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Companies going bankrupt/into administration
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raspberry-blower



Joined: 14 Mar 2009
Posts: 1651

PostPosted: Sat Aug 04, 2018 8:09 pm    Post subject: Reply with quote

Comedy time:

Wonga runs out of Wonga

Quote:
Sky News ‎can exclusively reveal that Wonga, which was among the pioneers of the UK's online payday lending sector, has been rescued in the last few weeks after its chief executive warned shareholders that it was in danger of becoming insolvent.

The fundraising is understood to have taken place at a valuation of just $30m (£23m) prior to the injection of the new money - a stunning decline for a financial technology group which once had ambitions of a New York listing that could have valued it at well over $1bn (£769m).


The size of the fall

Quote:
Its board, led by chairman Andy Haste, a former boss of RSA Insurance, has previously expressed confidence that it can re-establish itself as a sustainable business in the UK.


The size of delusion.

No, it is not a sustainable business. It is a financial parasite
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raspberry-blower



Joined: 14 Mar 2009
Posts: 1651

PostPosted: Mon Aug 06, 2018 10:51 am    Post subject: Reply with quote

Another one teetering on the brink: Countrywide Estate Agents

10,000 people may have to retrain to be slightly more useful to society Twisted Evil
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BritDownUnder



Joined: 21 Sep 2011
Posts: 432
Location: Hunter Valley, NSW, Australia

PostPosted: Mon Aug 06, 2018 10:56 am    Post subject: Reply with quote

raspberry-blower wrote:
Another one teetering on the brink: Countrywide Estate Agents

10,000 people may have to retrain to be slightly more useful to society Twisted Evil


I am sure there was a scene in the The Hitchhikers Guide to the Galaxy (or one of the sequels) where three spacecraft evacuated the people a planet about to be destroyed and one of them took all the lawyers, car dealers, politicians and estate agents etc to a separate planet of their own and they were waiting for the other two craft with all the useful people to arrive.

There are other groups of people more deserving of sympathy.
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raspberry-blower



Joined: 14 Mar 2009
Posts: 1651

PostPosted: Tue Aug 07, 2018 9:38 am    Post subject: Reply with quote

BritDownUnder wrote:
raspberry-blower wrote:
Another one teetering on the brink: Countrywide Estate Agents

10,000 people may have to retrain to be slightly more useful to society Twisted Evil


I am sure there was a scene in the The Hitchhikers Guide to the Galaxy (or one of the sequels) where three spacecraft evacuated the people a planet about to be destroyed and one of them took all the lawyers, car dealers, politicians and estate agents etc to a separate planet of their own and they were waiting for the other two craft with all the useful people to arrive.

There are other groups of people more deserving of sympathy.


Golgafrincham
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Mr. Fox



Joined: 24 Nov 2005
Posts: 657
Location: In the Dark - looking for my socks

PostPosted: Tue Aug 07, 2018 10:19 pm    Post subject: Reply with quote

raspberry-blower wrote:
Another one teetering on the brink: Countrywide Estate Agents

10,000 people may have to retrain to be slightly more useful to society Twisted Evil


I'm not really surprised - only last week these clowns kept me waiting around on a desert of a housing estate for an hour, as their 'system' that managed to text me a confirmation for a viewing simultaneously didn't 'book' it. Wankers.

I'd expect that the market for cheap polyester suits will dry up overnight... so keep an eye on Burtons share price and Lynx body spray, for that matter - simple possession of these two items appear to be all that is needed to 'qualify' as an 'estate agent'.

A pox on all intermediators.
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adam2
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Joined: 02 Jul 2007
Posts: 6813
Location: North Somerset

PostPosted: Fri Aug 10, 2018 7:50 am    Post subject: Reply with quote

House of Fraser have now called in administrators.
https://www.bbc.co.uk/news/business-45140874

Edited to add, that the administrators have now sold the house of Fraser group to Sports Direct.
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BritDownUnder



Joined: 21 Sep 2011
Posts: 432
Location: Hunter Valley, NSW, Australia

PostPosted: Fri Aug 10, 2018 9:21 pm    Post subject: Reply with quote

adam2 wrote:
House of Fraser have now called in administrators.
https://www.bbc.co.uk/news/business-45140874

Edited to add, that the administrators have now sold the house of Fraser group to Sports Direct.


According to the UK Sky News (that is broadcast in Australia before 4-30am local time when it switches to the even lower quality local version) the new owner has said it will become the "Harrods of the High Street".

I can't wait to visit! Does it come with pickpockets around all the entrances as well?
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emordnilap



Joined: 05 Sep 2007
Posts: 14291
Location: Houǝsʇlʎ' ᴉʇ,s ɹǝɐllʎ uoʇ ʍoɹʇɥ ʇɥǝ ǝɟɟoɹʇ' pou,ʇ ǝʌǝu qoʇɥǝɹ˙

PostPosted: Tue Aug 14, 2018 11:59 am    Post subject: Reply with quote

Homebase shrinking.
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raspberry-blower



Joined: 14 Mar 2009
Posts: 1651

PostPosted: Mon Aug 27, 2018 9:45 am    Post subject: Reply with quote

raspberry-blower wrote:
Comedy time:

Wonga runs out of Wonga

Quote:
Sky News ‎can exclusively reveal that Wonga, which was among the pioneers of the UK's online payday lending sector, has been rescued in the last few weeks after its chief executive warned shareholders that it was in danger of becoming insolvent.

The fundraising is understood to have taken place at a valuation of just $30m (£23m) prior to the injection of the new money - a stunning decline for a financial technology group which once had ambitions of a New York listing that could have valued it at well over $1bn (£769m).


The size of the fall

Quote:
Its board, led by chairman Andy Haste, a former boss of RSA Insurance, has previously expressed confidence that it can re-establish itself as a sustainable business in the UK.


The size of delusion.

No, it is not a sustainable business. It is a financial parasite


Going bust, going bust, going bust...

Guardian Wonga teetering on the edge of collapse

Another former shirt sponsors of Newcastle United FC about to go under (the other being Northern Rock)

Good riddance
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BritDownUnder



Joined: 21 Sep 2011
Posts: 432
Location: Hunter Valley, NSW, Australia

PostPosted: Mon Aug 27, 2018 10:44 pm    Post subject: Reply with quote

raspberry-blower wrote:

Another former shirt sponsors of Newcastle United FC about to go under (the other being Northern Rock)

They sure know how to pick 'em.

You stole my headline about Wonga running out of Wonga.

There have been several times I nearly ran out of wonga but I never resorted to borrowing from these companies. There are a lot of adverts in Australia for companies such as these.
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Potemkin Villager



Joined: 14 Mar 2006
Posts: 1041
Location: Narnia

PostPosted: Thu Aug 30, 2018 5:21 pm    Post subject: Reply with quote

BritDownUnder wrote:


You stole my headline about Wonga running out of Wonga.



Going going GONE.

What a bunch of low life predatory shysters.
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adam2
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Joined: 02 Jul 2007
Posts: 6813
Location: North Somerset

PostPosted: Thu Oct 11, 2018 4:11 pm    Post subject: Reply with quote

Latest
https://www.bbc.co.uk/news/business-45824285

Patisserie Valerie, said to be due to accounting irregularities.
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Little John



Joined: 08 Mar 2008
Posts: 6199
Location: UK

PostPosted: Thu Oct 11, 2018 7:16 pm    Post subject: Reply with quote

WH Smith in trouble

https://www.bbc.co.uk/news/topics/ce8jr869nwkt/whsmith

There another slide down the shitter in the world economy coming right up

I can feel it in my water
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fuzzy



Joined: 29 Nov 2013
Posts: 791
Location: The Marches, UK

PostPosted: Thu Oct 11, 2018 8:17 pm    Post subject: Reply with quote

Smiths have been another vulture capital scam for years. It's not what it was 20 years ago.
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adam2
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Joined: 02 Jul 2007
Posts: 6813
Location: North Somerset

PostPosted: Thu Oct 11, 2018 9:01 pm    Post subject: Reply with quote

And now also "coast" a fashion retailer.

https://www.bbc.co.uk/news/business-45830031
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