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Author Topic: Remember Farepak?  (Read 872 times)

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Varche

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Remember Farepak?
« on: 29 November 2011, 11:31:28 »

They had 5.5 million pounds of assets BUT the winding up process has cost 8.2 million. "This includes BDO's own fees as well as those of insurers and PR executives." PR executives to wind a company up?

Well done BDO et al. I hope you sleep well this Christmas as the customers who lost an average of 400 each were shall we say at the more vulnerable end of the spectrum.

More evidence that the drones are the ones that pay for the trappings of the rich!

Article here.  http://www.bbc.co.uk/news/business-15919515
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albitz

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Re: Remember Farepak?
« Reply #1 on: 29 November 2011, 12:06:20 »

Its always the way with insolvencies.My previous employer of 20 years owed me £15,000, but after KPMG had spent a couple of years messing around and billing £££ by the hour there wasnt a brass farthing left. >:(
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Varche

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Re: Remember Farepak?
« Reply #2 on: 29 November 2011, 12:19:58 »

Its always the way with insolvencies.My previous employer of 20 years owed me £15,000, but after KPMG had spent a couple of years messing around and billing £££ by the hour there wasnt a brass farthing left. >:(

Ah well that makes it alright then. Did KPMG have some PR people on that firms insolvency too? seems a good gravy train for these bloodsuckers execs.
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Dishevelled Den

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Re: Remember Farepak?
« Reply #3 on: 29 November 2011, 13:05:10 »

They had 5.5 million pounds of assets BUT the winding up process has cost 8.2 million. "This includes BDO's own fees as well as those of insurers and PR executives." PR executives to wind a company up?

Well done BDO et al. I hope you sleep well this Christmas as the customers who lost an average of 400 each were shall we say at the more vulnerable end of the spectrum.

More evidence that the drones are the ones that pay for the trappings of the rich!

Article here.  http://www.bbc.co.uk/news/business-15919515





That will always be the case when the bottom line is the first thing to be considered.

These parasites have been allowed to get away with it for so long now that such behaviour has, in the majority of cases, become custom and practice.

The unwillingness to enforce regulation (where it exists) is criminally scandalous, but then what do you expect in this country where money and the acquisition of it – by any means deemed reasonable by those in pursuit of it -  assumes a primary role in most every commercial venture and service.
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