Coffin Ender Posted April 25, 2013 Share Posted April 25, 2013 If it's £2m, they are just delaying the inevitable, aren't they? Link to comment Share on other sites More sharing options...
Eastside Urchin Posted April 25, 2013 Share Posted April 25, 2013 Yes but if they enter into a CVA then they would pay around a fifth of that debt. I think new owners are waiting to take them over once the admin has gone through. It's just a big con really Link to comment Share on other sites More sharing options...
Coffin Ender Posted April 26, 2013 Share Posted April 26, 2013 Looking at their forum, half the debt seems to be directors' loans. Of the rest, £300,000 is said to be unsecured. Quite why anyone would want to take them over, I have no idea. Link to comment Share on other sites More sharing options...
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