What's gone wrong - strippers moved in.
Sterling used to be a reliable company until it was taken over by the strippers. Not the sexy kind either but still the type that like to take all your money ie asset strippers.
From reading all the threads I feel that it is now a complete shambles with no money and no credit and it is a bit like the rats leaving a sinking ship but unfortunaltely the "king" or "queen" rats are still clinging to the flotsam.