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Old 4th Feb 2012, 12:33
  #32 (permalink)  
Qualityman
 
Join Date: Jun 2001
Location: Andover / Goodwood
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@toptobottom
The sad truth is I believe that the administrators probably have acted in the best interest of the creditors. Unravelling the convoluted mess that BBCC left behind would take months before a sale could be agreed, increasing creditors risk, maintaining overheads and increasing the administrators / solicitors fees. Apparently they had been preparing for this case since May 2011. I am convinced that this is why their requirement for a purchaser had such a short timescale. Rumour had it that out after the initial 25 interested parties received their packs, this rapidly dropped to 5 , then to 0 when the timescale became apparent.
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