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<p class=MsoNormal><font size=3 color=black face=Arial><span style='font-size:
12.0pt;font-family:Arial;color:black'>We need to understand that <st1:City
w:st="on"><st1:place w:st="on">Taylors</st1:place></st1:City> has gone into
Administration, not Liquidation.<o:p></o:p></span></font></p>

<p class=MsoNormal><font size=3 color=black face=Arial><span style='font-size:
12.0pt;font-family:Arial;color:black'><o:p> </o:p></span></font></p>

<p class=MsoNormal><font size=3 color=black face=Arial><span style='font-size:
12.0pt;font-family:Arial;color:black'>Administration is often used when a
Company does not have enough money to pay its immediate debts. Creditors may be
pressing for payment of materials etc. where the jobs to which those materials
relate, have not been completed and therefore have not been paid/invoiced.
Administration takes the pressure off the Company and forces creditors to wait
in an orderly queue.<o:p></o:p></span></font></p>

<p class=MsoNormal><font size=3 color=black face=Arial><span style='font-size:
12.0pt;font-family:Arial;color:black'><o:p> </o:p></span></font></p>

<p class=MsoNormal><font size=3 color=black face=Arial><span style='font-size:
12.0pt;font-family:Arial;color:black'>A Company in Administration continues in
business with the Company run by Accountants appointed by the Court. It is not
unknown for Companies to be taken out of Administration once a particular financial
difficulty has passed.<o:p></o:p></span></font></p>

<p class=MsoNormal><font size=3 color=black face=Arial><span style='font-size:
12.0pt;font-family:Arial;color:black'><o:p> </o:p></span></font></p>

<p class=MsoNormal><font size=3 color=black face=Arial><span style='font-size:
12.0pt;font-family:Arial;color:black'>In an extreme case the Administrators
will try to sell a Company as a going concern, since this often produces a
better price than liquidating the Company and selling its assets piecemeal.<o:p></o:p></span></font></p>

<p class=MsoNormal><font size=3 color=black face=Arial><span style='font-size:
12.0pt;font-family:Arial;color:black'><o:p> </o:p></span></font></p>

<p class=MsoNormal><font size=3 color=black face=Arial><span style='font-size:
12.0pt;font-family:Arial;color:black'>John<o:p></o:p></span></font></p>

<p class=MsoNormal><font size=3 color=black face=Arial><span style='font-size:
12.0pt;font-family:Arial;color:black'><o:p> </o:p></span></font></p>

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style='font-size:12.0pt;color:black'> </span></font><o:p></o:p></p>

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face="Times New Roman"><span lang=EN-US style='font-size:12.0pt'>

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<p class=MsoNormal><b><font size=2 face=Tahoma><span lang=EN-US
style='font-size:10.0pt;font-family:Tahoma;font-weight:bold'>From:</span></font></b><font
size=2 face=Tahoma><span lang=EN-US style='font-size:10.0pt;font-family:Tahoma'>
<st1:PersonName w:st="on">bellhistorians@yahoogroups.com</st1:PersonName> [mailto:<st1:PersonName
w:st="on">bellhistorians@yahoogroups.com</st1:PersonName>] <b><span
style='font-weight:bold'>On Behalf Of </span></b>Mike<br>
<b><span style='font-weight:bold'>Sent:</span></b> Friday 18 September 2009
21:19<br>
<b><span style='font-weight:bold'>To:</span></b> <st1:PersonName w:st="on">bellhistorians@yahoogroups.com</st1:PersonName><br>
<b><span style='font-weight:bold'>Subject:</span></b> [<st1:City w:st="on"><st1:place
 w:st="on">Bell</st1:place></st1:City> Historians] Taylors, Eayre and Smith</span></font><span
lang=EN-US><o:p></o:p></span></p>

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<p class=MsoNormal><font size=3 face="Times New Roman"><span style='font-size:
12.0pt'><o:p> </o:p></span></font></p>

<p class=MsoNormal><font size=3 face="Times New Roman"><span style='font-size:
12.0pt'>  <o:p></o:p></span></font></p>



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<p style='margin-bottom:12.0pt'><font size=3 face="Times New Roman"><span
style='font-size:12.0pt'>For those that have not already heard, <st1:City
w:st="on"><st1:place w:st="on">Taylors</st1:place></st1:City> went into
administration today. Our thoughts and prayers must go to those that stand to
lose their livelihood because of this.<br>
<br>
Mike Chester<o:p></o:p></span></font></p>

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