[Bell Historians] Taylors, Eayre and Smith

[John H Allen]

We need to understand that Taylors has gone into Administration, not
Liquidation.

 

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.

 

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.

 

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.

 

John

 

 

  _____  

From: bellhistorians at yahoogroups.com [mailto:bellhistorians at yahoogroups.com]
On Behalf Of Mike
Sent: Friday 18 September 2009 21:19
To: bellhistorians at yahoogroups.com
Subject: [Bell Historians] Taylors, Eayre and Smith

 

  

For those that have not already heard, Taylors went into administration
today. Our thoughts and prayers must go to those that stand to lose their
livelihood because of this.

Mike Chester



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