AFX
When a company is 'in administration' doesn't it get protection from its creditors to allow it to carry on in business in the hope that debts will be eventually paid off. So this implies to me that whilst AFX certainly does owe people money, perhaps for a considerable time, there is a chance of repayment. Isn't this what they call 'Chapter 11' in the States? When a company goes bankrupt, the assets are liquidated and the creditors line up behind the big guys ( VAT, bank, inland revenue, staff - not necessarily in that order) to see if they get anything.
Any asset strippers out there care to comment?
Cheers, Y