Rutan, lest you think Peel is only tardy in the aviation sector, I suggest you also look up their progress on Port Salford and Liverpool Waters. They aren’t known for their speed of development. Oh and they charge DSA 2.77% per annum for their loan, probably much steadier income than they would receive on the open market. Unless they wished to go down the pre pack insolvency route, Peel have no reason to put DSA into bankruptcy given that they are the main creditor, bless they wish to wipe out the £9m local loan.