From a bit of digging around the 'Emerald Group' consists of various companies all of which are overdue in filling accounts at Companies House
Emerald Aviation Group 04985096
due 31 Mar 2005 Emerald Airways Ltd 02723459
due 30 June 2005 Emerald Airways Engineering Limited 024006284
due 30 June 2005 Emerald Airline Ltd 02815441
due 30 June 2005 Streamline Group Limited 04454388
due 30 June 2005 Streamline Engineering Limited 04084153
due 30 June 2005 Freshleave Limited 03188295
due 30 June 2005 Streamline Aviation Training Ltd 03907626
due 30 June 2005 Steamline Aviation (SW) Limited 02593410
due 30 June 2005 Emerald Airways Trading Limited 02778870
due 30 June 2005
So the question must be asked what Companies House have been doing to chase these up ?? Also what were the CAA doing all this time ??
As late filing is a criminal act there must be the potential for heavy fining of ALL Directors and if it were demonstrated that they acted ill adviseably they could be banned from acting as Directors for a number of years.
My information is
- that the Bank is in deep, very deep
- that creditors including part of the acquisition price for Streamline are a mountain high.
- That A valuation of the aircraft comes to peanuts.
- And that an offer received has been already turned down as the Bank would have too big a hit.
Regretably
MOB will definitely be on the 'tools' in his building company
AJ back to his copper braclet
KH will be property developing
DH back to his offshore villa
and the loyal Emerald staff scattered to the wind