I have been wondering if this is more to do with the owners Greybull.Their company website has suddenly acquired a rather sparse look about it, considering they have so many irons in the fire:
Greybull Capital
Rather limited for a company that acquired a large part of Tata Steel in June this year don`t you think..I hope these rumours are without substance but if not then lets hope Monarch is a viable entity, which I think it is and can be sold on/management buyout etc.
Massive political headache for the Government though if true