Flybe – What Happened?
Flybe recently collapsed for the second time in (just) under three years. As with its first collapse, the pandemic will be publicly blamed. Also as with its first collapse, this is very far from being the whole truth. Flybe’s second collapse happened for much the same reasons as its first collapse. Those reasons go way […]
Is bankruptcy common knowledge?
Bankruptcy is arguably a rather odd situation in that it is, in principle, public knowledge. In practice, however, it’s highly unlikely that anyone you know personally will find out unless you choose to tell them. Your existing creditors, however, will have to be told and, going forward, some service providers will either be told or […]
What does going into administration mean?
We\’ve also seen recent headlines of large companies going in \”Administration\” but what exactly does it mean? Company directors are legally forbidden from allowing a company to continue to trade when they know it is insolvent. They do not, however, necessarily, have to wind up the company immediately and declare it failed. Instead they can […]
What happened to Toys R Us and Maplin?
Toys R Us and Maplin are the latest high-street names to be on the point of admitting defeat and closing their doors for the last time, but while “difficult trading conditions” and other such phrases seem to be commonplace in these situations, an objective look at the situation indicates that bad management was at least […]