PPRuNe Forums - View Single Post - East Anglian Air Ambulance temporarily grounded/Longmint status
Old 7th May 2011, 14:14
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Ackers Caffer
 
Join Date: May 2007
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996, Whirls and TOTM2U,

All good and interesting stuff - if a little heavy for the ordinary mortal.

Am I right in thinking that Longmint Aviation is now slithering into Alan Mann Aviation Group? (do hedgehogs slither ... or is it only snakes?)

On an accountancy matter, would it be considered normal business practice say, for a Company to be tranferring money (like about £3m say) to other 'companies' in it's group, therefore leaving it with little or no working capital and not being able pay its creditors or pay it's employees (on time at least) but pay its shareholders/directors a huge (over £1M say) dividend? Why would a company do this? Still, I expect an Auditor would raise an eyebrow, if not a Receiver!

Cheers
AC
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