Datacenters: Colocation vs. Cloud
-
@scottalanmiller said:
@thecreativeone91 said:
You mean like all Hostipals who make some of the biggest $$ in america, yet are 501(c)3 non profits. yeah makes sense.
No, private firms and non-profits are different. I don't know how the reporting works for a non-profit. I thought that all non-profits were public but I've never run one or set one up so have no idea. Can't speak to what non-profits do.
For profit corporations. Those filed with LLC, Corp S or Corp C (and not Corp B) in the US. These are the potential private company types.
Yes, I know. I was referring to the fortune 1000. 501(c)3's are public as required by the IRS. If they don't release the information to you, you can report them to the IRS. Hospitals are mostly nonprofit 501(c)3's but have some of the biggest money in america.
-
@thecreativeone91 said:
@scottalanmiller said:
@thecreativeone91 said:
You mean like all Hostipals who make some of the biggest $$ in america, yet are 501(c)3 non profits. yeah makes sense.
No, private firms and non-profits are different. I don't know how the reporting works for a non-profit. I thought that all non-profits were public but I've never run one or set one up so have no idea. Can't speak to what non-profits do.
For profit corporations. Those filed with LLC, Corp S or Corp C (and not Corp B) in the US. These are the potential private company types.
Yes, I know. I was referring to the fortune 1000. 501(c)3's are public as required by the IRS. If they don't release the information to you, you can report them to the IRS. Hospitals are mostly nonprofit 501(c)3's but have some of the biggest money in america.
Yeah, that makes sense. Bit this little Scottish company is very likely private and that profit / debt info is likely completely false.
-
All limited companies in the UK, whether privately owned or publicly owned, have to submit annual accounts to companies house UK.
They can't fake those records. You can order copies of a companies accounts from the very body which issues company numbers.
http://wck2.companieshouse.gov.uk/@scottalanmiller said:
Yeah, that makes sense. Bit this little Scottish company is very likely private and that profit / debt info is likely completely false.
If I bother to pay the admin fee, I can tell you for a fact if they are true or not.
-
@Breffni-Potter said:
All limited companies in the UK, whether privately owned or publicly owned, have to submit annual accounts to companies house UK.
They can't fake those records. You can order copies of a companies accounts from the very body which issues company numbers.
http://wck2.companieshouse.gov.uk/Wow, totally different than the US. A private company is considered a private person and their financial data is sacred.
-
@Breffni-Potter said:
If I bother to pay the admin fee, I can tell you for a fact if they are true or not.
Interesting. How much does that cost?
-
@scottalanmiller said:
Wow, totally different than the US. A private company is considered a private person and their financial data is sacred.
No matter if it has 1000 directors or just 1, everything must be disclosed to companies house.
If you try and BS me by saying you have millions in infrastructure that you own and control as a company, I can quickly call your bluff, much better system, honesty is the best policy.
-
@scottalanmiller said:
Interesting. How much does that cost?
£1 per document.
So if I want all 4 years of accounts, £4.
Shall I order one and see if their figures stand up?
-
@Breffni-Potter said:
@scottalanmiller said:
Wow, totally different than the US. A private company is considered a private person and their financial data is sacred.
No matter if it has 1000 directors or just 1, everything must be disclosed to companies house.
If you try and BS me by saying you have millions in infrastructure that you own and control as a company, I can quickly call your bluff, much better system, honesty is the best policy.
I agree that honesty is good. But this is a question of transparency, not honestly. Transparency might promote honesty, but they aren't one and the same.
-
@scottalanmiller Yes I agree.
Still, comes in very useful when filtering through BS that you get.
Again, if I was to really push them, I'd ask my contacts at Roland if they have ever heard of these guys.
-
What all data is included in there? All their bank data? Their loans? Pay rates of employees? List of employees?
-
Can't remember off the top of my head, I'll order one just for curiosity.
-
@Hubtech We offer ESXI as a service. Sorry for the late response.
-
@Breffni-Potter said:
Can't remember off the top of my head, I'll order one just for curiosity.
Yeah, for one pound it would be interesting to see.
-
For example, in the US you can't even get a list of investors. I think you can get the executives, the necessary people for legal contact, but that is pretty much it. Just the declared responsible parties.
-
@scottalanmiller said:
For example, in the US you can't even get a list of investors. I think you can get the executives, the necessary people for legal contact, but that is pretty much it. Just the declared responsible parties.
Not executives just the registered agent. which is generally a lawyer.
-
Ok dokey. There's a rule about sharing it out but what I can tell you is.
The figures on the official .gov report are identical to what is on the web page, there are just more of them, mostly irrelevant accounting journals.
I do not have
Employee lists, employee pay, or anything like that.
I just have the total profit, assets, losses for that year and for the previous year as a comparison.
-
@thecreativeone91 said:
@scottalanmiller said:
For example, in the US you can't even get a list of investors. I think you can get the executives, the necessary people for legal contact, but that is pretty much it. Just the declared responsible parties.
Not executives just the registered agent. which is generally a lawyer.
I thought that, for example, Danielle had to be listed for NTG. Maybe she does not. But as the senior executive I had the feeling that she was forcibly public. But that makes sense that only an agent could be involved.
-
@Breffni-Potter said:
I just have the total profit, assets, losses for that year and for the previous year as a comparison.
That was fast. Very interesting. Certainly had no idea that the UK made that all public, even for private companies. Doesn't tell us what their investment backing is though, right? So we have no idea if they have a billion sitting ready to back them or nothing. How would it? I don't even know how an angel investor that hasn't put the money in yet would be reported.
-
That's way over my head but considering they've been "trading" for 15 years, what's this mystery investor waiting for?
Also, the fact that they are just renting space at Code42 as of April-15, just looks like a reseller outfit rather than a full hosted provider.
-
@Breffni-Potter said:
That's way over my head but considering they've been "trading" for 15 years, what's this mystery investor waiting for?
NTG is sixteen and still has angels available to it. You don't just invest money for no reason, you only do it when money is what is needed. Just throwing money into a company with no specific need is a complete waste. That's why startups have funding rounds. Spiceworks is a great example. A decade of continuously getting new funding. Why? Because they didn't need a billion on day one, they needed a few hundred thousand to get a proof of concept out the door. Then they needed a million or two to keep the lights on for a few years and demonstrate a market. Then they went for a few million more a few years later to expand scope. Then they got a bunch to prep for an IPO, etc.
At each stage, investors put in only the amount determined to be best for maximum efficiency. They don't want companies just sitting on cash piles with no use for it, that money could be making money somewhere else like a new business idea or venture or, if no good option exists, in a good Index fund making nearly 10% per year reliably.
