bridge too far

I wasn't at the match last night. So tell me, did the 'penalty shoot-out' feature kids from local clubs? Certainly every WW match I've been to, the local kids get their moment of glory. I think it's lovely (and can't wait until my grandson participates )

Yes it does stink a bit, doesn't it. But I suppose the upside is that at least the employees will be protected, either by keeping their jobs or by getting due redundancy pay and holiday pay. IIRC we all discussed pre-pack when we were in trouble, didn't we? In any event, as I posted earlier, pre-pack is a lot more transparent now than it was a year ago, as legislation has been passed by Parliament to make it so. Maybe it won't be quite a straightforward as they might hope.

That's true. He said he hated the Scotts - different kettle of fish.

And there's this: 'If the business IS VIABLE and has a good future then administration is a very powerful means to defined the company against the petition. Administration will “stay” (or postpone) the winding up petition and prevent a winding up order being made and any other legal action (except with leave of court). To me, this reads that PFC stll have to attend the court on Mar 1. They wll say 'Oh it's OK now your Lordship, we've gone into administration'. But his / her Lordship might well say 'but the business still isn't viable so I'm dismissing your defence - administration will solve nothing'. The more I read, the more I'm convinced they'll try a pre-pack. The administrator may propose a Company Voluntary Arrangement to protect the business for up to 5 years. Or it may be sold to a new company or buyers (including you as directors).

dinner lady

I'm still searching for an authoritative piece on WUPs once a company has gone into administration. Does anyone know if 'Administrative Receivership' is the same as being in administration? Because, on this website at the bottom of page 6, it says 'a winding up petiton can still be presented even if a company is already in administrative receivership (or voluntary liquidation). http://www.insolvency.gov.uk/pdfs/guidanceleafletspdf/howtowindupyourown.pdf

robot

Ever hopeful, I've been googling away like mad and came across this: http://www.windingup.org/ Look at the Case Study. Does it not suggest that the Court has to agree to administration where a WUP has been presented? In the case study, the court was persuaded that administration was the best solution. But that surely begs the question - what happens if the Court IS NOT so persuaded?

crash

doe

lisa

golf

play

housework

excuse

nursery

trader

mushrooms

hogwarts

Yes, yes I think it is - sorry! That's £83K+ a month to be added to all the other things I mentioned. Perhaps a million isn't so far off :oops:

The rent for the stadium will be £1m a month, surely? And then there'll be player wages, director wages and staff wages on top.

It looks as if some of the rules have been tightened up. A lot of references to 'transparency'. That might cause a problem or two. http://www.parliament.uk/commons/lib/research/briefings/snha-05035.pdf

Lowe & Co were asked to leave although I think Jones was kept on. I imagine Tanya whatsisname will be kept on too as they need someone to guide them through the books (Hampton Court maze springs to mind).

And I'd add a further point: 3. If the SoA demonstrates that the club IS currently trading insolvently, then the club should cease trading IMMEDIATELY - never mind hanging on for admin - surely?

Nah - not my bag Jilly. I can't stand freak programmes. I'm watching the ski cross at the Olympics ATM. Great fun.