SpackleFrog
Smash showy bell-bottom pants and sporty haircuts
Depends on context, there are plenty of 'left' orgs that dream about those figures.
SWP expulsions and squabbles
- Thread starter Nigel Irritable
- Start date
Depends on context, there are plenty of 'left' orgs that dream about those figures.
comrade spurski
Well-Known Member
the swp has a lot of full timers...journalists, cc members, district organisers, a weekly paper, a monthly mag, a quarterly journal, a annual event etc...others don't
they used to be able to raise the money pretty comfortably ... but not any longer
they used to be able to raise the money pretty comfortably ... but not any longer
Nigel Irritable
Five, Ten, Fifteen Years
They are limited companies. As long as there's been no funny business, the shareholders and directors shouldn't be liable for anything. If (and I am in no way implying that there has been) there has been illegal trading directors could be liable, but as I understand it (and I have no particular expertise in English company law), ceasing to be a director after the event wouldn't remove any liability. Short version: that suggestion is extremely unlikely.
That aside, the SWP are likely to be in serious financial trouble over the next while. Presumably they've saved some costs by getting rid of oppositionalists full timers and not replacing them. But there's no way that can balance up with recent and future losses in terms of subs, publication sales, appeal money, Marxism, etc.
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SpackleFrog
Smash showy bell-bottom pants and sporty haircuts
That's one aspect of it. But another aspect is strategy/ideas/tactics-I often get the impression a lot of regroupment/obsession with structures is sort of driven by a self-conscious lack of any idea what to do next. I'm (reluctantly) a student, a Marxist and ergo (to my lasting shame, particularly given my age) part of the student movement. In Sheffield every year they go through this daft process of what was wrong with "the structures" last year and how to make them work this year...which is really a kind of cover for the fact that they have no fucking idea what they want to do.
This may be of less relevance outside the bubble of the student movement though, idk, I am in the truly dreadful position of being both a student and tutor taking strike action so I have to talk to them all a lot and its being doing my head in. It's like watching lots of versions of your younger self fucking up, again and again, forever and ever.
The39thStep
Urban critical thinker
A man with far too much time on his hands
SpackleFrog
Smash showy bell-bottom pants and sporty haircuts
Nigel Irritable
Five, Ten, Fifteen Years
Nothing much of interest in the Weekly Worker, apart from the story of how the faction managed to get one delegate from Manchester, a stronghold of the rabid.
Like every region, Manchester is entitled to huge numbers of delegates based on fictitious membership figures. This means that the loyalists actually have a problem producing enough warm bodies to take them all. Which means that they have been mobilising long inactive people to take those spots, presumably after priming them to think that the party is under attack, etc. one of those people in Manchester seems to have turned up, been selected as a delegate and, after listening to the debate, promptly joined the faction. I hope s/he has a car, because I doubt if the journey down with 30 odd headbangers will be too much fun.
Like every region, Manchester is entitled to huge numbers of delegates based on fictitious membership figures. This means that the loyalists actually have a problem producing enough warm bodies to take them all. Which means that they have been mobilising long inactive people to take those spots, presumably after priming them to think that the party is under attack, etc. one of those people in Manchester seems to have turned up, been selected as a delegate and, after listening to the debate, promptly joined the faction. I hope s/he has a car, because I doubt if the journey down with 30 odd headbangers will be too much fun.
butchersapron
Bring back hanging
Nigel Irritable
Five, Ten, Fifteen Years
There's some protest this evening at Bristol University against the presence of SWP "rape apologists" on campus.
(It's worth noting that the tweets I've seen about it seem to be from Labour people.)
(It's worth noting that the tweets I've seen about it seem to be from Labour people.)
butchersapron
Bring back hanging
Neither side have two members. Irrelevant in the city and to left organising.
Nigel Irritable
Five, Ten, Fifteen Years
Sure. But actually more interesting that this is happening if they've already declined to irrelevance.
Unless "net worth" has a special meaning here that's escaped me, those figures don't add up.
Their liabilities exceed their assets by £32,374.
Either way, on the face of it, they're "trading while insolvent", which is an offence by the directors of the time - as noted, not avoidable by resigning later.
In practice, it's at least at the far edge of the "solvent as a going concern" let-out, which is accountant-speak for "let us assume an upturn soon".
imposs1904
Thread Killa'
A bit harsh. I'm really surprised how he's kept his good temper through all this. It must be his good breeding.
an upturn in the class struggle presumably
SpackleFrog
Smash showy bell-bottom pants and sporty haircuts
Have you seen him lately? He's grown a tache, presumably to hide his identity. Do you know specifically why he was banned from the occupation perchance?
SpineyNorman
Inappropriate content removed
Because he's an unlikeable cunt? Regardless of politics, I'd not want that twat anywhere near anything I was involved in. For once the student left in Sheffield does something I agree with!
P.S. £20 tomorrow - don't think I've forgotten
SpackleFrog
Smash showy bell-bottom pants and sporty haircuts
Yes, granted, but what was their reasoning? Why will they not allow him near a meeting or action but they will work with other loyalist SWP members?
SpineyNorman
Inappropriate content removed
Maybe it really is because he's a massive twat? 
That was the political pun I intended.
love detective
there's no love too small
Those summary figures are misleading as they don't show all components of the balance sheet - there is another £165k of long term creditors that are not included in the liabilities number quoted. This £165k plus the £32k of you refer to above gives the net worth figure quoted of minus £197k
But having a negative net worth is not the same as being insolvent - to determine that you need to know more about the liabilities than what are disclosed in statutory accounts
leyton96
NGO's selling privilege checking solutions
Thanks for that explanation, those figures did puzzle me a bit.
If you are using Company Check for free then they just give you the bare bones figures. To get the actual accounts you gotta cough up some cash. Even an incurable gossip like me isn't prepared to do that. It would be like paying for the Weekly Worker.
how much is it?
Like: to whom is it owed, and when are they going to call it in? A sign of fragility?
love detective
there's no love too small
You can get company accounts for free from Company Check. Just register for the free account option and that entitles you to 100 requests a month. If you need more than that you can just register another account with another email address to get another 100 free a month, and so on.
The subscription options cover other kind of reports on companies (risk reports, credit scores, CCJ's, mortgages against company assets etc..) but the basic company accounts are free (note small companies have various exemptions from what they have to report which makes their statutory accounts not that useful in finding out stuff about them, but they are a good start)
love detective
there's no love too small
Yeah all that and more i.e. what legal right, if any, they have to demand payment sooner rather than later, are they likely to let the debt roll over even upon reaching the legal payment date etc, plus similar information about liquidity of assets or how easily assets could be turned into cash to pay upcoming liabilities that can't be pushed back, and also things like whether existing creditors and shareholders have agreed to provide further support
Karmickameleon
Too long in exile
From David Renton's blog:
In the SWP, we tried to prohibit for a time our members having jobs in the union bureaucracy or even on 100% facility time. Unfortunately our former National Secretary had a number of friends in these positions, so we maintained the rule, but applied it arbitrarily. In some cases, through the party’s ignorance of what its members were up to; we didn’t apply it at all. Should we have kept the comrade who serves in the bureaucracy, as a very senior manager (i.e. with a power to hire and fire), and who has an OBE for his services to trade unionism? Does it make a difference that he is one of the kindest and most genuine people you will ever meet, as well as a committed revolutionary?
Surely he's not referring to Nick G!
In the SWP, we tried to prohibit for a time our members having jobs in the union bureaucracy or even on 100% facility time. Unfortunately our former National Secretary had a number of friends in these positions, so we maintained the rule, but applied it arbitrarily. In some cases, through the party’s ignorance of what its members were up to; we didn’t apply it at all. Should we have kept the comrade who serves in the bureaucracy, as a very senior manager (i.e. with a power to hire and fire), and who has an OBE for his services to trade unionism? Does it make a difference that he is one of the kindest and most genuine people you will ever meet, as well as a committed revolutionary?
Surely he's not referring to Nick G!
I'm intrigued.
butchersapron
Bring back hanging
Name him.
imposs1904
Thread Killa'
whoever it is it can never top an anarchist with a knighthood.
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