Numbnuts Posted October 20, 2022 Share Posted October 20, 2022 (edited) Nobody could have forseen whats happened over the last 3 years. With Covid and then the war in Ukraine having had a business I really feel for any business owner particularly if tied to renting property. Anyone who doesnt have sympathy and empathy needs to give there head a wobble. Yes , for sure we all have a difficult time currently but most dont have responsibility for others income too. Edited October 20, 2022 by Numbnuts 1 1 Quote Link to comment Share on other sites More sharing options...
Numbnuts Posted October 20, 2022 Share Posted October 20, 2022 Sorry , often I have to save a partially written post , close page and re enter to finish the post. Type freezes...anyone have a idea why ? Quote Link to comment Share on other sites More sharing options...
Gladys Posted October 20, 2022 Share Posted October 20, 2022 32 minutes ago, offshoremanxman said: Yeah tough shit and all that. The sympathy on this forum is so overwhelming. No, not tough shit, but realism. What would you like to see happen? A change in the law which requires renegotiation of leases when economic factors make the lease onerous? 3 Quote Link to comment Share on other sites More sharing options...
offshoremanxman Posted October 20, 2022 Share Posted October 20, 2022 Just now, Gladys said: No, not tough shit, but realism. What would you like to see happen? A change in the law which requires renegotiation of leases when economic factors make the lease onerous? The realism is that more and more of this sort of thing is going to happen. Many businesses are tied into leases that make little commercial sense anymore. Especially in the IOM where many commercial rents are nuts and many of the property owners are the same multi millionaire property owners who probably could afford to take a hit but won’t. So the result, as I said above, is a load of jobs lost as 10s of similar businesses like this go to the wall and lay staff off. There is only one set of losers. And it isn’t multi millionaire owned property companies who will just sit on empty assets bought years ago until the market recovers. 4 1 Quote Link to comment Share on other sites More sharing options...
Apple Posted October 20, 2022 Share Posted October 20, 2022 1 hour ago, Banker said: Well Tim Glover has been on radio saying more help is needed for small businesses, not sure where he expects money from!! £1.07 billion in reserves. ? Or is it not raining hard enough yet Dr. Quote Link to comment Share on other sites More sharing options...
Banker Posted October 20, 2022 Share Posted October 20, 2022 2 hours ago, Apple said: £1.07 billion in reserves. ? Or is it not raining hard enough yet Dr. A lot of our funds are tied up in various investments which have taken a hit in recent years & to sell them to fund expenditure could mean realizing losses & selling at bottom of market. Weve also got pension deficit & £400m bond to service Quote Link to comment Share on other sites More sharing options...
When Skies are Grey V2 Posted October 20, 2022 Share Posted October 20, 2022 5 hours ago, Banker said: ... not sure where he expects money from!! The firework fund! Quote Link to comment Share on other sites More sharing options...
offshoremanxman Posted October 20, 2022 Share Posted October 20, 2022 4 hours ago, Apple said: £1.07 billion in reserves. ? Or is it not raining hard enough yet Dr. If it was up to Glover we’d be handing out free cash to everyone just like we did in his covid world. 1 Quote Link to comment Share on other sites More sharing options...
Apple Posted October 20, 2022 Share Posted October 20, 2022 (edited) 8 minutes ago, offshoremanxman said: If it was up to Glover we’d be handing out free cash to everyone just like we did in his covid world. Exactly. Or in 2008 when the banks were bailed out. Apprently what goes around doesn't alway come around. 2 hours ago, Banker said: A lot of our funds are tied up in various investments which have taken a hit in recent years & to sell them to fund expenditure could mean realizing losses & selling at bottom of market. Weve also got pension deficit & £400m bond to service And whose fault is that...ours? Haven't we got enough Accountants and Lawyers and Technos and well informed Treasury and Civil Service people in Government. We'd best appoint some more then - oh we just have. Edited October 20, 2022 by Apple last bit 2 Quote Link to comment Share on other sites More sharing options...
Banker Posted October 20, 2022 Share Posted October 20, 2022 1 hour ago, Apple said: Exactly. Or in 2008 when the banks were bailed out. Apprently what goes around doesn't alway come around. And whose fault is that...ours? Haven't we got enough Accountants and Lawyers and Technos and well informed Treasury and Civil Service people in Government. We'd best appoint some more then - oh we just have. In case you hadn’t noticed there’s been a worldwide pandemic, a war in Europe & rising inflation which has led to falls in stock markets worldwide so no amount of advisors will protect you against these issues 1 Quote Link to comment Share on other sites More sharing options...
manxfisherman Posted October 20, 2022 Share Posted October 20, 2022 Has the court case happened, or did the landlord change the locks before it? Quote Link to comment Share on other sites More sharing options...
offshoremanxman Posted October 20, 2022 Share Posted October 20, 2022 5 minutes ago, manxfisherman said: Has the court case happened, or did the landlord change the locks before it? Before court case is next week Quote Link to comment Share on other sites More sharing options...
manxfisherman Posted October 20, 2022 Share Posted October 20, 2022 That's definitely shitty behaviour then. 1 Quote Link to comment Share on other sites More sharing options...
NoTailT Posted October 20, 2022 Share Posted October 20, 2022 4 minutes ago, offshoremanxman said: Before court case is next week I'm pretty certain it was already heard? It's no longer on the courts schedule. Quote Link to comment Share on other sites More sharing options...
Gizo Posted October 20, 2022 Share Posted October 20, 2022 2 minutes ago, manxfisherman said: That's definitely shitty behaviour then. Depends really, when the amount owing is astronomical and there is little likelihood of getting it back, it also begs the question whether Bodycraft has been trading whilst probably insolvent. 1 Quote Link to comment Share on other sites More sharing options...
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