Post removed

[Guest]

There was a post on here that was libelous and called someone who hasn't been convicted of a crime a crook. I've removed the whole thread rather than a single post because too many people had quoted the libelous section.

I don't do this lightly, and haven't received any contact from the person named, or the company he once worked for, but businesses go into administration and still continue to trade - so, as someone suggested would like to see all the facts before we all go jumping to conclusions.

This forum is a great place for discussion, but accusations like 'he's a crook' don't help anyone.

 

[Lakesailor]

Good call.

 

[Poignard]

"Look, Dougal, I never took the money. It was just resting in my account."

 

[Norman_E]

I started the thread and wondered whether it would be pulled as soon as I saw someone had added the offending post.

 

[jimi]

Look Norman who called you a crook? I'll beat them up for you.

 

[fireball]

Keith's the crook ... he's been nicking threads... soon he'll have enough for a new offshore suit!!

 

[jimi]

I thought he was going to fence them .. Keith's a crook and a liar, albeit a very handsome one, cos he promised me a free mag and I ain't got it yet!

 

[Blueboatman]

You wanna know what was going on,you gotta go talk to the boys that work(ed) there,'specially last Friday.

 

[Sailfree]

Go on repeat what the "allegedly "said by the ex employees then it could possibly be hearsay of an alleged libel!

Never let the truth get in the way of a good story!

 

[Koeketiene]

Does this mean that if the alleged crook is indeed found to be a crook you will reinstate the thread?

You must admit that the disappearing act, the fact that deposits have been taken these last months when they must have known they were going down, that suppliers and employees haven't been paid, etc... cast a bad light.

If it walks like a duck, sounds like a duck...

 

[Sailfree]

Come on get real.

"Oh sir I would love to take your deposit but we are struggling financially at present and until its clarified whether we are solvent or bust we are no doing any further new business, just paying the rent, the staff and the overheads - Oh perhaps we will be bust!!"

Any firm is going to keep trading up to the point when they know they can't - now whether at that point they have been trading while insolvent is a moot point.

What is wrong is that the money is not protected in a special account and its 20 years in prison if this account is misused - so money from said account can only go to boat builder or be returned. Profit and operating money is from profit of sold boats only.

Feel sosorry for those that have been caught out on this one but its not a new occurance to this mickey mouse industry called the marine industry.

 

[1yppah]

Here we go again...

What disappearing act?

If you are referring to Brian, i think you will find he is in spain as reported here by MBM. Its not like he has run of to Brazil with bags full of cash....

 

[Guest]

If someone's convicted of a crime and he gets called a crook then I'm happy to report it, or see it discussed on here.

There was a thread when I first started about John Prescott being a lying secretary shagging individual. He lied to his wife, shagged his secretary and the thread stayed up.

I think that's fair..?

 

[Koeketiene]

Fair enough

 

[moondancer]

[ QUOTE ]


I think that's fair..?

[/ QUOTE ]

Not for his secretary it isn't! Imagine having to live with the shame of that - have you seen the guy? She looked quite nice as well. /forums/images/graemlins/laugh.gif

 

[Blueboatman]

Sadly the truth is quite painful to many involved. Am I right in dreaming that Peters has been for sale for quite a while ?

 

[1yppah]

Why dont we wait until the full facts emerge then we will all have a clear idea as to who the winners or looser are. Like I said I understand there are a lot of assets that will be sold some of which are worth a substantial amount of money.

 

[Twister_Ken]

And by now KPMG's bills will already be eating into those assets at an alarming rate. Those guys aren't on £50 an hour.

 

[Nautorius]

...and most of those assets have finance attached! All looks very difficult to unravel to me. What has been accepted is that they ran out of cash, i.e more going out than coming in. To increase cash flow they borrowed heavily against assets or liquidated some assets. This then meant they had short term cash. Unfortunately debts have to be repaid and if business has not improved the curtains are drawn.

My guess is they were desperately trying to get to SIBS and get all those deposits to ensure survival. After SIBS they could then make lay offs without losing as much face and go lean into the winter.

Unfortunately time ran out. Such trading is not illegal or dishonest. Trading when insolvent is. They stopped trading and went into administration when insolvency beckoned. They are guilty of poor financial planning and sticking their heads in the mud. Unfortunately it is the staff and customers who lose out....and of course the shareholders (although it is a Tax write off!)

I am not defending them, but it is reality in this game..

Cheers

Paul /forums/images/graemlins/frown.gif

 

[cookjwm]

takes a long time for a business to die and the bigger the business the longer it can be stretched, but if you have your numbers you can see whats happening.
Just hope deposits are safe