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</head><body><p>It's perfectly legal to run at loss as long as you are solvent, ie have enough cash to pay current bills and have enough assets left that you could in theory sell to cover any other liabilities, ie are solvent. Even trading while insolvent can be legal in limited circumstances and time frame. Operating at a loss is routine, and losses from previous and/or future years can be set off against profits in a profitable year when calculating Corporatin Tax liability.<br></p><p><br></p><p>Alex<br></p><blockquote type="cite">On 15 October 2015 at 17:10 Ian Hickling <transplanfm@hotmail.com> wrote:<br><br><div dir="ltr">How the heck can you operate a business - even as part of a larger Group - with such scathing losses?<br>Isn't that Trading in Deficit?<br>Isn't that illegal?<br><br><div><div style="color: #222222; font-family: arial, sans-serif; font-size: 12.8000001907349px; font-style: normal; font-variant: normal; font-weight: normal; text-indent: 0px; text-transform: none; white-space: normal; word-spacing: 0px; background-color: #ffffff;"><span style="font-size: medium;" size="3"><strong>Ian Hickling</strong><br></span></div><span style="color: #222222; font-family: arial,sans-serif; font-style: normal; font-variant: normal; font-weight: normal; text-indent: 0px; text-transform: none; white-space: normal; word-spacing: 0px; background-color: #ffffff; font-size: medium;" size="3"><span style="color: #222222; background-color: #ffffff;">Partner</span></span><br><br><a style="color: #1155cc;" href="http://www.transplanuk.com/" target="_blank"><img src="https://ci4.googleusercontent.com/proxy/2SkDsnIzSZgRbNnNKBSiwxiFhFQWRGV55mTjVL23fulnJpstZmYxeKrrYefY4qxiSgkMrAETld64XINLXCsujE_zI5gAsQyWeCWvHixcrNYtar3Sij4YlVBgN2NSQ-n2DsgZvrnpWZlfwCQ=s0-d-e1-ft#http://www.transplanuk.com/wp-content/uploads/2014/07/transplan_UK_weblogo_190x60.png" alt=""></a><div style="color: #222222; font-family: arial, sans-serif; font-size: 12.8000001907349px; font-style: normal; font-variant: normal; font-weight: normal; text-indent: 0px; text-transform: none; white-space: normal; word-spacing: 0px;"><em><span style="font-size: medium;" size="3">Office: 01635 578435  (7am-11pm UK time)</span></em></div><div style="color: #222222; font-family: arial, sans-serif; font-size: 12.8000001907349px; font-style: normal; font-variant: normal; font-weight: normal; text-indent: 0px; text-transform: none; white-space: normal; word-spacing: 0px;"><em><span style="font-size: medium;" size="3">Carphone: 07530 980115 (only responds when driving)</span></em></div><div style="color: #222222; font-family: arial, sans-serif; font-size: 12.8000001907349px; font-style: normal; font-variant: normal; font-weight: normal; text-indent: 0px; text-transform: none; white-space: normal; word-spacing: 0px;"><em><span style="font-size: medium;" size="3">6 Horn Street, Compton, NEWBURY, RG20 6QS</span></em></div></div><br><br><div><hr id="stopSpelling">From: marilyn@northernvisions.org<br>Date: Thu, 15 Oct 2015 16:49:14 +0100<br>To: bill.best@commedia.org.uk<br>CC: comtv-l@commedia.org.uk; cma-l@mailman.commedia.org.uk<br>Subject: Re: [cma-l] [comtv-l] Local TV in trouble<br><br>The Guardian reported losses of £19.1million last year… and £30 million the year before.<div><br><div><a href="http://www.theguardian.com/media/2014/jul/08/guardian-observer-narrow-losses" target="_blank">http://www.theguardian.com/media/2014/jul/08/guardian-observer-narrow-losses</a><br><div><br></div><div>http://www.theguardian.com/media/2015/jul/30/guardian-observer-publisher-guardian-news-media</div><div><br></div><div><br><div><div>On 15 Oct 2015, at 16:05, Bill Best <bill.best@commedia.org.uk> wrote:</div><br class="ecxApple-interchange-newline"><blockquote><div dir="ltr">There's a rather scathing follow-up opinion piece here:<br><br><a href="http://www.theguardian.com/media/greenslade/2015/oct/14/dont-make-the-bbc-bail-out-the-busted-flush-that-is-local-tv" target="_blank">http://www.theguardian.com/media/greenslade/2015/oct/14/dont-make-the-bbc-bail-out-the-busted-flush-that-is-local-tv</a><br><br><div class="ecxgmail_extra">Bill<br>-- <br clear="all"></div><div class="ecxgmail_extra"><div><div class="ecxgmail_signature"><div dir="ltr"><div><div dir="ltr"><div><div dir="ltr"><div><div dir="ltr"><div><div><div><div><div>Operations Manager<br></div>Community Media Association<br></div><a href="http://www.commedia.org.uk/" target="_blank">http://www.commedia.org.uk</a><br></div><div><a href="https://twitter.com/community_media" target="_blank">https://twitter.com/community_media</a><br></div><div><a href="https://facebook.com/CommunityMediaAssociation" target="_blank">https://facebook.com/CommunityMediaAssociation</a><br><br></div><div> <br></div>Canstream Internet Radio<br></div><a href="http://www.canstream.co.uk/" target="_blank">http://www.canstream.co.uk</a><br></div><a href="https://twitter.com/canstream" target="_blank">https://twitter.com/canstream</a><br></div></div></div></div></div></div></div></div></div><br><div class="ecxgmail_quote">On 14 October 2015 at 12:23, Two Lochs Radio <<a href="mailto:tlr@gairloch.co.uk" target="_blank">tlr@gairloch.co.uk</a>> wrote:<br><blockquote><span style="text-decoration: underline;"></span><div>I see Jeff Henry of Archant is quoted as saying<em> "<a href="http://www.theguardian.com/media/2015/oct/12/bbc-ofcom-help-norwich-tv-station-mustard" target="_blank">...</a>in order for local TV to be commercially viable, it needs more financial support from the BBC and for Ofcom to allow the relaxation of programming regulations."</em><br><br><br><br>Presumably since the company is reported to have lost £657k last year, that is the sort of level of financial support it would need to be viable - that's approaching double the entire Community Radio Fund, just for a single local TV service.<br><br><br><br>Maybe the real answer is that effective small-scale local TV is simply not viable in the way that community radio can be, which is certainly how it looked to me at the start of this scheme, and to a consultation report published by Ofcom, which said:<br><br><br><br><p style="font-size: 17.2549px; font-family: sans-serif; padding-left: 30px;"><span style="font-size: 10pt;"><em>"Only London and Manchester can support a profitable standalone commercial local TV channel, given the levels of investment required to sustain local programming and low audience share and reach achievable by such a TV channel. The commercial prospects for local community TV channels in regions with under 200k homes are poor. Community channels are likely to have little appeal to advertisers and will have to rely on government funding and private donations"<br></em>and</span><br><em><span style="font-size: 10pt;">"...audience share levels required for community TV channels to break even on minimal costs of £300k are highly unlikely to be achievable."</span></em></p><br><br>Alex<br><br><br><br>Also see <a href="http://www.theguardian.com/media/greenslade/2015/oct/14/dont-make-the-bbc-bail-out-the-busted-flush-that-is-local-tv" target="_blank">http://www.theguardian.com/media/greenslade/2015/oct/14/dont-make-the-bbc-bail-out-the-busted-flush-that-is-local-tv</a><br><br><blockquote>On 14 October 2015 at 09:45 Alan Coote <<a href="mailto:alan.coote@5digital.co.uk" target="_blank">alan.coote@5digital.co.uk</a>> wrote:<br><br><br>Surely the lack of money in community radio, in fact local media in general, should have told them life was going to be tough. <br><br><a href="http://www.holdthefrontpage.co.uk/2015/news/regional-publishers-local-tv-channel-lost-657000-last-year/" target="_blank">http://www.holdthefrontpage.co.uk/2015/news/regional-publishers-local-tv-channel-lost-657000-last-year/</a><br><br>Alan<br>____________________<br><br></blockquote></div><br>_______________________________________________<br> <br> Reply - <a href="mailto:cma-l@commedia.org.uk">cma-l@commedia.org.uk</a><br> <br> The cma-l mailing list is a members' service provided by the Community Media Association - <a href="http://www.commedia.org.uk/" target="_blank">http://www.commedia.org.uk</a><br> Twitter: <a href="http://twitter.com/community_media" target="_blank">http://twitter.com/community_media</a><br> <a href="http://www.facebook.com/CommunityMediaAssociation" target="_blank">http://www.facebook.com/CommunityMediaAssociation</a><br> Canstream Internet Radio & Video: <a href="http://www.canstream.co.uk/" target="_blank">http://www.canstream.co.uk/</a><br> _______________________________________________<br> <br> Mailing list guidelines: <a href="http://www.commedia.org.uk/about/cma-email-lists/email-list-guidelines/" target="_blank">http://www.commedia.org.uk/about/cma-email-lists/email-list-guidelines/</a><br> _______________________________________________<br> <br> To unsubscribe or manage your CMA-L mailing list subscription please visit:<br> <a href="http://mailman.commedia.org.uk/mailman/listinfo/cma-l" target="_blank">http://mailman.commedia.org.uk/mailman/listinfo/cma-l</a><br></blockquote></div><br></div></div>_______________________________________________<br><br>comtv-l mailing list - comtv-l@commedia.org.uk<br><br>Community Media Association - www.commedia.org.uk<br>_______________________________________________<br><br>To manage your mailing list subscription please visit:<br>http://mailman.commedia.org.uk/mailman/listinfo/comtv-l</blockquote></div><br><div><div style="color: #000000; text-indent: 0px; text-transform: none; white-space: normal; word-spacing: 0px; word-wrap: break-word;"><div style="color: #000000; text-indent: 0px; text-transform: none; white-space: normal; word-spacing: 0px; word-wrap: break-word;"><div style="font-style: normal; word-wrap: break-word;"><br><br><br></div></div></div></div><br></div></div></div><br>_______________________________________________ Reply - cma-l@commedia.org.uk The cma-l mailing list is a members' service provided by the Community Media Association - http://www.commedia.org.uk Twitter: http://twitter.com/community_media http://www.facebook.com/CommunityMediaAssociation Canstream Internet Radio & Video: http://www.canstream.co.uk/ _______________________________________________ Mailing list guidelines: http://www.commedia.org.uk/about/cma-email-lists/email-list-guidelines/ _______________________________________________ To unsubscribe or manage your CMA-L mailing list subscription please visit: http://mailman.commedia.org.uk/mailman/listinfo/cma-l</div></div></blockquote><p><br> </p><blockquote type="cite">_______________________________________________<br><br>Reply - cma-l@commedia.org.uk<br><br>The cma-l mailing list is a members' service provided by the Community Media Association - http://www.commedia.org.uk<br>Twitter: http://twitter.com/community_media<br>http://www.facebook.com/CommunityMediaAssociation<br>Canstream Internet Radio & Video: http://www.canstream.co.uk/<br>_______________________________________________<br><br>Mailing list guidelines: http://www.commedia.org.uk/about/cma-email-lists/email-list-guidelines/<br>_______________________________________________<br><br>To unsubscribe or manage your CMA-L mailing list subscription please visit:<br>http://mailman.commedia.org.uk/mailman/listinfo/cma-l</blockquote><p><br> </p></body></html>