Basically at least £10,000 was owed on aircraft bills. No idea on what was owed on the premisis, but when Stanair ltd was liquidated the bill was £36,000. I believe selling the one aircraft they did own paid that off, but clearly more money is owing on the premisis.
One or two people did have money on account. The whole thing was badly, if not maliciously, run (although some would say it was!) With all of this happening the owner and the owners mum went of to australia on a flying holiday for 3 weeks at a cost of several grand each. A not particularly bright 17yo was left in charge of the operation assisted by 2 more (much brighter teenagers). Less than a week on their return this happened. When it did happen the owner was no where to be seen. She left a 16yo to deal with the airport and another 16yo to rescue student records and deal with customers.
Ace has never been going well since the liquidation of Stanair. There was never enough revenue from 2 aircraft to cover 3,100 a month rent let alone all the aiport bills on top of that.