Originally Posted by
davidjohnson6
Lots of corporate speak. Anybody able to put this into straightforward English ? Initial reading is "Esken and Southend are in an awful mess and nobody knows if SEN will remain open long term"
They've sold their renewables business which they hope allows them to pay of debt and gives them more time to find a buyer for Southend. The company will then be wound up and anything left will go to shareholders. Is that about it?
Also reckons Carlisle will be sold by the end of the financial year, which sounds optimistic.