SFT's demise + Colin
Hello, long time no see....
Right takes a deep breath in ..............
Sft started going into administration back in early 2000 when SFT where taken to court for using a paragraph from PPSC's books after a VERY lenghy court case after court case SFT ended up with a bill of 300,000+ at this point the administrators where called in just to keep an eye on things.
At this point it was decided that SFT had to be sold, parties such as Cabair + BFC started looking interested, after negolations Cabair decided to buy SFT.
Then came Sept 11th,
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EDITED by WWW.
Cheshire aka RB. If you are going to make a defamatory comment in public then be prepared to take the consequences. Comments about the financial position of a well known FTO - which were incorrect - could have led to legal action against you. I have spoken to management inside the defamed company and they will not pursue this. This time.
Be careful people - after the friendsreunited defamation case things are wide open for you to be sued.
WWW
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with students cancelling there courses and suffering with huge reducation of courses being booked.. This is when the admistrators had to put SFT into liquidation becuase they still had this (above) debt hanging over there shoulders.
Colin actully put in a lot of his own money to SFT to try and save it, but the damages where to bad.
I have also been informed that the sales staff where told not to pressurise students into paying for there courses, although money had to be taken if the student insisted.
I know a lot of people are going to reply to this but please remember I really dont know much more than the above..
Good Luck Colin with your new school, maybe some day i will finaly meet ya!