Pages: 1 [2]   Go Down
Print
Author Topic: Is Admin an Option?  (Read 1829 times)
The Artist Formerly Known as Audrey

Offline Offline

Posts: 9982


‘Absolute Calamity!’




Ignore
« Reply #15 on: Friday, April 16, 2021, 16:25:41 »

Power would also need the approval from Clem to do so.
Not sure about that with Clem bring a minority shareholder. It’s why he had to get an injunction to prevent it.
Logged

Shrivvy Road

Offline Offline

Posts: 759




Ignore
« Reply #16 on: Friday, April 16, 2021, 16:29:33 »

Not sure about that with Clem bring a minority shareholder. It’s why he had to get an injunction to prevent it.
That was Standing wasn't it. I think one thing we can all agree on is no one has a fucking clue do we
Logged
The Artist Formerly Known as Audrey

Offline Offline

Posts: 9982


‘Absolute Calamity!’




Ignore
« Reply #17 on: Friday, April 16, 2021, 16:31:05 »

Standing’s standing is yet to be determined by the court. He may turn out to be have been right royally shafted by Power.

Only Clem has a cast iron shareholding.
Logged

Flashheart

Online Online

Posts: 31227


FUCK YEAH! ©™




Ignore
« Reply #18 on: Friday, April 16, 2021, 16:32:04 »

That was Standing wasn't it. I think one thing we can all agree on is no one has a fucking clue do we

There's another injunction.

Fuck knows how many there are in total
Logged

I like it firm and fruity.
JBZ
Not as likeable as Reg was, a fencesitting WUM

Offline Offline

Posts: 2232


Allegedly, not a Swindon Town supporter




Ignore
« Reply #19 on: Friday, April 16, 2021, 16:50:09 »

 Standing may have the benefit of an interim injunction pending the trial of his claim preventing a sale of shares etc.

Posts this week suggested that CM has applied for separate injunctive relief effectively preventing one or more company entering administration (a company can enter administration by one of 2 routes).

Logged

A year in the hole had taken its toll
When I took a good look at me
And what a surprise
The scope of my eyes could only see black
And I remember someone who was taking them two by two
And lately I'd become the one who'd have laughed at you too!
Batch
Not a Batch

Offline Offline

Posts: 45461





Ignore
« Reply #20 on: Friday, April 16, 2021, 17:09:28 »

If a holding company goes into admin, does it take the subsidiary by default?
Logged

Adore this life
There is no guarantee
Could end by tomorrow
Frigby Daser

Offline Offline

Posts: 3203





Ignore
« Reply #21 on: Friday, April 16, 2021, 17:50:46 »

Has anyone considered the possibility this is a pre pack administration, which ABLE (or another third party) wants as a term of acquiring the company?
Logged
The Artist Formerly Known as Audrey

Offline Offline

Posts: 9982


‘Absolute Calamity!’




Ignore
« Reply #22 on: Friday, April 16, 2021, 17:57:56 »

Strangely, the present government has tightened up the rules

Pre-pack administrations involving people connected to the insolvent company are set to come under greater scrutiny in a bid to make the process more transparent.

Pre-pack sales where connected parties, such as the insolvent company’s shareholders or directors, are involved in the process will be required by law to undergo independent scrutiny, the government announced today.
Logged

ron dodgers

Offline Offline

Posts: 2471


shaddap your face




Ignore
« Reply #23 on: Friday, April 16, 2021, 18:38:51 »

in the old days, wasn't it three admins and you're out?
Logged
pauld
Aaron Aardvark

Offline Offline

Posts: 25434


Absolute Calamity!




Ignore
« Reply #24 on: Friday, April 16, 2021, 18:48:05 »

in the old days, wasn't it three admins and you're out?
No, that was a myth. But people still believe it Sad

But if we get a hat-trick of insolvency events, we get to keep Andronikou
Logged
Batch
Not a Batch

Offline Offline

Posts: 45461





Ignore
« Reply #25 on: Friday, April 16, 2021, 18:51:17 »

oh dear god no
Logged

Adore this life
There is no guarantee
Could end by tomorrow
Pages: 1 [2]   Go Up
Print
Jump to: