ray 105 Posted April 21, 2012 Share Posted April 21, 2012 There are options available to the administrators that do not involve any form of liquidation miller style or otherwise, personally my money is on the second option shown here.Administration to achieve a Better ResultAs previously outlines Administration can be used as a mechanism to protect your company from an aggressive creditor. The administrator who is then appointed is able to if required sell your business as a going concern!This can be a very strong Insolvency tool which prevents creditors from forcing your company to liquidate and very often allows the business owner to see a much better return than in liquidation.Pre Pack AdministrationQuite simply it does what the name implies. You as the company's director along with the other directors or a third party agree to buy the company's assets of the administrator.The process requires for your company to be placed into administration. This then means that the your company is relieved of any onerous contracts, unsecured debts and un-necessary staff. A new company is then able to purchase the assets of the old company from the administrator.It is not un-normal for a pre-pack administration to be carried out over the course of a weekend. It is an extremely effective and cost efficient way of streamlining a viable business! Quote Link to post Share on other sites More sharing options...
Tamb 126 Posted April 21, 2012 Share Posted April 21, 2012 Absolute pish Quote Link to post Share on other sites More sharing options...
ray 105 Posted April 21, 2012 Author Share Posted April 21, 2012 Absolute pishYou better tell the insolvency services, direct from their website. Quote Link to post Share on other sites More sharing options...
Sheikh Salim 215 Posted April 21, 2012 Share Posted April 21, 2012 At the moment, I'd rather not think too much about no bidder being successful. However, any option that still has CW at the helm is a no go for me. Quote Link to post Share on other sites More sharing options...
ray 105 Posted April 21, 2012 Author Share Posted April 21, 2012 At the moment, I'd rather not think too much about no bidder being successful. However, any option that still has CW at the helm is a no go for me.We are better of staying in admin than getting punted to crazy miller or tbk's who open at will for ticketus. Quote Link to post Share on other sites More sharing options...
lau03143 87 Posted April 21, 2012 Share Posted April 21, 2012 There are options available to the administrators that do not involve any form of liquidation miller style or otherwise, personally my money is on the second option shown here.Administration to achieve a Better ResultAs previously outlines Administration can be used as a mechanism to protect your company from an aggressive creditor. The administrator who is then appointed is able to if required sell your business as a going concern!This can be a very strong Insolvency tool which prevents creditors from forcing your company to liquidate and very often allows the business owner to see a much better return than in liquidation.Pre Pack AdministrationQuite simply it does what the name implies. You as the company's director along with the other directors or a third party agree to buy the company's assets of the administrator.The process requires for your company to be placed into administration. This then means that the your company is relieved of any onerous contracts, unsecured debts and un-necessary staff. A new company is then able to purchase the assets of the old company from the administrator.It is not un-normal for a pre-pack administration to be carried out over the course of a weekend. It is an extremely effective and cost efficient way of streamlining a viable business!Viable business?Can any Scottish football team be classed as a viable business, especially one that demands footballing success every year, which requires ridiculous amounts of money spent on poor players. Quote Link to post Share on other sites More sharing options...
ray 105 Posted April 21, 2012 Author Share Posted April 21, 2012 Viable business?Can any Scottish football team be classed as a viable business, especially one that demands footballing success every year, which requires ridiculous amounts of money spent on poor players.If The Rangers are not a viable business we may as well all take up knitting. Quote Link to post Share on other sites More sharing options...
Sheikh Salim 215 Posted April 21, 2012 Share Posted April 21, 2012 We are better of staying in admin than getting punted to crazy miller or tbk's who open at will for ticketus.How you can think we are better off staying in admin when we have already run up £4million or whatever of admin fees is unbelievable. Tell me please, what is so crazy about Miller, and how are TBK's 'open at will'? Ticketus will get fuck all if we go into liquidation and they know this. They are now in no position to be fucking around imo. Quote Link to post Share on other sites More sharing options...
ray 105 Posted April 21, 2012 Author Share Posted April 21, 2012 How you can think we are better off staying in admin when we have already run up £4million or whatever of admin fees is unbelievable. Tell me please, what is so crazy about Miller, and how are TBK's 'open at will'? Ticketus will get fuck all if we go into liquidation and they know this. They are now in no position to be fucking around imo.Easy, because both of the bidders left will liquidate the club, don't say you weren't warned. Quote Link to post Share on other sites More sharing options...
Sheikh Salim 215 Posted April 21, 2012 Share Posted April 21, 2012 Easy, because both of the bidders left will liquidate the club, don't say you weren't warned. It is always nice to sensationalise things to suit your own opinion. Quote Link to post Share on other sites More sharing options...
MasterD 7,446 Posted April 21, 2012 Share Posted April 21, 2012 My option would be for you to fuck off Quote Link to post Share on other sites More sharing options...
ray 105 Posted April 21, 2012 Author Share Posted April 21, 2012 My option would be for you to fuck off All over your tits ya rocket. Quote Link to post Share on other sites More sharing options...
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