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On ( D )
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On liquidation/admin all assets are sold to other parties in order to pay creditors
that includes intangibles like goodwill/brands, etc.
BTW - here goes that revived Thomas Cook brand:
https://www.bbc.co.uk/news/business-56893247
" Summer holiday demand shifts to autumn amid travel uncertainty "
<< ... ... >>
..Thomas Cook said autumn bookings were up 50% on normal levels, while luxury tour operator Kuoni said customers were "holding out for October half term"...
... Greek islands such as Mkyanos are proving popular, says Thomas Cook ...
... This has prompted a surge in autumn holiday bookings, with breaks in September and October accounting for 30% of Thomas Cook's live bookings for the year. That is up 50% on what the group normally sees in these months. ...
... According to Thomas Cook, Greece is the most popular destination for autumn breaks, with Rhodes the most in-demand island followed by Crete, Santorini and Mykonos. ...
.. Travellers swapping summer holidays for autumn ones .. Autumn bookings surge at Thomas Cook and Kuoni as travellers defer summer breaks amid travel uncertainty...
..
and so on.
but it you google Thomas Cook for news within last month - it will keep popping up over a whole range of popular yellow page media channels (Sky/Telegraph/DailyMail, and bung of smaller ones)
You'll likely be waiting for ever for TCG to appear on the HMRC negligible value list. If you search through it, you'll see that they've only made a single addition for each of the last 2 years.
My understanding is that you can make a negligible value claim, as soon as you have a reasonable expectation that an asset has negligible value.
That's what I am planning to do with my TCG loss, if I need to use it to reduce my gains at any time before the company is finally dissolved.
Be great to get an answer to this in time for tax year end - got some big losses I seemingly can’t use.
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Hello, does anyone have a view on when Thomas Cook will appear on the HMRC negligible claims register? At least reducing my capital gains tax will reduce some of my losses. Does anyone out there think there is sufficient evidence to make a claim without it being on the register or has anyone attempted to make a claim already?
i think it is all a con especially when another group is now starting to sell holidays under the Thomas cook brand
Philip, agree with you, never trust those Chinese, especially when they are puppeteering a slimey Swiss CEO!! Like you and 1000’s of others I lost hugely ??
After all the money I lost on TCG, do we really give a ship.
Thomas Cook to be revived as online travel firm:
BBC
http://www.bbc.co.uk/news/business-54070587
hi
Fankhauser stitch up, hope he gets whats coming to him
...
Whatever Fosun or anyone are paying is nothing to do with us the small shares holders
Fosun will buy the name. See you next Tuesday folks
All Gone....
What will happen to the shares now?
Today there was also a story in the local mallorca papers, that an Amercian company is also interested in recruiting staff world wide.
https://www.majorcadailybulletin.com/news/local/2019/10/09/58599/american-interest-recruiting-thomas-cook-employees.html
There are still a lot of stories being released here daily and the amount of companies and people affected is still being counted.
No doubt this is the same in every other destintation.
Signed and sent :)
I agree totally with your comments, please update on the response you have. It's clear corruption and with the impact on all the staff that were doing an amazing job despite this corrupt board
I feel the bod needs to be brought to account and punished for destroying loyal TC staff careers, hoteliers, airport support staff , investors and pretty much anyone else affected. The bod dont care they are isolated from any financial due to years of excessive salaries/bonuses etc.. As usual a handful of corrupt and incompetent overpaid wasters ruin the lives of thousands. I am sure members of this bod will end rewarded for their failure with senior positions in other blue chip companies to repeat again disgusting ... .
Paul, I’m seeing my local MP next week. There seems to be manipulation of the company’s income to develop an asset that would be safe after a collapse. The BOD will say they took this strategy on advise. It’s smells of corruption and the so called advisors will be taking huge fees paid on a weekly basis. PF will never be able to walk the streets of the U.K. and the Balearics again.
Isn't it interesting that all Cooks Club and Casa Cook hotels that have been developed or built recently are still operating as a seperate entity to Thomas Cook hence still trading and taking bookings. So huge amounts of Thomas cook group revenue spent on developing hotels that are not part of the group.... with the significant debt issue and significant expenditure for these investments leaving the group with no tangible assets in the end seems like clear corruption. Utilising Thomas cook group revenues to develop hotels that continue after its collapse. And dont get me started on the other tcg airlines still operating. This is a shambles. Wonder what the bod got out of this seems pre planned to me...
Me2
I Signed yesterdsy and shared.
K