IO540
In reallity Erinacious are in very deep and very serious financial do do and I wouldn't be suprised if their creditors pulled the rug this week, in the grand scheme of things, they owe £millions and have few assets.
Because of the somewhat "relaxed" approach of the two main directors to previous dealings, it is to be hoped that they didn't buy the freehold at Shoreham.
If they did, the airport is doomed to being sold to the highest bidder, and that's the end of aviation and the start of a housing development on the site.
Given the company's directors record, one has to ask if the previous owners did carry out the proper due dilligance to ensure that the airport would never become a housing estate.
Even if they still own the leasehold, there will be a strong argument for selling the site for the best price , to give all the money, which the ratepayers have paid in the past to prop up a loss making facility, to a more worthwhile benefit to the community.