Carl Pattinson wrote:
When a company gets into financial trouble there is a fine dividing line
between going on when the company is losing money and pulling the plug
before it is too late. The demise of the Rover group is a prime example. If
managers/ directors pulled the plug at the first sign of financial
difficulty there wouldnt be many companies left in business.
Carl
Keith was told by his own financial director, in writing, that they were
trading illegally 18 months before the final crinch. She then resigned
---From the company.
A year after this KW telephoned Niels Koch in Denmark to send the money
for kit number 1002, it was ready for despatch, it was never sent and
indeed could not have been, most suppliers had refused to continue until
they were paid, Slingsby among them. Keith knew this. He continued to
defraud customers for another 6 months.
The administrators were equally dishonest imho. Customers' cheques were
cashed AFTER the winding up in the full knowledge that nothing would be
supplied. It might well be legal but it certainly isn't just or honest.
They were very quick to destroy all evidence of fraud apparently on the
grounds that no one was going to pay them to investigate.
Yet another example of the imorality of the English legal system.
Graham
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