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Yet another total success story coming out ! |
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Scrumtime 
World Cup Winner 
Joined: 26 Aug 2020 Location: London Status: Offline Points: 898 |
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 Topic: Yet another total success story coming out !Posted: 24 Mar 2025 at 08:22 |
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Stalwart*
First XV regular 
Joined: 05 Dec 2024 Location: Penzance Status: Offline Points: 80 |
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Posted: 24 Mar 2025 at 10:16 |
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Another RFU shambles, what a complete sh** show they are.
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Pirate
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JZSmith
British and Irish Lion 
Joined: 27 Aug 2024 Location: England Status: Offline Points: 226 |
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Posted: 24 Mar 2025 at 10:57 |
That's why they are paid the big bucks Stalwart. Imagine what we'd get if they were paid what they were worth!
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No 7
World Cup Winner
Joined: 10 Oct 2011 Location: LONDON Status: Offline Points: 1934 |
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Posted: 24 Mar 2025 at 11:43 |
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Failure after failure = Sweeney bonus
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Ambition should be made of sterner stuff.
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Halliford
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Joined: 17 Feb 2010 Location: United Kingdom Status: Offline Points: 4290 |
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Posted: 24 Mar 2025 at 13:56 |
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Read the article properly - it says planned business restructure. Not every company liquidation in England is financial failure. It's just the way company law works. Mind you, it's still daft to close it without announcing the replacement.
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Camquin
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Joined: 01 Jun 2007 Location: Cambridge Status: Offline Points: 11916 |
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Posted: 24 Mar 2025 at 15:47 |
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It is a solvent liquidation. In the statement of solvency, it is estimated that the company has assets of 200,000 and no debts. But the last accounts cover the period to the end of June 2022 at which point it had assets of over £3m - mainly as debtors. Something is going on, but I am not sure what. It is not all doom and gloom, but it is not a rose garden either. |
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Sweeney Delenda Est
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JZSmith
British and Irish Lion
Joined: 27 Aug 2024 Location: England Status: Offline Points: 226 |
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Posted: 25 Mar 2025 at 12:14 |
I remember when Woolworth's had a planned business restructure!
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Stalwart* wrote: