shoes
Well-Known Forumite
I can't quite get over how deluded some people are....well done for sticking up for the staff @tek-monkey
Echos my thoughts exactly.
I cannot believe that in this day and age this practice is legal. Absolutely shocking.
-
Welcome to Stafford Forum. Please or sign-up and start posting!
Lowndes Fruits closed across Staffordshire
- Thread starter Darren
- Start date
Echos my thoughts exactly.
I cannot believe that in this day and age this practice is legal. Absolutely shocking.
captainpish
Well-Known Forumite
So in a nutshell theyre folding the business and transferring the assets to a new company under a different guise and letting the taxpayer foot the bill for its debts? Nice. If thats the case i know where they can stick their bananas!
arthur
Nixon Garden Neatness
There seems to be some unpleasant comments made on the forum about this subject. This is not what the forum is all about. That sort of behavior is best saved for Facebook.
What is clear from all the threads is that the employees were treated disgracefully, whether or not that was because of advice taken on insolvency or not, it is still appalling to treat long serving loyal staff in that way; I hope that the ex-employees get some redress from the NI fund.
There does seem to be some underhand practice in the closure if all the assets have been transferred to the new business whilst wages and redundancy pay was outstanding to staff. The assets should have been sold to pay them.
I’m sure that everyone can sympathize with a company struggling and going under – but there seems no logic to open again if they were not turning a profit and if rent was owed it would have been owed by the old company and therefore a debt - not somthing the new compnay had to worry about.So should not have been in the equation when thinking of how to pay the rent.
If they did take advice they would have also been informed of the following statement:
There is absolutely no legal requirement to put an insolvent company into voluntary Liquidation and certainly no legal requirement to appoint an IP. Effectively all that is required in law is that a company finding itself to be insolvent must cease to trade, and that all creditors must then be treated equitably.
That includes the staff!!!
What is clear from all the threads is that the employees were treated disgracefully, whether or not that was because of advice taken on insolvency or not, it is still appalling to treat long serving loyal staff in that way; I hope that the ex-employees get some redress from the NI fund.
There does seem to be some underhand practice in the closure if all the assets have been transferred to the new business whilst wages and redundancy pay was outstanding to staff. The assets should have been sold to pay them.
I’m sure that everyone can sympathize with a company struggling and going under – but there seems no logic to open again if they were not turning a profit and if rent was owed it would have been owed by the old company and therefore a debt - not somthing the new compnay had to worry about.So should not have been in the equation when thinking of how to pay the rent.
If they did take advice they would have also been informed of the following statement:
There is absolutely no legal requirement to put an insolvent company into voluntary Liquidation and certainly no legal requirement to appoint an IP. Effectively all that is required in law is that a company finding itself to be insolvent must cease to trade, and that all creditors must then be treated equitably.
That includes the staff!!!
proactive
Enjoying a drop of red.
Could you provide those of us don't know what a forum is for with a list of topics and a attitudes that are acceptable?
Darren
Well-Known Forumite
That makes everything ok then, i hope there staff and the companies they owe money to read this because it makes everything ok, ill will pass this on to my mate who worked there for over 12 years it will cheer him up thanks.
Glam
Mad Cat Woman
Without wanting to sound rude Arthur, have you read all the other posts on this Forum?
This is a place for Staffordians, old and new, to express their own personal feelings about each and every subject on here. Occasionally our lovely Admin has to step in and pull us up, not very often tho. I'd hate to think I couldn't come on here and say what I think in case it upsets someone.
arthur
Nixon Garden Neatness
perhaps i'm being to sensitive then but comments like:
This is complete bullshit Keith Lowndes has nothing to do with the new business
and
You're either one of them, incredibly stupid or incredibly naive. Quite frankly I think it's a mix of all three.
Seem a bit offensvie
This is complete bullshit Keith Lowndes has nothing to do with the new business
and
You're either one of them, incredibly stupid or incredibly naive. Quite frankly I think it's a mix of all three.
Seem a bit offensvie
proactive
Enjoying a drop of red.
That is the nature of internet forums.
In fact this forum is very well behaved compared to most others. I'm head mod on another forum and that's like juggling piranha fish.
Glam
Mad Cat Woman
It may be offensive, but it is still peoples opinions.
Darren
Well-Known Forumite
Are saying Staffordshire fruits has closed down ?
OddBall
Active Member
JC?
John Marwood
I ♥ cryptic crosswords
shoes
Well-Known Forumite
I can't quite get over how deluded some people are....well done for sticking up for the staff @tek-monkey
Echos my thoughts exactly.
shoes
Well-Known Forumite
Clearly you weren't party to the big benefits and employment thread
I've mellowed somewhat in the cheap date era.
neverwhere
A few posts under my belt
Lowndes Fruits Limited, financials: https://www.duedil.com/company/04706302/lowndes-fruits-limited/financials
Last edited:
tek-monkey
wanna see my snake?
Obviously didn't see it coming then......
