And here is what they told me, make of it what you will ....
They believe that Prosperity4 is a viable business which is and will continue to trade. The administrators have analysed the books and can see no reason why they should not successfully come out of administration and continue to trade.
I specifically asked whether the administration was voluntary or whether a creditor had taken them into administration. They told me that a creditor had demanded immediate payment of a large sum which was not available at short notice and as a result administration was the most sensible option.
They were adamant that there was money in the company and that all salaries and holiday payments would be met. There were no problems in finidng the funds for the July pay run and there was no reason to believe that August would be any different.
She advised that contractors leaving could undermine the viability of the company and that by going elsewhere we would be decreasing the chances of successfully exiting administration.
It was much more positive than when I spoke to Futuro's administrators earlier in the year, the response than was "there is no money, they owe the bank a fortune, we can't commit to paying you anything". So on that note it's better but it's all relative isn't it?
Windy
They believe that Prosperity4 is a viable business which is and will continue to trade. The administrators have analysed the books and can see no reason why they should not successfully come out of administration and continue to trade.
I specifically asked whether the administration was voluntary or whether a creditor had taken them into administration. They told me that a creditor had demanded immediate payment of a large sum which was not available at short notice and as a result administration was the most sensible option.
They were adamant that there was money in the company and that all salaries and holiday payments would be met. There were no problems in finidng the funds for the July pay run and there was no reason to believe that August would be any different.
She advised that contractors leaving could undermine the viability of the company and that by going elsewhere we would be decreasing the chances of successfully exiting administration.
It was much more positive than when I spoke to Futuro's administrators earlier in the year, the response than was "there is no money, they owe the bank a fortune, we can't commit to paying you anything". So on that note it's better but it's all relative isn't it?
Windy
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