' CRAIG BELLAMY'S COMPANY GOES BUST '

HOMES DEFEAT FOR BELLAMY Former Wales footie ace Craig Bellamy’s firm goes bust with debts of £1.8million


Ex-Premier League star’s company Digger 39 Ltd but has been hit with a High Court winding-up order following unpaid bills


EXCLUSIVE

By Richard Moriarty


30th March 2017


FORMER footie ace Craig Bellamy’s development firm has gone bust with debts of £1.8million.

The ex-Premier League star’s Digger 39 Ltd started work on five new luxury apartments in his home City Cardiff.

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Bells ACADEMY went bust not long ago as well.

Hope bellers hasnt wasted all the money he earned

Hope bellers hasnt wasted all the money he earned

I don't think the African Academy was a 'waste', wez

Certainly not for the want of trying. He must be devastated that it failed

His house is worth well over £1.2 million. Maybe there is more to the company going bust than just him pumping money into something any longer and getting nothing back. Loads do similar, just he is a celebrity and the press love a story like this!

His house is worth well over £1.2 million. Maybe there is more to the company going bust than just him pumping money into something any longer and getting nothing back. Loads do similar, just he is a celebrity and the press love a story like this!

Wouldn't be surprised if he's a partner in business and not sole owner!

HOMES DEFEAT FOR BELLAMY Former Wales footie ace Craig Bellamy’s firm goes bust with debts of £1.8million
Ex-Premier League star’s company Digger 39 Ltd but has been hit with a High Court winding-up order following unpaid bills
EXCLUSIVE

By Richard Moriarty


30th March 2017


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FORMER footie ace Craig Bellamy’s development firm has gone bust with debts of £1.8million.

The ex-Premier League star’s Digger 39 Ltd started work on five new luxury apartments in his home city Cardiff.

The liquidation happened over two months ago. David Hill and Huw Powell of Begbies are the liquidators

Hope bellers hasnt wasted all the money he earned

I don't think the African Academy was a 'waste', wez

Certainly not for the want of trying. He must be devastated that it failed

the idea was fantastic but probably ill thought through it was always going to need a continuous stream of money ploughed in .
the article in the press dwelled on the downsides i hope there were also beneficiaries .
i think what wez was getting at is that we often see football millionaires blowing fortunes on booze,drugs,gambling and high living be a real shame to see one broke through trying to do good.

Hope bellers hasnt wasted all the money he earned

Exactly what i was saying

I don't think the African Academy was a 'waste', wez

Certainly not for the want of trying. He must be devastated that it failed

the idea was fantastic but probably ill thought through it was always going to need a continuous stream of money ploughed in .
the article in the press dwelled on the downsides i hope there were also beneficiaries .
i think what wez was getting at is that we often see football millionaires blowing fortunes on booze,drugs,gambling and high living be a real shame to see one broke through trying to do good.

Exactly what i was saying

hes doing exactly what swansea town done, go into liquidation, pass your assets, in to another name, and hey, once the baliffs have been around, you can offer them a price , to stop it going to court, seen it before, its the new wave in buisness, bellamy has been lectured on this, owes a building company, travis perkings, 1. 5 million,, this is how the rich live, me and you wont get away with it, take our houses, cars, you got the top people behind you, and you got money, the world is your oyster,

So a lot of people are owed money,£1.8 million's worth

Bellars is a director of a number of companies including those below.
A lot of those directorships with the film companies include involvement from other footballers.

PIER 64 LIMITED (09337429)
CBF ENTERPRISES LIMITED (08880856)
C D BELLAMY LIMITED (05726596)
CHERWELL FILMS LLP (OC307696)
ORWELL FILMS LLP (OC307697)
PISCES FILMS LLP (OC304205)
STUART FILMS LLP (OC301881)
TUDOR FILMS LLP (OC301885)
ZEUS FILMS LLP (OC301879)


Insolvency for DIGGER 39 LIMITED (08260637)
Case number 1 — Compulsory liquidation 
Petition date 28 October 2016
Commencement of winding up 3 November 2016
Practitioner The Official Receiver Or London
2nd Floor, 4 Abbey Orchard Street, Westminster, London, SW1P 2HT
Practitioner Huw Powell 1st Floor North Anchor Court, Keen Road, Cardiff, South Glamorgan, CF24 5JW

The building firm is kind of linked to the Sierra Leone academy he set up, his partner in the digger39 business was working out in Sierra Leone and that's why Craig went out, 10% of all profits of the building firm were to go to the academy in Sierra Leone.

I hope none of those film companies are anything like this one.

http://citywire.co.uk/new-model-adviser ... nt/a956187

I hope none of those film companies are anything like this one.

http://citywire.co.uk/new-model-adviser ... nt/a956187

I believe they are.

hes doing exactly what swansea town done, go into liquidation, pass your assets, in to another name, and hey, once the baliffs have been around, you can offer them a price , to stop it going to court, seen it before, its the new wave in buisness, bellamy has been lectured on this, owes a building company, travis perkings, 1. 5 million,, this is how the rich live, me and you wont get away with it, take our houses, cars, you got the top people behind you, and you got money, the world is your oyster,

It doesn't quite work like that. If you have personal loans in your name then yes you are personally liable for them and bailiffs can remove goods, seize assets or sell your home etc.

However, CB has set up a Limited Company which means any liabilities are limited to the value of the shares in the Company. It is highly likely that the shares in this Company are worth next to nothing, a couple of hundred pounds at most and that would be CB's personal liability if he was the sole share owner, unless he has personally guaranteed any loans which again would be highly unlikely. It is also possible that he is one of the creditors who is owed money by the Company.

The law allows is to happen to encourage entrepreneurs with start up Companies otherwise the economy wouldn't grow because of those which do succeed. Starting a business is fraught with difficulties without running the risk of losing your home/savings and that is why the Limited Company status exists.

Mind you that doesn't stop some people taking the piss and 'phoenix' Companies are a real problem. Also a certain ex-CEO of ours took advantage to write off thousands in unpaid tax.

The building firm is kind of linked to the Sierra Leone academy he set up, his partner in the digger39 business was working out in Sierra Leone and that's why Craig went out, 10% of all profits of the building firm were to go to the academy in Sierra Leone.

Good post.

The Sierra Leone project was a great idea and CB should receive nothing but praise for his involvement although I'm not quite convinced that he did put in over a £1m. The actual hard cash figure is probably a lot lower than that with the rest made up in time given freely to the project, but still he does deserve full praise for his efforts.

However, long term the project would have needed steady income streams and one would have been the 10% quoted above. It is my understanding that local business would have also contributed but their support was not forthcoming and thus the project was doomed to fail.

A real shame.

No wonder he took the job at Cardiff as manager of all our youth, he was desperate

I very much doubt that is the case. Mind you he is still young and does need to earn a living if only to keep himself occupied. I really hope he makes it but as we know football management is a hard nut to crack although coaching can be very rewarding.

Certainly not for the want of trying. He must be devastated that it failed
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