Cubit Posted October 14, 2013 Posted October 14, 2013 But paying preferential creditors would be illegal? So was clocking up a bill at the Crowne Plaza during Ifsec knowing they couldn't pay it. £12k if you're wondering.
matthew.brough Posted October 14, 2013 Posted October 14, 2013 Ouch! Isn't that called fraud? I don't know the history behind the insolvency but from the outside it doesn't seem that the management intervened to prevent losses to their creditors at all. It seems like they raped as much as they could knowing they were going bump. www.securitywarehouse.co.uk/catalog/
Cubit Posted October 14, 2013 Posted October 14, 2013 Ouch! Isn't that called fraud? I don't know the history behind the insolvency but from the outside it doesn't seem that the management intervened to prevent losses to their creditors at all. It seems like they raped as much as they could knowing they were going bump. Yep and Yep. And don't forget that most of the kit in their shed was consignment stock - not theirs. So they knowingly kept replenishing stock fully aware they didn't have a pot to piss in to pay for said stock.
datadiffusion Posted October 15, 2013 Posted October 15, 2013 I think it says a lot about the state/size of the distribution market that any supplier was happy to deal with them again. So, I've decided to take my work back underground.... to stop it falling into the wrong hands
Cubit Posted October 15, 2013 Posted October 15, 2013 I think it says a lot about the state/size of the distribution market that any supplier was happy to deal with them again.It wasn't so straightforward.A condition of getting back a bigger sum of money owed was the agreement to continue supplying. Do you prefer to get 90% of the money owed or sit on principle and tell them to get stuffed? And in many cases we are talking serious money here, 7 figures sums in a couple of cases.
datadiffusion Posted October 15, 2013 Posted October 15, 2013 Someone did though didn't they? I remember reading about voided extended warranty on on one brand 'if bought from Norbain'. Think it was CCTV. So, I've decided to take my work back underground.... to stop it falling into the wrong hands
Cubit Posted October 15, 2013 Posted October 15, 2013 Someone did though didn't they? I remember reading about voided extended warranty on on one brand 'if bought from Norbain'. Think it was CCTV. That was Dedicated Micros.In essence, nobrains thought it entirely reasonable manufactures should provide warranty on kit that could be described as stolen, at the very least, not paid for.
datadiffusion Posted October 15, 2013 Posted October 15, 2013 Well I'm pleased to have stopped using them. (Nobrains). Except for Axis cams. So, I've decided to take my work back underground.... to stop it falling into the wrong hands
matthew.brough Posted October 15, 2013 Posted October 15, 2013 That is a bit much. Seems practically all of their suppliers agreed to it though. If I was Nobrains if be laughing all the way to the bank, literally. www.securitywarehouse.co.uk/catalog/
Cubit Posted October 15, 2013 Posted October 15, 2013 That is a bit much. Seems practically all of their suppliers agreed to it though. If I was Nobrains if be laughing all the way to the bank, literally. Relationships changed from that point on though Matt.
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