Originally Posted by biaeghh
Scroggs.
My understanding is the students monies is safe.
Before anybody presumes anything they should look at the facts.
FACT. ETA Ltd and PTC Ltd were put into liquidation by the creditors last Thursday morning after they learned that there were very few assets in either company. The initial liabilities are mentioned elsewhere in this thread.
FACT. Part of the money in the bank account was used to pay the costs of the meetings. (ETA and PTC. 4,000 quid plus VAT.)
FACT. The students monies may or may not be safe. The liquidator of the two companies is investigating the status of the students "Trust Account".
Any student having paid in advance or anybody wishing to verify the facts should contact:-
Tenon Recoveries Plc, Chandlers Ford, Hampshire.
who are the liquidators appointed by the creditors.
FACT. Caveat emptor. (Buyer beware)