Posh wrote:Gone into administration owing over £100,000.
Apparently Russell is buying the business back under a pre-pack arrangement and will keep trading. Not an easy situation though.
Gnasher wrote:Posh wrote:Gone into administration owing over £100,000.
Apparently Russell is buying the business back under a pre-pack arrangement and will keep trading. Not an easy situation though.
I hope the people who aren't going to get their share of the £100,000 manage to keep trading as well.
Heysham_Shrimp wrote:Gnasher wrote:Posh wrote:Gone into administration owing over £100,000.
Apparently Russell is buying the business back under a pre-pack arrangement and will keep trading. Not an easy situation though.
I hope the people who aren't going to get their share of the £100,000 manage to keep trading as well.
If the majority of the £100,000 is owing to a bank and H M Revenue and Customs then I think they will still be trading
Christies Child wrote:It's simply wrong that a company can close down one night and open up the following day with all debt cleared.
Sod those who are owed money!!!!!!!!
Gnasher wrote:Christies Child wrote:It's simply wrong that a company can close down one night and open up the following day with all debt cleared.
Sod those who are owed money!!!!!!!!
Make a note in the calendar, Gnasher agrees with CC.
Christies Child wrote:It's simply wrong that a company can close down one night and open up the following day with all debt cleared.
Sod those who are owed money!!!!!!!!
Seasider9601 wrote:Christies Child wrote:It's simply wrong that a company can close down one night and open up the following day with all debt cleared.
Sod those who are owed money!!!!!!!!
A certain local large plumbing company did the same.
Seasider9601 wrote:Christies Child wrote:It's simply wrong that a company can close down one night and open up the following day with all debt cleared.
Sod those who are owed money!!!!!!!!
A certain local large plumbing company did the same.
Seasider9601 wrote:Christies Child wrote:It's simply wrong that a company can close down one night and open up the following day with all debt cleared.
Sod those who are owed money!!!!!!!!
A certain local large plumbing company did the same.
Christies Child wrote: thanks to the incompetance of my Accountant!
Christies Child wrote:But as I understand it they are now trading under a different name, but still using the same vehicles with the old name on their side. Hence the possible confussion.
They 'went' due to the non payment by a major building company based in Manchester who got in over their heads with all the city centre buiding projects.
Ntini wrote:Christies Child wrote: thanks to the incompetance of my Accountant!
Which is why all business owners, no matter how big or small the business is, need to understand and be directly involved in their accounts...
Seasider9601 wrote:Christies Child wrote:It's simply wrong that a company can close down one night and open up the following day with all debt cleared.
Sod those who are owed money!!!!!!!!
A certain local large plumbing company did the same.
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