East Anglian Air Ambulance temporarily grounded/Longmint status
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I have seen that there is a new website address for the AMAG that looks just like the old site but for some reason omits to mention that the engineering aspect is in receivership.
Is this a sign of the court case being resolved or just more bluff from BBCC.
Is Sterling still going?
Is this a sign of the court case being resolved or just more bluff from BBCC.
Is Sterling still going?
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ExMage: I rather think it is a no no to trade when insolvent. Another engineer has left recently and a number of the remaining personnel on the books have had another pay failure. It's a dead duck.
Best Wishes
Best Wishes
"pay failure" sounds like "quality escape"words to wrap up poor management
You mean they have not been paid.
The people left have choices none of which are good, with mortgages, wife, children & poor times what do they do.
You mean they have not been paid.
The people left have choices none of which are good, with mortgages, wife, children & poor times what do they do.
Hovering AND talking
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I rather think it is a no no to trade when insolvent
I would suggest that an Management Degree (or Mickey-Mouse MBA) would be deemed a sufficient qualification to reasonably know that your company was trading wrongfully without regard to the creditors.
If fraudulent trading can be proved, then it's a criminal offence.
Another thought .... how much does a day's hire of a low-loader cost?
Cheers
Whirls
All these section numbers ....takes me back!
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Whirls - thank you, I also wonder if the pension funds have been scrutinised?
500e - if this set of circumstances just suddenly appeared out of the blue then I'd be of a more sympathetic mind than I am at the moment. Those that had any sense or quality of realistic thought processes have all gone and from what I hear, have found alternative employment. Many are indeed much better off than they were. That proves that there are jobs out there if you have the necessary to get them. Most also have mortgages, kids at school and all the other usual attendant financial drains. I am pleased that they are not destitute as they surely would have been had they remained. So to those who are still loitering around with nothing to do and no possibility of improvement - are you so devoid of common sense? I am saddened by it all but find it increasingly more difficult to feel any sympathy for those who choose to remain.
Best Wishes
500e - if this set of circumstances just suddenly appeared out of the blue then I'd be of a more sympathetic mind than I am at the moment. Those that had any sense or quality of realistic thought processes have all gone and from what I hear, have found alternative employment. Many are indeed much better off than they were. That proves that there are jobs out there if you have the necessary to get them. Most also have mortgages, kids at school and all the other usual attendant financial drains. I am pleased that they are not destitute as they surely would have been had they remained. So to those who are still loitering around with nothing to do and no possibility of improvement - are you so devoid of common sense? I am saddened by it all but find it increasingly more difficult to feel any sympathy for those who choose to remain.
Best Wishes
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I suggest well all read about the debacle of Biggin Hill Helicopters
http://www.pprune.org/rotorheads/286...licopters.html
Assets were flogged off, creditors/staff/students were left high and dry, and the people at the top walked away scot free, the company continued to be listed as trading up to 2 years after it all went belly up.
Doesn't matter what the law says, it's remarkably easy to rip people off and move on to go do it again, what with shell companies and other ways to dodge it.
http://www.pprune.org/rotorheads/286...licopters.html
Assets were flogged off, creditors/staff/students were left high and dry, and the people at the top walked away scot free, the company continued to be listed as trading up to 2 years after it all went belly up.
Doesn't matter what the law says, it's remarkably easy to rip people off and move on to go do it again, what with shell companies and other ways to dodge it.
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Bill Lowry
Not wishing to divert this thread but seeing as Biggin Hill Helicopters was mentioned is it true that Bill Lowry is now back in the UK flying around in a 300? Somewhere in the South?
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Doesn't matter what the law says, it's remarkably easy to rip people off and move on to go do it again,
One problem is that some Insolvency Practitioners can't be bothered to investigate the motives of directors and whether their actions have been negligent, fraudulent or just plain incompetent (the latter not being against the law). IPs are, not surprisingly very busy at the moment and they just want the preferential creditors (mortgage holders, HMRC etc) paid as quickly as possible and move on to the next one.
I spent a couple of hours today going through, and signing, a witness statement for the BIS Fraud department. This is unrelated to "our friends" but it confirmed to me that it can be comparatively easy to take people for a ride. Let's just say a gentleman who had already been disqualified as a director TWICE for 25 years was able to set up another company by using someone else's name. All he needed was that person's date of birth (not necessarily the real date of birth) and an address (not necessarily the real address) to form the company. Then, by role playing, pretend to be that person by opening credit accounts with businesses. A dodgy forged signature and he's away. Since he never paid any creditors, he didn't need a bank account.
However, over a lunchtime beer with said fraud investigator, I was heartened to hear that they are very interested in cases of company fraud and negligence.
One issue to be considered is that the people who remain are only there in order to get their entitlement to statutory redundancy from the National Insurance Fund.
Cheers
Whirls
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However, over a lunchtime beer with said fraud investigator, I was heartened to hear that they are very interested in cases of company fraud and negligence.
One issue to be considered is that the people who remain are only there in order to get their entitlement to statutory redundancy from the National Insurance Fund.
Best Wishes
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theloudone, I, for one don't "see what you mean".
The use of this childish expression is pathetic.
Explain yourself properly.
You could even attempt to spell words correctly, and use capital letters where appropriate, like a big-boy.
The use of this childish expression is pathetic.
Explain yourself properly.
You could even attempt to spell words correctly, and use capital letters where appropriate, like a big-boy.