jez D
I am with you
We have about 5 lots of detailed accounts on my desk at present, we do not expect to get a good drink out of any of them, even if we lump them together.
Some Co seem to reinvent
themselves at regular intervals, & then spring up as Blogs 20011 Ltd
We have been in business since 1963 & have never found it was worth pursuing as a creditor (
small amounts) .
The same names keep cropping up, strange that TB thinks this does not happen.
Quote
The creditors will probably be presented with a proposal by the administrators for so many pence in the pound; I say probably because I doubt very much that the administrators have sorted out how much is left in the pot (if anything) in order to calculate a distribution yet This can drive smaller company's to the wall .
I presume that is what you mean when you say, "
There are lots of reasons why a business can fail and not necessarily the fault of the management team. ".
There have been 2\3 threads running on pprune regarding strange happenings in this industry alone.
Pleas don't forget the preferred creditor list, I note the accountant costs appear here with eye watering amounts in a lot of payouts.