Fair bit of discussion on this "locking out" business. To add a few points to this matter then, I fear the situation is far more serious than :-
All it would take is for Sycamore to win one aircraft contract and problem solved (in the short-term at least).
Apart from the fact that the matter is obviously one of liquidity, & there clearly isn't any cash to pay creditors, there is the matter of raising additional finance...then there are more fundamental issues..
The scenario suggests that Sycamore were in arrears in their rent payments to landlord Peel. However many Peel bashers out there, then ironically it is quite likely that their decision to "Lock out" Sycamore was forced upon them. I would suggest that it is quite likely that Sycamore had another creditor with whom they were in default, and that upon being unpaid took legal action, and a bailiff with walk in possession was appointed to seize goods to the value of their debt. Such a situation would likely initiate a scenario where the landlords Peel were forced to act to protect their own position.
Seems to suggest that Sycamore are likely to go into administration, or in the event of lack of new investment / sale then it's possibly liquidation.
