Menu
Forums
New posts
Search forums
What's new
New posts
Latest activity
Log in
Register
What's new
Search
Search
Search titles and first posts only
Search titles only
By:
New posts
Search forums
Menu
Log in
Register
Install the app
Install
Help Support The Rugby Forum :
Forums
Rugby Union
Premiership Rugby / Premiership Cup
We Need to talk about Worcester
JavaScript is disabled. For a better experience, please enable JavaScript in your browser before proceeding.
You are using an out of date browser. It may not display this or other websites correctly.
You should upgrade or use an
alternative browser
.
Reply to thread
Message
<blockquote data-quote="Bada-Bing!" data-source="post: 1101290" data-attributes="member: 70552"><p>This comes down to the whole Limited liability and why a lot of businesses set up this way. What @Dando was going on about earlier on this thread.</p><p></p><p>These directors can be struck off as being future directors if they have undertaken any serious misconduct. Badly run Companies go bust all the time.</p><p></p><p>The thing is a sane buyer is not going to take on a reported £6m debt to HMRC that was not of their own doing without an indemnity from the current owners. So yes, clearly something isn't right. And Current owners don't want to sell WW for a loss.</p><p></p><p>Personally, I can only see this ending In Administration.</p><p></p><p>Staff are admirable in the very short term but their patience will snap if they keep not getting paid.</p></blockquote><p></p>
[QUOTE="Bada-Bing!, post: 1101290, member: 70552"] This comes down to the whole Limited liability and why a lot of businesses set up this way. What @Dando was going on about earlier on this thread. These directors can be struck off as being future directors if they have undertaken any serious misconduct. Badly run Companies go bust all the time. The thing is a sane buyer is not going to take on a reported £6m debt to HMRC that was not of their own doing without an indemnity from the current owners. So yes, clearly something isn’t right. And Current owners don’t want to sell WW for a loss. Personally, I can only see this ending In Administration. Staff are admirable in the very short term but their patience will snap if they keep not getting paid. [/QUOTE]
Verification
Post reply
Forums
Rugby Union
Premiership Rugby / Premiership Cup
We Need to talk about Worcester
Top