RE: Connected companies23 Apr 2026 21:17
I stand by what I said on 24 February.
"It would be CATASTROPHIC because the Group's bankers, auditors, insurers, suppliers, employees, landlord, leasing company, other creditors, customers start to look over their shoulder to see if the next domino is going to fall on them.
Also the Official Receiver will look into how the business was conducted and whether there was any shenanigans that could lead to the lifting of the corporate veil and give rise to personal liability for the officers. It will be an enormous distraction.
Insolvent High Court mandated liquidations are game over for the whole group."