Sorry,but....
Nobody has had worse /negative
PR over the years than FR but where are they now ?
Although I agree that Dalrymple made some mistakes ( who doesn't ? ) my understanding ( from speaking with one of the partners of the company's auditors ) is that it could have quite comfortably survived the cash crisis that eventually killed it if E-Clear had actually transferred the cash to Globespan that it should have done and when it should have done....
Instead, this scumbag deliberately witheld payments due to Globespan, while he was trying to buy the whole Globespan portfolio in the hope that he'd get it at a firesale price....
In addition to this, he used Globespan's, and Sunwing's, and Zoom's income to keep E-Clear afloat while he syphoned off millions from E-Clear to fund his own, private property empire in the UK and Cyprus - all allegedly, of course !!
Ever wondered how a company which is a middleman processing computerised payments between an airline and Credit Card companies, doesn't buy or sell anything, etc, etc, manages to run up debts of £100 million plus ?
Then again, maybe like Dalrymple he just made a few mistakes himself in his business affairs if selling a £7 million plus property for just £25,000 is an example of his business acumen....