Companies going bankrupt/into administration

raspberry-blower · Post by **raspberry-blower** » 19 Feb 2018, 15:55

In light of the Militant Vegan thread, this is very prevalent:

BBC: Meat supplier Russell Hume goes into administration

Post by **kenneal - lagger** » 19 Feb 2018, 16:33

If you go to this referenced article it says that the withdrawal is due to "processes around use-by-dates".

Our meat is hung for 28 days before we freeze it so a comercial system which probably only hangs the meat for 14 days max is hardly going to have a problem with "best before" although use by is a different ball game and if the meat was off the chef would notice as soon as it came out of the packaging. Meat is cooked until the inside gets to 60C so all bugs would be killed anyway. Storm in a teacup as far as I'm concerned. Bureaucrats again!!

cubes · Post by **cubes** » 20 Feb 2018, 21:30

Cooking might kill the bacteria but doesn't destroy the toxins released by them.

AutomaticEarth · Post by **AutomaticEarth** » 20 Feb 2018, 21:54

Probably not of great concern to anyone on this forum, but sad to see Gibson about to go pop:

http://www.independent.co.uk/news/busin ... 17886.html

careful_eugene · Post by **careful_eugene** » 21 Feb 2018, 15:54

Some parts of Lagan construction group to enter administration. http://www.bbc.co.uk/news/uk-northern-ireland-43125810

johnhemming2 · Post by **johnhemming2** » 21 Feb 2018, 21:00

It anyone wishes to study current insolvencies the london gazette is online:
https://www.thegazette.co.uk/insolvency

raspberry-blower · Post by **raspberry-blower** » 21 Feb 2018, 21:32

A sign that the property bubble may be bursting?

Liverpool Echo: Student flats firm goes into administration

Overseas investors getting their fingers burnt on property speculation. Where have I heard that one before?

raspberry-blower · Post by **raspberry-blower** » 21 Feb 2018, 21:38

johnhemming2 wrote:It anyone wishes to study current insolvencies the london gazette is online:
https://www.thegazette.co.uk/insolvency

Given the changes to S24 I strongly suspect that there will be an uptick in former Buy To Let BTL landlords going to these courts in the next couple of years.
Particularly if they have been stupid enough to take out Interest Only mortgages and have no viable means of paying off the outstanding amount

BritDownUnder · Post by **BritDownUnder** » 22 Feb 2018, 05:13

johnhemming2 wrote:It anyone wishes to study current insolvencies the london gazette is online:
https://www.thegazette.co.uk/insolvency

A sorry roll call indeed. No doubt a tale of misery behind each one.

My sister went bankrupt about 15 years ago and I looked for her name on that website and sure enough it was there as a short entry. She said that the people in the bankruptcy court were really nice and businesslike when she attended her hearing.

She never was much good with money but bounced back and has just continued her life as before from what I can see.

raspberry-blower · Post by **raspberry-blower** » 27 Feb 2018, 19:51

Maplin on the brink

Hexus: Maplin has just 48 hours left to avoid administration

That was written 44 hours ago - and counting

Potemkin Villager · Post by **Potemkin Villager** » 27 Feb 2018, 21:04

Apparently affordfable eating out is no longer affordable.

https://www.theguardian.com/lifeandstyl ... struggling

"For a time, between 2010 and 2016, it seemed as if Britainâ€™s burgeoning interest in casual, affordable dining was insatiable. Build that restaurant, no matter how outrageous the property and fit-out costs, and they will come. Tills will ring, card machines will whirr. But in recent months, with the so-called â€œcasual dining crunchâ€� biting hard, that optimism has turned to bleak talk of the industry facing a perfect storm."

Post by **adam2** » 28 Feb 2018, 03:47

http://www.bbc.co.uk/news/business-43219651

"toys are us" on the brink, as well as Maplin as has already been noted

fuzzy · Post by **fuzzy** » 28 Feb 2018, 05:31

Potemkin Villager wrote:Apparently affordfable eating out is no longer affordable.

https://www.theguardian.com/lifeandstyl ... struggling

"For a time, between 2010 and 2016, it seemed as if Britainâ€™s burgeoning interest in casual, affordable dining was insatiable. Build that restaurant, no matter how outrageous the property and fit-out costs, and they will come. Tills will ring, card machines will whirr. But in recent months, with the so-called â€œcasual dining crunchâ€� biting hard, that optimism has turned to bleak talk of the industry facing a perfect storm."

It certainly reached a mania, which allowed total greed. Bizzare to watch the price of beer go even dafter, and the gouging of wine and 'womens' drinks - because your worth it. Instead of complaining about the stupidity of paying Â£10+ for basic food on a roofing tile, the deeply shallow have just cut back.

I shall have to do a dig at Maplins when I travel 30 miles to a town on Thursday [not that they have sold much worthwile since the 80s]

fuzzy · Post by **fuzzy** » 28 Feb 2018, 06:31

Maplin deadline still today. Look in the article at all the vulture capitalists who have tried to make a starbucks out of it in the last 20 years, after the initial car junk guy opened the shops in the 90s. Who remembers the original Southend mail order electronic parts supplier? Their catalogues were so good, I still have 25 year old ones as parts data reference.

https://www.computing.co.uk/ctg/news/30 ... a-takeover

BritDownUnder · Post by **BritDownUnder** » 28 Feb 2018, 09:54

Look up Dick Smith Electronics in Australia as they did the same as Maplins. They went away from selling electronics kits and components and tried to sell TVs and computers etc. After a stock market flotation and basically the previous 'venture capitalists' sucked out all the money and left debt and poor stock for the refloated company. Basically a fraud. Maybe even the same 'vulture capitalists'. They went bust last year. Most of the shops are still not re let and are high street ghost shops, if you will.