I suspect it is all too easy to end up in that position once it is all going wrong. I wonder what their other creditor issues are, it always makes me a little uncomfortable when Inland Revenue try to take down a company.
I suspect it is all too easy to end up in that position once it is all going wrong. I wonder what their other creditor issues are, it always makes me a little uncomfortable when Inland Revenue try to take down a company.
Maybe, but any business plan should have allowed for revenue payments, so has that money just been siphoned off?
I'm equally uncomfortable with companies declaring themselves bankrupt, then setting up shop under a slightly different name, with two fingers in the air to erstwhile suppliers who may have to settle for 10%, if lucky, of what was owed. Directors (of the failed firms) should be deemed unfit to run a business and refused trading rights, imo, and it always amazes me that such practises seemingly go ungoverned by any defined form of business regulation. That's right, K Bates/R Noades, we can see you sneaking out the back!
If there are other creditors, then fair play, someone has to call time. If it is just Inland Revenue I find myself wondering if they should be trying to be a structured about it to try and ensure they get some of their money and a healthy business at the end rather than just killing the business.
It looks like the creditors have been very sensible given what happened at Cains TWICE.
Go into liquidation, creditors get nothing, set up as a new business and then expect to sell to and be supplied by the same people.
The creditors aren't as stupid as the brewery owners think they are.
A pub is for life not just for Christmas
http://www.expressandstar.com/news/b...hgate-brewery/
There's hope yet...
Waes hael!
Just to highlight that next public meeting is scheduled for :
Tuesday 14th September 2010, 7:30pm - 9:30pm at
St Matthew's Centre (Lower Hall), Walsall (next to St Matthew's Church at the top of the hill that looks down on Walsall market)
Last edited by Andy Ven; 01-09-2010 at 17:43.
Waes hael!
The local Express & Star newspaper has 'tweeted' that the brewery has been purchaed by a consortium wishing to keep it as a micro-brewery and museum
MILD:
Confirmation:
http://www.expressandstar.com/busine...wery-revealed/
Highgate MILD........
Waes hael!
"Do I know where hell is? hell is in hello"