PPRuNe Forums - View Single Post - Dragon helicopters...make up your own mind (Merged)
Old 27th January 2006 | 14:52
  #77 (permalink)  
Whirlygig

Hovering AND talking
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Joined: Feb 2003
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From: Propping up bars in the Lands of D H Lawrence and Bishop Bonner
Flapping Doctor

Check your PMs

zxcvbn

Although I've not had it specifically confirmed, Dragon have gone into Administration.

This is where Qualified Insolvency Practitioners go into a business with the aim of getting it back onto its feet. Receivership is where mortgage/bond holders (i.e. those who have loaned the company funds secured on their assets) want to realise the bond and therefore those assets which are secured need to be liquidated. Liquidation is the death of the company. Receivership can result in Liquidation (but not necessarily) but Administration is usually succesful in bringing about a turnaround in the company's affairs and usually involves restructuring the debt.

Cheers

Whirls
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