V8Druid
do it as well as you can,but learn to do it better
CEF members will/may be familiar with some of my irate posts on the thread of the same name there ... mostly the Carrilion debacle, but several other 'smaller' fiascoes along the same sort of lines too ....
Company law in the UK needs a massive shake up to prevent this sort of thing continuing to occur
..... but it'll never happen as too many, in certain positions, gain too much from these occurrences and collapses.
Banks, accountants, insolvency practitioners, administrators, solicitors, etc., etc., all gain far too much, to ever see much in the way of change ...... or to liability and most often those who cause the problems walk away with total impunity
so to the reason for this continuation .....
https://www.theconstructionindex.co.uk/news/view/union-tallies-public-cost-of-carillion-collapse
" taxpayer-funded redundancy payments to former Carillion staff are set to reach £65m "..... FFS ... that's us ... the tax paying populous who bear the brunt of a lot 'so called ' insolvencies - read that as planned scams, a lot of the time, which wipe out millions, in this case billions from the UK economy and then further burden the same with this sort of outcome.
All that money has gone; vanished somewhere, to someones gain/pocket/off shore bank account/where ever ....
UK-PLC's economy will never see it again, whether its billions or some small outfit who's taken their creditors for £100k .... and in whatever form, we the tax payer has to 'take up the slack'/hole left behind.
So ... WTF are the management of Carillion allowed to walk away, pockets stuffed, to their swank homes in their expensive suits and cars and leave the tax paying public to pick up the bill ... why have their assets not been seized ... assets bought with what were essentially 'ill gotten gains', at everyone's cost .... and why have we not seen a single prosecution for fraudulent activities, at the very least ??
they knew exactly WTF was 'going down ', apart from the company they were supposed to be managing and made damned sure they walked away with 'all the loot'
Company law in the UK needs a massive shake up to prevent this sort of thing continuing to occur
..... but it'll never happen as too many, in certain positions, gain too much from these occurrences and collapses.Banks, accountants, insolvency practitioners, administrators, solicitors, etc., etc., all gain far too much, to ever see much in the way of change ...... or to liability
and most often those who cause the problems walk away with total impunity so to the reason for this continuation .....
https://www.theconstructionindex.co.uk/news/view/union-tallies-public-cost-of-carillion-collapse
" taxpayer-funded redundancy payments to former Carillion staff are set to reach £65m "
..... FFS ... that's us ... the tax paying populous who bear the brunt of a lot 'so called ' insolvencies - read that as planned scams, a lot of the time, which wipe out millions, in this case billions from the UK economy and then further burden the same with this sort of outcome. All that money has gone; vanished somewhere, to someones gain/pocket/off shore bank account/where ever ....
UK-PLC's economy will never see it again, whether its billions or some small outfit who's taken their creditors for £100k .... and in whatever form, we the tax payer has to 'take up the slack'/hole left behind.
So ... WTF are the management of Carillion allowed to walk away, pockets stuffed, to their swank homes in their expensive suits and cars and leave the tax paying public to pick up the bill ... why have their assets not been seized ... assets bought with what were essentially 'ill gotten gains', at everyone's cost .... and why have we not seen a single prosecution for fraudulent activities, at the very least ??
they knew exactly WTF was 'going down ', apart from the company they were supposed to be managing and made damned sure they walked away with 'all the loot'
