Attention: Please take a moment to consider our terms and conditions before posting.
Charlton announce five-year partnership with RSK
Comments
-
I don't wana get all terminator 2 about this, but the world is going mad and maybe RSK could produce an environmentally friendly giant sustainable uber robot that provides league one with eco friendly VAR0
-
Athletico Charlton said:seth plum said:Never heard of them, no idea what they do to get money.3
-
AFKABartram said:5 year partnership but doesn’t say shirt sponsor beyond next season.Expecting beers to be drunk from paper cups and toilet traps to be replaced with compost buckets.
anyhow, sounds a good deal
* my inheritance took a nasty beating! 😔 might need to do a gofundme page8 -
Come on everyone, first login today and I’d expected some mock ups, what have you all been doing with yourselves?0
-
Dave Rudd said:Of course, RSK could be estate agents
Robertson Smith & Kempson | Estate Agents in Acton, Ealing, Hanwell, Northfields | Robertson Smith and Kempson
... or a crypto blockchain
RSK - Home
0 -
RedPanda said:They seem one of the bigger sponsors we've had over the years. Hopefully their shirt logo isn't green, although I'd take some green on the away kit.
I'd like to see some green on the shorts after a few of the recent performances.
2 -
CafcWest said:Athletico Charlton said:seth plum said:Never heard of them, no idea what they do to get money.3
-
Henry Irving said:seth plum said:Never heard of them, no idea what they do to get money.10
-
Do they have a vegan staff kitchen?1
-
Know nothing about them but on the face of it this seems like good news. Well done the commercial team.0
- Sponsored links:
-
MrOneLung said:Henry Irving said:seth plum said:Never heard of them, no idea what they do to get money.4
-
12 month accounts to April 2021 (consolidated)
Turnover £350m
Operating profit £3.7m
Net loss £22m (prior year loss £17m)
Fixed assets £158m
Current assets £396m (incl cash of £69m)
Liabilities £476m
Net worth negative £79m (prior year negative £55m)
On the face of it, awful
BUT during the year the group acquired 15 other businesses, raised £1bn in debt from one lender and a new £40m revolving credit line from NatWest - it’s EBITDA has grown from £17m in 2017 to £40m in 2021, and turnover has grown from £111m in 2017 to £350m in 2021
Clearly a business that is on a huge growth and acquisition strategy
My only reservation - and this is me being the boring risk averse banker - it’s growth is all funded by debt - sometimes that works, sometimes it doesn’t - but we are now in a world of rising interest rates and inflation …….6 -
Jesus wept, what have we become.
Pre internet when a sponsor was announced we used to give it a nano second to digest, then the main question was what would the new shirt look like.
Fast forward and now a full investigation is carried out on said sponsor including financials, board of directors and strategy.9 -
We have become more suspicious I suppose.0
-
eaststandmike said:Jesus wept, what have we become.
Pre internet when a sponsor was announced we used to give it a nano second to digest, then the main question was what would the new shirt look like.
Fast forward and now a full investigation is carried out on said sponsor including financials, board of directors and strategy.
4 -
great that an innovative and fast growing company has faith in the Addicks .. RSK though looks like a prime target for a hedge fund takeover before too long0
-
Charlton do seem to have a track record of sponsors going out of business.. I can think of 2 or 30
-
cafcfan1990 said:Based in Cheshire. I’m presuming we’ve got Southall to thank for this one?4
-
Lordflashheart said:12 month accounts to April 2021 (consolidated)
Turnover £350m
Operating profit £3.7m
Net loss £22m (prior year loss £17m)
Fixed assets £158m
Current assets £396m (incl cash of £69m)
Liabilities £476m
Net worth negative £79m (prior year negative £55m)
On the face of it, awful
BUT during the year the group acquired 15 other businesses, raised £1bn in debt from one lender and a new £40m revolving credit line from NatWest - it’s EBITDA has grown from £17m in 2017 to £40m in 2021, and turnover has grown from £111m in 2017 to £350m in 2021
Clearly a business that is on a huge growth and acquisition strategy
My only reservation - and this is me being the boring risk averse banker - it’s growth is all funded by debt - sometimes that works, sometimes it doesn’t - but we are now in a world of rising interest rates and inflation …….
The positive view, from semi-financially literate me, on that is that £1bn loan/debt is approx three years turnover and it has been spent, it appears, on growth and income generating acquisitions.
So if the 15 other business do well, and I presume there is some synergy between them and RSK as a group, then those top line figures will improve over the next 5 to 10 years.
My guess is that the annual payments to Charlton are, at best, six figures so not hugely significant on the P & L.
The doom and glom view (and so the most popular on CL) is that they are loaded with debt and so must be a bunch of crooks. (this is not my view BTW).1 - Sponsored links:
-
Lordflashheart said:12 month accounts to April 2021 (consolidated)
Turnover £350m
Operating profit £3.7m
Net loss £22m (prior year loss £17m)
Fixed assets £158m
Current assets £396m (incl cash of £69m)
Liabilities £476m
Net worth negative £79m (prior year negative £55m)
On the face of it, awful
BUT during the year the group acquired 15 other businesses, raised £1bn in debt from one lender and a new £40m revolving credit line from NatWest - it’s EBITDA has grown from £17m in 2017 to £40m in 2021, and turnover has grown from £111m in 2017 to £350m in 2021
Clearly a business that is on a huge growth and acquisition strategy
My only reservation - and this is me being the boring risk averse banker - it’s growth is all funded by debt - sometimes that works, sometimes it doesn’t - but we are now in a world of rising interest rates and inflation …….0 -
DubaiCAFC said:Charlton do seem to have a track record of sponsors going out of business.. I can think of 2 or 3
No recently.
Last five all still around
KW
Betdaq
Andrews
University of Greenwich
KRBS
Others like Mesh and Viglin still around in different forms (Viglin were bought by Amstrad IIRC)
Woolwich were absorbed by Barclays, Fads went but a long time after our deal ended.
Llanera and all:sports went under but I think Cabrini are still around.
Not sure about Sunley Builders1 -
Henry Irving said:Lordflashheart said:12 month accounts to April 2021 (consolidated)
Turnover £350m
Operating profit £3.7m
Net loss £22m (prior year loss £17m)
Fixed assets £158m
Current assets £396m (incl cash of £69m)
Liabilities £476m
Net worth negative £79m (prior year negative £55m)
On the face of it, awful
BUT during the year the group acquired 15 other businesses, raised £1bn in debt from one lender and a new £40m revolving credit line from NatWest - it’s EBITDA has grown from £17m in 2017 to £40m in 2021, and turnover has grown from £111m in 2017 to £350m in 2021
Clearly a business that is on a huge growth and acquisition strategy
My only reservation - and this is me being the boring risk averse banker - it’s growth is all funded by debt - sometimes that works, sometimes it doesn’t - but we are now in a world of rising interest rates and inflation …….
The positive view, from this semi-financially literate poster, on that is that £1bn loan/debt is approx three years turnover and it has been spent, it appears, on growth and income generating acquisitions.
So if the 15 other business do well, and I presume there is some synergy between them and RSK as a group, then those top line figures will improve over the next 5 to 10 years.
My guess is that the annual payments to Charlton are, at best, six figures so not hugely significant on the P & L.
The doom and glom view (and so the most popular on CL) is that they are loaded with debt and so must be a bunch of crooks. (this is not my view BTW).
I am not in the ‘doom and gloom’ club, as I have seen these strategies many times over the years - some work, some don’t - at the end of the day, in my experience, whilst there are outside forces that a business cannot control (interest rates, inflation, a mad Russian who starts a war etc), it’s really about the people who run the business and their skills and abilities
The company is long established (1999), so no ‘new kid on the block’
As for those criticising those of us who have delved into the background of a new sponsor, if you are not interested, fair enough, but there are others who are - the modern world gives us access to huge amounts of information, why not take advantage of that
To put it another way, remember ITV Digital - many football league clubs went on a spending spree when the deal was signed with them to televise matches (Gillingham were a notable victim) and when ITV Digital collapsed, it created serious financial problems for those clubs who had already spent the future contracted revenues, which of course never arrived - for me it’s the same as signing a major new sponsor i.e. are they financially sound / what if they went bust ?2 -
Lordflashheart said:12 month accounts to April 2021 (consolidated)
Turnover £350m
Operating profit £3.7m
Net loss £22m (prior year loss £17m)
Fixed assets £158m
Current assets £396m (incl cash of £69m)
Liabilities £476m
Net worth negative £79m (prior year negative £55m)
On the face of it, awful
BUT during the year the group acquired 15 other businesses, raised £1bn in debt from one lender and a new £40m revolving credit line from NatWest - it’s EBITDA has grown from £17m in 2017 to £40m in 2021, and turnover has grown from £111m in 2017 to £350m in 2021
Clearly a business that is on a huge growth and acquisition strategy
My only reservation - and this is me being the boring risk averse banker - it’s growth is all funded by debt - sometimes that works, sometimes it doesn’t - but we are now in a world of rising interest rates and inflation …….
6 -
Henry Irving said:Lordflashheart said:12 month accounts to April 2021 (consolidated)
Turnover £350m
Operating profit £3.7m
Net loss £22m (prior year loss £17m)
Fixed assets £158m
Current assets £396m (incl cash of £69m)
Liabilities £476m
Net worth negative £79m (prior year negative £55m)
On the face of it, awful
BUT during the year the group acquired 15 other businesses, raised £1bn in debt from one lender and a new £40m revolving credit line from NatWest - it’s EBITDA has grown from £17m in 2017 to £40m in 2021, and turnover has grown from £111m in 2017 to £350m in 2021
Clearly a business that is on a huge growth and acquisition strategy
My only reservation - and this is me being the boring risk averse banker - it’s growth is all funded by debt - sometimes that works, sometimes it doesn’t - but we are now in a world of rising interest rates and inflation …….
The positive view, from this semi-financially literate poster, on that is that £1bn loan/debt is approx three years turnover and it has been spent, it appears, on growth and income generating acquisitions.
So if the 15 other business do well, and I presume there is some synergy between them and RSK as a group, then those top line figures will improve over the next 5 to 10 years.
My guess is that the annual payments to Charlton are, at best, six figures so not hugely significant on the P & L.
The doom and glom view (and so the most popular on CL) is that they are loaded with debt and so must be a bunch of crooks. (this is not my view BTW).
Is this fair?
20% yes
78 % no
5% unsure1 -
iaitch said:Bit of a risk.0
-
After all these years, finally working in civil engineering consultancy comes in handy.
RSK are a fairly big name in our industry, and well respected. "Consultant" doesn't mean the same thing for us as in most industries - in engineering the standard arrangement is that the consultants design things, then contractors build it. Yes, they will be providing advice about environmental or planning matters, but a lot of their work will be designing the solution to the problem, not just writing reports with advice. There's a lot of overlap between civil engineering and environmental work, due to the big environmental impacts that engineering projects can have, meaning lots of work for environmentalists to try to design out the problems. RSK have specialised more in the planning and environment side of things, while the names you may have heard of as designers of bridges or roads, like Arup or Atkins, specialise more in the engineering, but all basically do both.
This is going to put me in an interesting situation at company sports events, as they're technically commercial rivals to my employers, albeit different specialisations mean we don't often bid against each other. Not going to be a great career move to wear a Charlton shirt with their logo on.13 -
SheffieldRed said:Henry Irving said:Lordflashheart said:12 month accounts to April 2021 (consolidated)
Turnover £350m
Operating profit £3.7m
Net loss £22m (prior year loss £17m)
Fixed assets £158m
Current assets £396m (incl cash of £69m)
Liabilities £476m
Net worth negative £79m (prior year negative £55m)
On the face of it, awful
BUT during the year the group acquired 15 other businesses, raised £1bn in debt from one lender and a new £40m revolving credit line from NatWest - it’s EBITDA has grown from £17m in 2017 to £40m in 2021, and turnover has grown from £111m in 2017 to £350m in 2021
Clearly a business that is on a huge growth and acquisition strategy
My only reservation - and this is me being the boring risk averse banker - it’s growth is all funded by debt - sometimes that works, sometimes it doesn’t - but we are now in a world of rising interest rates and inflation …….
The positive view, from this semi-financially literate poster, on that is that £1bn loan/debt is approx three years turnover and it has been spent, it appears, on growth and income generating acquisitions.
So if the 15 other business do well, and I presume there is some synergy between them and RSK as a group, then those top line figures will improve over the next 5 to 10 years.
My guess is that the annual payments to Charlton are, at best, six figures so not hugely significant on the P & L.
The doom and glom view (and so the most popular on CL) is that they are loaded with debt and so must be a bunch of crooks. (this is not my view BTW).
Is this fair?
20% yes
78 % no
5% unsureVery good0 -
bobmunro said:cafcfan1990 said:Based in Cheshire. I’m presuming we’ve got Southall to thank for this one?
😉0 -
Henry Irving said:DubaiCAFC said:Charlton do seem to have a track record of sponsors going out of business.. I can think of 2 or 3
No recently.
Last five all still around
KW
Betdaq
Andrews
University of Greenwich
KRBS
Others like Mesh and Viglin still around in different forms (Viglin were bought by Amstrad IIRC)
Woolwich were absorbed by Barclays, Fads went but a long time after our deal ended.
Llanera and all:sports went under but I think Cabrini are still around.
Not sure about Sunley Builders0