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T_C_E
T_C_E Posts: 16,455
edited October 2008 in Not Sports Related
Have today called in the recievers, yet they are still trading how is that allowed?

Comments

  • LenGlover
    LenGlover Posts: 31,727
    [cite]Posted By: T.C.E[/cite]Have today called in the recievers, yet they are still trading how is that allowed?

    In simple terms the role of the receiver is to assess the business and see firstly whether it is basically solvent but suffering short term difficulty in which case it may be able to trade out of trouble. Secondly it might be that the business is insolvent in which case the receiver will recommend both that the company stops trading and also the appointment of a liquidator who will wind the business up.
  • SoundAsa£
    SoundAsa£ Posts: 22,586
    [cite]Posted By: T.C.E[/cite]Have today called in the recievers, yet they are still trading how is that allowed?

    I heard they were being taken over by Tesco....I'm not surprised, cos I bought a frozen chicken in Tescos last week and the leg fell off!
  • C_f_W
    C_f_W Posts: 1,433
    "I'm here all week..."
  • T_C_E
    T_C_E Posts: 16,455
    Thanks for that Len, but would you gamble on something being delivered and pay cash up front? not that I intend too, I'm trying to understand how the system works.
  • Carter
    Carter Posts: 14,370
    MFI

    Mother F*ckin Insult

    Don't buy anything from there it will be shit and break
  • ISawLeaburnScore
    ISawLeaburnScore Posts: 9,780
    Heard a whisper today they will be gone very very soon, only escaped last week at the 11th hour - do not order
  • LenGlover
    LenGlover Posts: 31,727
    [cite]Posted By: T.C.E[/cite]Thanks for that Len, but would you gamble on something being delivered and pay cash up front? not that I intend too, I'm trying to understand how the system works.

    Agreed the theory and the practice are very different!
  • Swisdom
    Swisdom Posts: 14,980
    [cite]Posted By: ISawLeaburnScore[/cite]Heard a whisper today they will be gone very very soon, only escaped last week at the 11th hour - do not order

    I am waiting on a delivery that is 3 weeks away. I wonder if can cancel
  • Stone
    Stone Posts: 3,026
    Not surprised at all. The bloody pain I had getting my kitchen finally delivered last year made me refuse to ever go in their store again.

    Good ridance I say. Shit service.
  • Salad
    Salad Posts: 10,189
    [cite]Posted By: SoundAsa£[/cite]
    [cite]Posted By: T.C.E[/cite]Have today called in the recievers, yet they are still trading how is that allowed?

    I heard they were being taken over by Tesco....I'm not surprised, cos I bought a frozen chicken in Tescos last week and the leg fell off!
    lol :-))

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  • Goonerhater
    Goonerhater Posts: 12,677
    always loved the way when you put one of their things togetherit says " locate wooden dowl in hole" then over the page it tells you " do not drive dowl in more than 5 mm " its then you turn the item voer to find you have now smashed it through the front of thepeice of furniture !!

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