RETAIL FOOD GROUP LIMITED (ASX:RFG) - UK expansion - realistic?, page-3 - HotCopper | ASX Share Prices, Stock Market & Share Trading Forum

Originally posted by dexternot ↑

From the company's website - dated 22 May 2018:

"Global food and beverage company, Retail Food Group (ASX: RFG), has signed a Master Franchise Agreement which will see 13 outlets from its Gloria Jean’s brand open in the United Kingdom in the next 12 months, and 190 outlets within 10 years.
The 20-year agreement has been signed with local businessman, Naweed Nasir, whose other successful business interests have included Green Valley Foods Ltd."
Research on Green Valley Foods Ltd as follows:
From Companies House (UK web page https://beta.companieshouse.gov.uk/company/SC480947/filing-history)[/BCOLOR]

Column 1 Column 2 Column 3

1 06 Jul 2018 Registered office address changed to PO Box 24072, Sc480947: Companies House Default Address, Edinburgh, EH3 1FD on 6 July 2018 View PDF Registered office address changed to PO Box 24072, Sc480947: Companies House Default Address, Edinburgh, EH3 1FD on 6 July 2018 - link opens in a new window - 1 page (1 page)

2 15 Jun 2018 Compulsory strike-off action has been suspended View PDF Compulsory strike-off action has been suspended - link opens in a new window - 1 page (1 page)

3 29 May 2018 First Gazette notice for compulsory strike-off View PDF First Gazette notice for compulsory strike-off - link opens in a new window - 1 page (1 page)

4 03 Aug 2017 Confirmation statement made on 21 July 2017 with no updates View PDF Confirmation statement made on 21 July 2017 with no updates - link opens in a new window - 3 pages (3 pages)

5 14 Jun 2017 Compulsory strike-off action has been discontinued View PDF Compulsory strike-off action has been discontinued - link opens in a new window - 1 page (1 page)

6 13 Jun 2017 First Gazette notice for compulsory strike-off View PDF First Gazette notice for compulsory strike-off - link opens in a new window - 1 page (1 page)

7 11 Jun 2017 Accounts for a dormant company made up to 30 June 2016 View PDF Accounts for a dormant company made up to 30 June 2016 - link opens in a new window - 2 pages (2 pages)Download iXBRL

8 04 Aug 2016 Director's details changed for Mr Naweed Nasir on 4 August 2016 View PDF Director's details changed for Mr Naweed Nasir on 4 August 2016 - link opens in a new window - 2 pages (2 pages)

9 22 Jul 2016 Confirmation statement made on 21 July 2016 with updates View PDF Confirmation statement made on 21 July 2016 with updates - link opens in a new window - 5 pages (5 pages)

10 22 Jul 2016 Compulsory strike-off action has been discontinued View PDF Compulsory strike-off action has been discontinued - link opens in a new window - 1 page (1 page)

11 21 Jul 2016 Registered office address changed from 10 Langshot Street Glasgow G51 1LY Scotland to 7 Rhannan Road Glasgow G44 3AZ on 21 July 2016 View PDF Registered office address changed from 10 Langshot Street Glasgow G51 1LY Scotland to 7 Rhannan Road Glasgow G44 3AZ on 21 July 2016 - link opens in a new window - 1 page (1 page)

12 21 Jul 2016 Accounts for a dormant company made up to 30 June 2015

Also see: https://suite.endole.co.uk/insight/company/SC480947-green-valley-foods-ltd[/BCOLOR]
That site provides a review of the company, including key data.

On the face of it Green Valley Foods Ltd (a 100 pound capital company) does not appear to be that successful.
So, how does the forecast for the 13 stores to open within the next 12 months look?

Expand

Dexternot,

Thanks for your research on the UK Master Franchisee

I would expect that RFG will have a store roll out schedule as one of the conditions of the Master Franchise Agreement. If the condition is not met the agreement would be terminated with costs payable by Nasir.

This is standard practice for international master franchise agreements.

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(20min delay)
Last 7.5¢		Change 0.000(0.00%)		Mkt cap ! $186.7M

Open	High	Low	Value	Volume
7.6¢	7.6¢	7.5¢	$10.47K	139.2K

UK expansion - realistic?, page-3

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	Column 1	Column 2	Column 3
1	06 Jul 2018	Registered office address changed to PO Box 24072, Sc480947: Companies House Default Address, Edinburgh, EH3 1FD on 6 July 2018	View PDF Registered office address changed to PO Box 24072, Sc480947: Companies House Default Address, Edinburgh, EH3 1FD on 6 July 2018 - link opens in a new window - 1 page (1 page)
2	15 Jun 2018	Compulsory strike-off action has been suspended	View PDF Compulsory strike-off action has been suspended - link opens in a new window - 1 page (1 page)
3	29 May 2018	First Gazette notice for compulsory strike-off	View PDF First Gazette notice for compulsory strike-off - link opens in a new window - 1 page (1 page)
4	03 Aug 2017	Confirmation statement made on 21 July 2017 with no updates	View PDF Confirmation statement made on 21 July 2017 with no updates - link opens in a new window - 3 pages (3 pages)
5	14 Jun 2017	Compulsory strike-off action has been discontinued	View PDF Compulsory strike-off action has been discontinued - link opens in a new window - 1 page (1 page)
6	13 Jun 2017	First Gazette notice for compulsory strike-off	View PDF First Gazette notice for compulsory strike-off - link opens in a new window - 1 page (1 page)
7	11 Jun 2017	Accounts for a dormant company made up to 30 June 2016	View PDF Accounts for a dormant company made up to 30 June 2016 - link opens in a new window - 2 pages (2 pages)Download iXBRL
8	04 Aug 2016	Director's details changed for Mr Naweed Nasir on 4 August 2016	View PDF Director's details changed for Mr Naweed Nasir on 4 August 2016 - link opens in a new window - 2 pages (2 pages)
9	22 Jul 2016	Confirmation statement made on 21 July 2016 with updates	View PDF Confirmation statement made on 21 July 2016 with updates - link opens in a new window - 5 pages (5 pages)
10	22 Jul 2016	Compulsory strike-off action has been discontinued	View PDF Compulsory strike-off action has been discontinued - link opens in a new window - 1 page (1 page)
11	21 Jul 2016	Registered office address changed from 10 Langshot Street Glasgow G51 1LY Scotland to 7 Rhannan Road Glasgow G44 3AZ on 21 July 2016	View PDF Registered office address changed from 10 Langshot Street Glasgow G51 1LY Scotland to 7 Rhannan Road Glasgow G44 3AZ on 21 July 2016 - link opens in a new window - 1 page (1 page)
12	21 Jul 2016	Accounts for a dormant company made up to 30 June 2015

UK expansion - realistic?, page-3

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