Whitefront
Well-Known Member
For at least four years Gamebore has been highlighting in its annual reports (see its filings at Companies House, specifically the section in the accounts on "Principal Risks and Uncertainties"), the prospect of "changes in legislation regarding our current products containing lead" as the second of five major risks, but concluded that "The company has strategies to manage these risks, and the directors are actively investing in new machinery and technology. Gamebore has been at the forefront for the past 25 years in alternative non toxic/biodegradeable products, and we remain committed to investing in the future to continue the business success the company has enjoyed."
This report, for the year ending 31 Dec 2018, was approved by the board of directors on 3 September 2019 and signed on behalf of the board by PD James.
So, was the Gamebore board really dealing with a clearly foreseeable risk and investing in non-toxic/biodegradeable products? If they were, why the unholy panic about a five-year voluntary transition? Exactly how long were they going to wait, before international and national legislation caught up with their lead products? And why are they apparently demanding "support", in their joint letter, when they have been trousering profits for years?
Perhaps we could have a response to these questions from Mr Paul James, director, of Gamebore, and the company's auditors, Streets Audit LLP, of Hull?
This report, for the year ending 31 Dec 2018, was approved by the board of directors on 3 September 2019 and signed on behalf of the board by PD James.
So, was the Gamebore board really dealing with a clearly foreseeable risk and investing in non-toxic/biodegradeable products? If they were, why the unholy panic about a five-year voluntary transition? Exactly how long were they going to wait, before international and national legislation caught up with their lead products? And why are they apparently demanding "support", in their joint letter, when they have been trousering profits for years?
Perhaps we could have a response to these questions from Mr Paul James, director, of Gamebore, and the company's auditors, Streets Audit LLP, of Hull?
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