by Alfisti

BMRs strike off has now been discontinued. So looking more and more likely that they could do an Arnie and be back.

The strike off has been discontinued because they've filed some of the required paperwork.

[sceptic]

Originally Posted by Mike Harte

I must admit that I would find it puzzling why anyone would be prepared to extend a loan or enter into a lease agreement with Scott at the moment. It looks as though they only have assets of around £13,000 whilst having liabilities of some £4.5 million, some (about £1.2 million) of which is due for repayment imminently. There is no time given for how soon the rest is repayable, but I would imagine in the next year or so.

And worse for his creditors is that only a very small portion of his liabilities are secured; some £220,000.

But we don't know who those creditors are. For the most part they are likely to be other companies controlled by Scott (ones which have revenue streams and make profit perhaps).

It is clear from the accounts that most of this unsecured borrowing is interest-free, and with no short-term timescale for any repayment. These are not commercial loans.

[sceptic]

Originally Posted by btccbloke

TCR UK are going to Spa https://twitter.com/TCRUK_series/sta...23617115521024

but not to Knockhill, which is probably the circuit that suits it best.

[touring fan01]

Originally Posted by sceptic

but not to Knockhill, which is probably the circuit that suits it best.

wrong thread

[Alfisti]

Originally Posted by airbusA346

The strike off has been discontinued because they've filed some of the required paperwork.

They've filed ALL of the required paperwork at this time. They will need to provide the 2017 accounts in due course otherwise HMRC will follow it's usual path - which as a final step is strike off.

That won't be anytime soon, so Mr S/ BMR can continue operating. What they're intending to do I have no idea. For starters they need finances and motor cars, they may have the former, they don't the latter.

[btccbloke]

Originally Posted by Alfisti

They've filed ALL of the required paperwork at this time. They will need to provide the 2017 accounts in due course otherwise HMRC will follow it's usual path - which as a final step is strike off.

That won't be anytime soon, so Mr S/ BMR can continue operating. What they're intending to do I have no idea. For starters they need finances and motor cars, they may have the former, they don't the latter.

Long shot, but do they not still have the 2 Insignias they ran alongside the CCs for a while?
They are listed "stored" at BKR and the other at Hard (not sure if that's right as BMR were last to run it) .
Considering BKR was effectively BMR, they have at least 1, even if it hasn't turned a wheel in a few years

[touring fan01]

Originally Posted by Alfisti

For starters they need finances and motor cars, they may have the former, they don't the latter.

why do you say they don’t have a couple of Subaru’s any more?

[Div]

They absolutely will have all 4 Subarus sitting in the workshop. There was a 2 year option on the original manufacturer deal as far as I remember after the first 3 years were up. Whether they do renew or not, if BMR are on the grid next year they'll be running the Subarus, of that i'm certain, whether they'll be a manufacturer entry or not.

[el_cat]

Originally Posted by btccbloke

Long shot, but do they not still have the 2 Insignias they ran alongside the CCs for a while?
They are listed "stored" at BKR and the other at Hard (not sure if that's right as BMR were last to run it) .
Considering BKR was effectively BMR, they have at least 1, even if it hasn't turned a wheel in a few years

I thought that the Insignia’s “became” the two additional CC’s in 2014? As in provided the Toca engines and all the spec parts? So if they do exist, they are just the shells rather than complete cars