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Re: Admin Fees and Consultants Pay

Posted: 08:07 04 Oct 2011
by monkeywrench
To be fair guys we were warned of the exorbitant costs of administration way back when lots of people on here were clamouring for it.

The whole process leaves a very nasty taste in the mouth.

Re: Admin Fees and Consultants Pay

Posted: 08:19 04 Oct 2011
by JonB
Babararacucudada wrote:
This report has been lodged with the Department of Business, Innovation and Skills but its contents are to remain confidential.


Why?

I would have thought that the various creditors who have lost money, employees who have lost their jobs or those who have not been properly paid for months and other non-director shareholders might be very interested in the contents of this report.

I would expect the Herald to be making an application to see this document because it is clearly in the public interest to know what it contains.

Time for a request under the Freedom Of Information Act, I reckon.


Because, hypothetically at least, the information provided may form part of a criminal prosecution. As such it's entirely proper that this information remains confidential until any decision to take formal action has been yeh'd or neh'd.

Re: Admin Fees and Consultants Pay

Posted: 08:25 04 Oct 2011
by bandwagon
Peter_Jones wrote:
PL2 3DQ wrote:
bandwagon wrote: 'Consultancy fees', thought to have been paid to three people, including acting club chairman Peter Ridsdale, total £50,500.

Thought Ridsdale said he had not been paid?



One other consultant would be football agent Jamie Hart.



Well I reckon the £150 for "office holder fees" may well point in the direction of Mr Ridsdale, with Jamie Hart and others in the consultancy box.



To be honest Peter I thought £50k seemed a bit low to split between 3 - so it's been hidden in incidentals then!! :twisted: :twisted: :twisted: :twisted:

Re: Admin Fees and Consultants Pay

Posted: 08:26 04 Oct 2011
by JonB
To add - I'm a touch surprised at the astonishment being shown about these fees...

Distasteful or not, administration was always going to cost 'us' in the region of a million pounds & I'm pretty sure we discussed this sort of figure when, at least some of us on here, were clamouring to take the administration route.

That the legal profession has a licence to print money isn't breaking news.

Re: Admin Fees and Consultants Pay

Posted: 08:28 04 Oct 2011
by JonB
And.....

I wonder which account holds the financial details for the flights to Monte Carlo / America, etc .... Cattle class or business class??

Re: Admin Fees and Consultants Pay

Posted: 08:34 04 Oct 2011
by monkeywrench
JonB wrote: To add - I'm a touch surprised at the astonishment being shown about these fees...

Distasteful or not, administration was always going to cost 'us' in the region of a million pounds & I'm pretty sure we discussed this sort of figure when, at least some of us on here, were clamouring to take the administration route.

That the legal profession has a licence to print money isn't breaking news.


I agree. A point I tried making earlier on in this thread Jon.

Re: Admin Fees and Consultants Pay

Posted: 08:53 04 Oct 2011
by evil_dave86
I don't think it was a choice in the end, was it? HMRC were all over us and we didn't have any cash.

Liquidation or Administration, you choose?

Re: Admin Fees and Consultants Pay

Posted: 08:59 04 Oct 2011
by Andy_S
I'm a touch surprised at the astonishment being shown about these fees...


To be honest Jon, it's not the fees but the basic maths - you see if you can come up with £380odd grand with those hours...you can't!

I'm astonished at the rank absurdity of Guilfoyle giving himself a £12 an hour pay rise, while the staff are getting the square root of flip all!

I'm astonished at the fact that the absolute SCUM of the earth - agents - have been paid and the staff haven't.

I'm astonished...no I'm not really, just pi$$ed off...that Ridsdale has been paid £50,000 while the staff have had nothing!

Is that not really surprising Jon?

:)

Re: Admin Fees and Consultants Pay

Posted: 09:03 04 Oct 2011
by monkeywrench
Andy_S wrote:
I'm a touch surprised at the astonishment being shown about these fees...


To be honest Jon, it's not the fees but the basic maths - you see if you can come up with £380odd grand with those hours...you can't!

I'm astonished at the rank absurdity of Guilfoyle giving himself a £12 an hour pay rise, while the staff are getting the square root of flip all!

I'm astonished at the fact that the absolute SCUM of the earth - agents - have been paid and the staff haven't.

I'm astonished...no I'm not really, just pi$$ed off...that Ridsdale has been paid £50,000 while the staff have had nothing!

Is that not really surprising Jon?

:)


Andy, don't think anyone is going to disagree with your moral argument.

It's the process. Before it started we were warned how bad it was. And so it has proven......and then some.

Re: Admin Fees and Consultants Pay

Posted: 09:05 04 Oct 2011
by Singaporeglen
As the P & A Partnership have made such a horlicks over this whole sorry affair it might be nice if they at least halved their fees and said, we handled things badly and did not conduct this as we should have done, so we wont take our full fees. I can but dream.

Re: Admin Fees and Consultants Pay

Posted: 09:10 04 Oct 2011
by Andy_S
I know that mw, if I have a REAL problem with any of it, it is the FACT that the majority of those fees have accumulated since the ginger scuzzbucket started pissassing around.

Had Guilfoyle been in possession of any cojones, he would have pulled the sodding plug on The Brothers Grimm (they wrote fairy stories) when it became blatantly obvious the the entire frigging planet - well everyone except bloody Guilfoyle - that copperknob didn't have any sodding money!

THAT is what causes me grief, more than anything.

Cast your mind back to June - even waaaaaaaaaaaay back then, Guilfoyle's peers, his partners were saying that he had got it sodding wrong!! But STILL he persisted with the fiasco!

He's a frigging disaster!!!!









And breathe!!!! :lol:

Re: Admin Fees and Consultants Pay

Posted: 09:14 04 Oct 2011
by gil
I'm not sure that I see much actual astonishment from posts on this thread over the costs, just disgust and indignation.

Yes, we all knew that once this section of society got involved they would strip us to the bones financially, and yes there was no alternative but adminstration at the time. That doesn't mean we have to like it, accept it, or not ask whether anything could have been different if for example HMRC and not Ridsdale had appointed the administrators or P&A had done their homework properly with regards to BIL.

Re: Admin Fees and Consultants Pay

Posted: 09:18 04 Oct 2011
by monkeywrench
Andy_S wrote: I know that mw, if I have a REAL problem with any of it, it is the FACT that the majority of those fees have accumulated since the ginger scuzzbucket started pissassing around.

Had Guilfoyle been in possession of any cojones, he would have pulled the sodding plug on The Brothers Grimm (they wrote fairy stories) when it became blatantly obvious the the entire frigging planet - well everyone except bloody Guilfoyle - that copperknob didn't have any sodding money!

THAT is what causes me grief, more than anything.

Cast your mind back to June - even waaaaaaaaaaaay back then, Guilfoyle's peers, his partners were saying that he had got it sodding wrong!! But STILL he persisted with the fiasco!

He's a frigging disaster!!!!









And breathe!!!! :lol:


Yep mate, with you on that rant!!! :-)