C
CADMAN
Guest
Have just been told,from good source,we will pull administration late Thursday afternnon. Sorry my first post looks like being bad news,just thought you should be first to know.
Saturday Service":21o4qqrd said:I actually know CADMAN and like he says this has come via a very good source. Lets see what happens Thursday I suppose but I think he's right.
First time for everything mate
penzancepirate":qlzdw1ig said:Brilliant news if true... time for a proper clear out. We can't be this lucky ... surely.
GreenGuy":17w6d9dy said:penzancepirate":17w6d9dy said:Brilliant news if true... time for a proper clear out. We can't be this lucky ... surely.
So what about all those suppliers who lose out?
penzancepirate":37m7ej4r said:The amount owed to small suppliers will be very small compared to the directors and the like. The new owners can always come to a voluntary arrangement after admin with the small businesses ... good PR for incomers. It's the big gamblers that would lose out.
pauliepaul":noqhytcy said:penzancepirate":noqhytcy said:The amount owed to small suppliers will be very small compared to the directors and the like. The new owners can always come to a voluntary arrangement after admin with the small businesses ... good PR for incomers. It's the big gamblers that would lose out.
In my experience of administration this is complete nonsense. The ones with clout get so many in the pound ..the ones with very little get err very little.
Admin will be avoided for the reason that those who have pumped lots in get very little back from the hatchet man that comes in to take things apart to the bare bones.