Roger Mexico Posted September 7, 2022 Share Posted September 7, 2022 (edited) 1 hour ago, kevster said: very little evidence? Yes I read that (and it's all the news 'coverage' appears to built on). But is there anything there that explains what the 'scaling back' consists of? Other than "smaller batch sizes" which may be more than compensated for by "larger ranges". And may simply be a function of how the new bakehouse is set up (which will have been how they wanted it). Edited September 7, 2022 by Roger Mexico Clarity Quote Link to comment Share on other sites More sharing options...
Numbnuts Posted September 7, 2022 Share Posted September 7, 2022 3 hours ago, BriT said: It’s never been the same since that terrible rude shouty little man had the Costa in there. Is he still involved , and we so know who you mean, with Costa. Not been in one of there outlets for a few years and really all because of him. Bohemian every time. 2 Quote Link to comment Share on other sites More sharing options...
Holte End Posted September 7, 2022 Share Posted September 7, 2022 Just as a matter of interest how long does it take appointed Liquidators have to wind up a company, is there a time deadline ? Quote Link to comment Share on other sites More sharing options...
Passing Time Posted September 7, 2022 Share Posted September 7, 2022 3 hours ago, BriT said: It’s never been the same since that terrible rude shouty little man had the Costa in there. Was Costa ever in there? Quote Link to comment Share on other sites More sharing options...
The Phantom Posted September 7, 2022 Share Posted September 7, 2022 2 minutes ago, Holte End said: Just as a matter of interest how long does it take appointed Liquidators have to wind up a company, is there a time deadline ? Afraid not. It could drag on for years. Depends on the assets and who is owed money and how reasonable they are regarding settlement. 1 Quote Link to comment Share on other sites More sharing options...
0bserver Posted September 7, 2022 Share Posted September 7, 2022 3 hours ago, Bandits said: artisan wank-fest of middle class pretentiousness Brilliant. 1 hour ago, Roger Mexico said: have to point out (again) that there seems little evidence that Noa are 'scaling back' I have to point out (again) that they are scaling back. https://www.iomtoday.co.im/news/business/bakery-noa-to-cut-production-562331 1 Quote Link to comment Share on other sites More sharing options...
Mistercee Posted September 7, 2022 Share Posted September 7, 2022 25 minutes ago, Holte End said: Just as a matter of interest how long does it take appointed Liquidators have to wind up a company, is there a time deadline ? I think it depends on the type of Liquidation - winding up by the Court, Members Voluntary Liquidation or Creditors Voluntary Liquidation. I am pretty certain there is a legal requirement to have a meeting of Members and / or creditors annually on the anniversary of the commencement of the winding up. 1 Quote Link to comment Share on other sites More sharing options...
The Phantom Posted September 7, 2022 Share Posted September 7, 2022 7 minutes ago, Mistercee said: I am pretty certain there is a legal requirement to have a meeting of Members and / or creditors annually on the anniversary of the commencement of the winding up. Correct. If you're a creditor, you'll generally be kept up to date with what's going on with the liquidation. But it all comes down to how quickly assets can be liquidated and dished out to whom they are owed, the preferential status of some of the creditors (i.e. some will get paid before others) and whether those creditors will be reasonable in coming to an arrangement in the likely event that the assets are less than the liabilities. Of course they can also just descend into a money making exercise for the Liquidator. The longer it goes on, the more they get paid. Quote Link to comment Share on other sites More sharing options...
Gladys Posted September 7, 2022 Share Posted September 7, 2022 1 hour ago, Holte End said: Just as a matter of interest how long does it take appointed Liquidators have to wind up a company, is there a time deadline ? I don't think there is a time limit, but it can take a very long time to unravel some arrangements to get best value for the creditors. 1 Quote Link to comment Share on other sites More sharing options...
doc.fixit Posted September 7, 2022 Share Posted September 7, 2022 We'll be back to front room shops again. 1 Quote Link to comment Share on other sites More sharing options...
kevster Posted September 7, 2022 Share Posted September 7, 2022 3 hours ago, Passing Time said: Was Costa ever in there? Yes - I remember him walking around and shouting personal details of staff members into his phone Quote Link to comment Share on other sites More sharing options...
Banker Posted September 7, 2022 Share Posted September 7, 2022 2 hours ago, 0bserver said: Brilliant. I have to point out (again) that they are scaling back. https://www.iomtoday.co.im/news/business/bakery-noa-to-cut-production-562331 I understand they will be cutting back on loaves & concentrate on higher margin items like baps, bagels, pastries etc. A sausage bap in their bread at Noas costs I think £6.50 so massive profits whereas bread with supermarkets margin, delivery costs, packaging eyc will be nowhere near same profits 1 Quote Link to comment Share on other sites More sharing options...
Passing Time Posted September 7, 2022 Share Posted September 7, 2022 31 minutes ago, kevster said: Yes - I remember him walking around and shouting personal details of staff members into his phone Obnoxious twunt that he was. His son is the same. 1 Quote Link to comment Share on other sites More sharing options...
asitis Posted September 7, 2022 Share Posted September 7, 2022 7 minutes ago, Passing Time said: Obnoxious twunt that he was. His son is the same. I only went in there hoping one the polish chaps would chin him , when he was awful to employees. 2 Quote Link to comment Share on other sites More sharing options...
Phillip Dearden Posted September 7, 2022 Share Posted September 7, 2022 2 hours ago, Gladys said: I don't think there is a time limit, but it can take a very long time to unravel some arrangements to get best value for the creditors. I am sure there is no legal maximum time limit and I have seen liquidations go on for many years. However, unless there is money to be found, usually from the sale of assets or stock but possibly from a creditor, then the liquidator will want to finish it quickly. If the money runs out, he or she is not going to get paid. Usually, liquidation means there is not much money about. 1 Quote Link to comment Share on other sites More sharing options...
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