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  Topic Review (Newest First)
16-06-2010 21:33
erneboy Peter says, "Its strange to me that with 'Phoenix companies' the same Directors can then buy the assets at a no doubt knock down price and if they are using their own money why didn't they be honourable and put the cash back in the business in the first place to pay suppliers and keep the business going in an honourable way. "

Because the two sums of money would be vastly different. Rescuing the company would cost much more because eventually all due debts would have to be attended to. Taking over the company from receivership would cost very much less, a fraction as much, and of course leave many creditors in the lurch, Alan.
16-06-2010 21:21
bognormike
Quote:
Originally Posted by jettdt
Not sure what you mean? I have no interest beyond the reply I put on the other post. I will take back the 10.00 comment I have got my monies worth from this forum. Maybe after another 10 years in the hobby I will acquire the rose coloured specs a lot of you guys have been wearing. I repeat I have no agenda I live on the south coast I have a newly acquired Swift from a dealer who I am very happy with and have said so, it has has its problems and they have sorted them.

I was simply trying to put some balance into this situation and point out there is more to it, I apologise if it seemed aggressive.

thanks jettdt for your explanation, we do try to let all sides have their say on here

Mike
Mods team
16-06-2010 21:18
JohnsCrossMotorHomes The original post was informative in that it did eventually make clear excactly what the position was as regards that business.

It then became a general discussion as to the way directors can evade their companies debts and then just spring up five minutes later with a so called clean sheet leaving suppliers and employess high and dry without a paddle being unsecured.

Of course the dear old Revenue make sure they dont loose out as being preferential creditors.

Its strange to me that with 'Phoenix companies' the same Directors can then buy the assets at a no doubt knock down price and if they are using their own money why didn't they be honourable and put the cash back in the business in the first place to pay suppliers and keep the business going in an honourable way.

I think it is totally wrong that people who have made a pigs ear of running a business are just allowed to start up again. Those business's should be put on the open market for ANYONE interested to be able to bid for them and not just done behind closed doors.

These comments are my own personal view and in no way are comments on the business in receivership but a comment in general.

Peter
16-06-2010 21:06
jettdt Not sure what you mean? I have no interest beyond the reply I put on the other post. I will take back the 10.00 comment I have got my monies worth from this forum. Maybe after another 10 years in the hobby I will acquire the rose coloured specs a lot of you guys have been wearing. I repeat I have no agenda I live on the south coast I have a newly acquired Swift from a dealer who I am very happy with and have said so, it has has its problems and they have sorted them.

I was simply trying to put some balance into this situation and point out there is more to it, I apologise if it seemed aggressive.
16-06-2010 20:49
erneboy jettdt, sorry, I should have checked. Why not tell us what your interest is?

Thanks Dougie, Alan.
16-06-2010 20:35
asprn
Quote:
Originally Posted by erneboy
I suppose that if you only had a single reason for joining, slating Timberland, you may have wasted your money.
Alan,

I think to be fair that as he joined just under a year ago & has posted 58 times, he's not just joined for one purpose.

Dougie.
16-06-2010 20:32
erneboy jettdt said, "Yep its that attitude that makes me realise that this forum cannot be trusted for its company reports and I wasted my 10.00."

I suppose that if you only had a single reason for joining, slating Timberland, you may have wasted your money.

If, on the other hand you are interested in Motorhoming you will find it the best tenner you ever spent.

Since you have paid up why not tell us which it is? Alan.
16-06-2010 20:31
asprn
Quote:
Originally Posted by bognormike
Northernlad10 has used up all his 5 free posts - are you looking at somebody else?
I was looking at Northernlad - sorry. Are they two different accounts, or an attempt to carry on after running out?

Dougie.
16-06-2010 20:28
bognormike
Quote:
Originally Posted by asprn
Quote:
Originally Posted by jettdt
if he has been banned then we are only getting a one sided argument which then discredits it
I never saw the original post, but having looked at Northernlad's profile, he's not a subscriber, and he's got 5 posts remaining. That means that his post has been deleted, but more importantly - for me - it means that he signed up simply to make an anonymous and apparently-critical post as a "supplier".

That's not what the forum is for, is it. We've had this lots of times before - it's generally called "trolling" - such as with the venom posted about Desert Detours. I've never seen any reasoned debate by such individuals - they simply sign up, abuse their five free posts, and disappear without trace.

If the Mods have pulled this one, I have absolutely no difficulty with it.

Dougie.

Dougie
Northernlad10 has used up all his 5 free posts - are you looking at somebody else?
16-06-2010 20:26
bognormike
Quote:
Originally Posted by jettdt
Quote:
Originally Posted by DTPCHEMICALS
Had northerlad not posted and Timberland responded we would have been non the wiser.
Timberland would have carried on with no undeserved publicity.
Customers would have been happy and confidence would have remained.
lets not forget the quality product that has been saved.
Its not gone to China or India like so many manufacturing jobs.
Small suppliers may not have been paid Sadly that is a risk in business. It happened to me 20 years ago with a large manufacturer.
I carried on business with the new owners, remember BL but on a pay for last months order before we deliver this months.

dave p
Yep its that attitude that makes me realise that this forum cannot be trusted for its company reports and I wasted my 10.00.
again, I'm not sure what you mean? DTP was apparently pointing out some of the none too good facts of business life. Why is that a comment on the Company Reports on MHF?
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