Show me the money!

[JakePlay77]

According to the limited company law every limited company should have shareholder list and it should be available to anyone if requested. In Finland operating limited company is (should be) visible so there are many regulations these companies must obey. Shareholder list is one of them and also publishing the finacial statement annually to PRH for available to everyone who are interested in it. Sports Gamer Oy is breaking now at least one regulation which is that the financial statements are not public for past two years.

[Simbee434]

56 minuuttia sitten, JakePlay77 kirjoitti:

According to the limited company law every limited company should have shareholder list and it should be available to anyone if requested. In Finland operating limited company is (should be) visible so there are many regulations these companies must obey. Shareholder list is one of them and also publishing the finacial statement annually to PRH for available to everyone who are interested in it. Sports Gamer Oy is breaking now at least one regulation which is that the financial statements are not public for past two years.

What rule are they actually breaking? Have you requested their financial statements from PRH? I’ve reviewed the stakeholder (beneficiary) list myself, and anyone can verify the details through the proper channels — including financial reports up to the end of 2022.

Legally, they’re only required to provide these documents to potential lenders or investors to secure funding. As customers or participants, it’s up to each of us to decide whether we want to continue supporting this league.

If they violate these obligations, they can be removed from the Trade Register and EPR immediately until they comply. As of now, they are listed in both.

[JakePlay77]

8 minuuttia sitten, Simbee434 kirjoitti:

 

What rule are they actually breaking? Have you requested their financial statements from PRH? I’ve reviewed the stakeholder (beneficiary) list myself, and anyone can verify the details through the proper channels — including financial reports up to the end of 2022.

Legally, they’re only required to provide these documents to potential lenders or investors to secure funding. As customers or participants, it’s up to each of us to decide whether we want to continue supporting this league.

If they violate these obligations, they can be removed from the Trade Register and EPR immediately until they comply. As of now, they are listed in both.

They have not sent financial reports to PRH. That is why they are not there. You can´t request those from PRH on Sports Gamer Oy financial reports 2023-2024 because they are not sent there. That is really serious offence according to Finnish limited company law. Those documents must be available to everyone who wish to have them. In PRH there is available only documents from 2021 and 2022 but not others. It is simple as that.

They are not requiered to provide financial documents only to investors and lenders. They should be public to everyone who is interested to have them. That is the fact. I am working in accounting and know this law of accounting and limited companies etc.

[JakePlay77]

15 minuuttia sitten, Simbee434 kirjoitti:

 

 

If they violate these obligations, they can be removed from the Trade Register and EPR immediately until they comply. As of now, they are listed in both.

They are at the moment but one day they will be removed from there. There is thousands of companies in that register. PRH removes regularly some of them who have not sent those documents. 

But however, the reason Sports Gamer Oy have not sent financial statements to PRH has most likely something to do that they have not paid these prize moneys. The company who operates correctly sends financial statements to PRH. If they are not sent something is wrong with accounting and operations of the company. Simple as that.