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Old 25th Feb 2011, 08:21
  #101 (permalink)  
 
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Fair point TTB. Maybe I'm just a bit old fashioned in my thinking.

Regards, jez
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Old 25th Feb 2011, 11:50
  #102 (permalink)  
 
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jez D
I am with you
We have about 5 lots of detailed accounts on my desk at present, we do not expect to get a good drink out of any of them, even if we lump them together.
Some Co seem to reinvent themselves at regular intervals, & then spring up as Blogs 20011 Ltd
We have been in business since 1963 & have never found it was worth pursuing as a creditor (small amounts) .
The same names keep cropping up, strange that TB thinks this does not happen.
Quote
The creditors will probably be presented with a proposal by the administrators for so many pence in the pound; I say probably because I doubt very much that the administrators have sorted out how much is left in the pot (if anything) in order to calculate a distribution yet
This can drive smaller company's to the wall .
I presume that is what you mean when you say, "There are lots of reasons why a business can fail and not necessarily the fault of the management team. ".
There have been 2\3 threads running on pprune regarding strange happenings in this industry alone.
Pleas don't forget the preferred creditor list, I note the accountant costs appear here with eye watering amounts in a lot of payouts.

Last edited by 500e; 25th Feb 2011 at 12:10.
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Old 25th Feb 2011, 12:11
  #103 (permalink)  
 
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I think if I ran a business that depended on getting money from small-to-medium aviation companies I would insist on pre-payment.
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Old 25th Feb 2011, 12:30
  #104 (permalink)  
 
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I didn't say it doesn't happen! What I did say is that Pheonixism is illegal and precisely to avoid the situation where unscrupulous directors can do the dirty on their creditors for their own convenience. What can happen, is a pre-packed admin. This normally involves the director/s of a distressed company approachIng an administrator before the business becomes insolvent and agreeing the acquisition of certain assets e.g. contracts, staff, materials/stock, goodwill, etc. before putting the company into admin. These pre-packs are strictly regulated and prevent 'the same old names' habitually shedding debt by 're-inventing themselves' whenever things get sticky.
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Old 25th Feb 2011, 14:03
  #105 (permalink)  
 
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Business ethics.

For 'Hands on' ... the problem with your system is the 'goodwill' factor.

Over the years and in my business, I decided I was never prepared to treat my every day customers as '****s' and demand money up front for my service, just because one in a hundred of them was a defrauding ****. In thirty years I've never solved that problem and like many others, the rotten 'one in a hundred' has taken me for a few hundred and a few thousand and in one case half way to six figures.

Cest la vie .... Dennis Kenyon.
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Old 25th Feb 2011, 14:06
  #106 (permalink)  
 
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Business ethics

Sorry ... that last line should be 'five!' DRK
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Old 25th Feb 2011, 14:42
  #107 (permalink)  
 
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There's a huge difference between the 'defrauding sh*ts' whose intention from the outset is to take a supplier for a ride and a genuinely distressed situation that couldn't be avoided

I don't imagine for a second that the directors behind Blades magazine wanted to go into admin. Indeed, it's quite likely that they've had very many sleepless nights and I wouldn't be at all surprised if they've have lost their own money in this case.

TTB
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Old 25th Feb 2011, 20:21
  #108 (permalink)  
 
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I think it's fair to say that if the subscription debacle helped topwards the 'going in to admin' then they deserved those sleepness nights
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Old 26th Feb 2011, 04:08
  #109 (permalink)  
 
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If you go to Companies House you can download the creditors report for Loop Publishing (UK) Ltd and see who is owed what.
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Old 13th Aug 2011, 11:56
  #110 (permalink)  
 
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Blades magazine or not

Despite requesting the so called free copy they never arrive, it must still be loop, yes the ones who took subscriptions but never sent them either. Nothing much changes does it, there are other free issues out there I have signed up for one and got there last 12 editions within 12 hours.
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Old 14th Feb 2012, 22:52
  #111 (permalink)  
 
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Mags update

Has anyone had any success with their Blades subscriptions? I paid for mine back in August and have so far only been sent one magazine. Can anyone advise if they have had a copy beyond August 2011?
No reply to emails, and so I fear the worst
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Old 15th Feb 2012, 07:53
  #112 (permalink)  
 
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Met them at Helitech, full of exciting news about moving to 100% iPad publishing. Not having an iPad yet, don't know if that's true.

BLADES Magazine for iPad on the iTunes App Store

Haven't had a copy of Loop in months, kind of given up due to inconsistency of issues arriving / not arriving.

Hope they're successful, used to enjoy the read.
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Old 15th Feb 2012, 19:32
  #113 (permalink)  
 
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I spoke with them last week. I paid my subscription to Loop, P1 and Blades last year. Later that year, they introduced the iPad version, they are no longer sending out the magazines.

I do not have an iPad. I did not ask for my money back, but I guess if enough people do, they may have to.

XTEC
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Old 16th Feb 2012, 21:12
  #114 (permalink)  
 
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Another good reason to buy an iPad

I rang Loop today and spoke to a chap called Sam who was very apologetic, but keen to emphasize that he wanted to reimburse any monies due. He has also asked if I could post on here his details should there be any other subscribers who have disappeared off their radar that are also due a refund.
[email protected]
It would appear that since they have launched the app on iPad they have had a new lease of life, and apparently this new platform looks set to bring them success, probably due to low distribution or production costs.
SO...good news all round, no quibble refund, and a great magazine set to continue. Just need to buy an iPad, which will mean sacrificing an hour in the 44. By the way it doesn't load on an iphone...already tried.
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Old 17th Feb 2012, 07:29
  #115 (permalink)  
 
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A load of nonsense

Why should loop be trusted at all with any word they say about any type of issue or format, they ripped me off big style I had to get a charge back from my c/c company because they flatly refused to return or reply to emails.

I'm not and most others will not go and spend 400/500 pounds on the word of a publisher that ripped off a lot of readers.

Good riddance loop.
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Old 17th Feb 2012, 10:55
  #116 (permalink)  
 
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BLADES

Firstly we didn't rip any readers off and I'd watch comments like those until you have the full facts. When our last company went bust and we had to close it we didn't know if we would be able to still get control of the brands that we had sunk everything into over the last seven years. We had formed a company called LOOP Digital Media in an attempt to do that and we had to pay a market rate to get the brands. What we didn't have to do was honour subscriptions from the last company but we did at over 60k of expense to me personally. So rather than ripping off readers you might be inclined to think that I am someone who takes the responsibilities of business very seriously.
What I can't effect is the market place. Advertising revenue is tough but since September 2010 we were invited by Adobe to be on the pre release programme on there iPad publishing software. Due to our editorial and LOOPTV angle we were the only aviation publisher in the world to be invited.
Since then we have been working on developing our apps and today we remain as the only aviation publisher in the world to have magazines that are built specifically for the iPad rather than PDF page turner efforts that are just the same as print versions.
We are blazing a trail and to date we've had over 40,000 downloads of our apps and the growth over the last week since we went on Newsstand with LOOP and BLADES has been incredible. We have had a ten fold increase.
The apps give us a worldwide market place and because they are so very good people return. We have 11% of our downloads from Asia, 34% from North America, 6.5% from South America. It's given us and our advertisers readers in regions that we couldn't touch with print. More importantly it has given us the renewed vigor to make wonderful content. If you look at the LOOP and BLADES and P1 apps you'll see what I mean. The quality is exceptional.
The world of aviation is full of twists and turns, peaks and troughs and I have broad shoulders (you need them to tough it out in publishing!) but anyone who knows us and what we do will be appalled by those type of comments and you should apologise. We do not rip anyone off. We have around 60 subscribers of BLADES that are due money out of a total of 2700 paid subscribers. In the meantime have a look at the apps. They really are a work of art and we were just nominated as Media Pioneers of the Year! The future is never certain but our team is the best and we always strive to make each and every issue better than the last. You should applaud our verve. All our publications are now iPad only, over 60% of our readers have iPads and we reach a completely new set of readers worldwide. Publishing has changed forever and we are first. If nothing else you should realise that we have incredible staying power and creativity to do what we do from such a small team.
But you shouldn't buy an iPad just because of us, you should get one because it will revolutionise the way you access media, work, aviation and a whole lot more. They are quite brilliant. It just so happens that you can also get our apps on the iPad so it's a win win! We are just about to launch our Chinese language app for P1 and we already have a German language app for LOOP - called LOOPIN.
And one last point. All of aviation has had a rocky time over the last three years. We've been right in the middle of that and are proud to stand up, take our punches with everyone else but still keep going and still keep innovating and making wonderful content.
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Old 17th Feb 2012, 11:07
  #117 (permalink)  
 
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Thumbs up

Helicopter International is celebrating 35 years of publishing this year and HeliData News and Classified is now 30 years old....both still providing print as well as on line copies for those interested is news,sales and other aspects of the helicopter market...Long Established publications are always the best !
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Old 17th Feb 2012, 11:21
  #118 (permalink)  
 
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helicopternews:
they ripped me off big style
How did they [sic] do that exactly?
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Old 17th Feb 2012, 12:39
  #119 (permalink)  
 
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I am not here to defend LOOP, but merely pass on what was said. In my opinion he seemed genuinely sorry for how they had handled things in the past and appeared keen to put things right. Why offer to give his name and contact details to this forum if there was not a genuine want to put things right. Personally I am going to give them the benefit of the doubt, and see how long it takes for funds to be put back into my account.

My comment about purchasing an iPad was a tongue on cheek remark. I have been trying to justify the purchase for the past year, this was just another selling point to convince Mrs D! I am not suggesting we all go out and purchase an iPad in order to satisfy the publishers distribution numbers, but consider the positives in this latest development. With no distribution costs and no printing costs, maybe these guys can start to make some real money and make this a successful business. We in turn will be the beneficiaries of a monthly (not quarterly) fix of this wonderful industry we are so passionate about, and at NO cost.

Whilst I join all who are frustrated at losing any monies, lets not lose sight of what it is these guys do. They feed us heli addicts with news, data, and general insight of the heli world that frankly I cannot get enough of. In some ways these publications albeit fractured and somewhat inconsistent in their delivery, help keep my life long dream alive. I have not flown this year, and the weeks are racing past. Without this forum and other media such as Blades my focus begins to ebb, and my day job begins to cloud over my dream to fly for a living.

Lets cut them some slack, they must love this industry as much as we do to keep trying, and I for one applaud that. Its a tough world out there, keeping a business going in this environment is an uphill struggle, I know, thats why I have not flown this year

Lets just hope I don't eat my words!
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Old 17th Feb 2012, 17:44
  #120 (permalink)  
 
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they must love this industry as much as we do to keep trying, and I for one applaud that. Its a tough world out there, keeping a business going in this environment is an uphill struggle,
Sounds like BBC
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