Mark S wrote:I personally think it is a shame when any business gets into financial trouble, especially relatively small business such as Fraser Eagle who have served us very well in the past and also supported football at League Two level.
I am also not sure that this forum is the right place to be speculating what is, or is not 'believed' to be happening to a small business or peoples jobs.
Errr...Fraser Eagle is most definitely not a small business. It's businesses include(d):
- The UK's largest emergency coach system (in the event of any major accident its Fraser Eagel who sort out the coaches with coach operators all over the country.
- Their coach business
- A holiday company
- A travel agency
- An office furniture contractors
- A train operating company (they ran passenger trains under the name Grand Central from Sunderland and Bradford to London)
Their problem (Fraser Eagle) is that they've gone into businesses they didn't understand, e.g. the train operator and furniture businesses have both gone.
My personal grudge with them is that they needed a website and we beat loads of local firms to be one of two but lost it went the outsourced it to Malta (as well as their IT function) - the result one of the worst and most ineffective websites I've ever seen.
So I have no sympathy. Let their work go to Travellers Choice etc. and they can benefit instead of those that recklessly over-expand and outsource work offshore to people who don't know what they're doing.
EDIT: Turnover of holding company £34 million Jul-06 to Jun-07 with pre-tax profits of £2 million.