[Bell Historians] TES archives and historic items

[Bickerton, Roderic (SELEX GALILEO, UK)]

 Surly fore something to be "a valuable property and assets of a
company", it must either be capable of generating or helping to generate
enough cash flow to cover its accommodation, or be capable of being sold
to raise capital.
As the cash flow option is not realistic, what is likely, and what would
become of unsalable items?


My limited understanding:
Administrators must realise the maximum value from a business, so
anything not generating +ve cash flow is doomed. The only real
difference (from receivership) is they can sell, re organise, or
otherwise change parts or the whole business, PROVIDED that produces
more for the creditors than liquidation.


 

"Of course it would be a tragedy if historic archive material and
artefacts were "lost".  However these items are for the most part the
valuable property and assets of a company that is in administration, not
receivership.  It seems a little premature to assume the worst.

RAL" 



  

At 10:31 22/09/2009, Rod wrote:



	What ever the outcome, it is unlikely that any future business
would be able to take on maintaining the archives and historical items.
	 
	If this is not to be dispersed, either a ringers organisation or
a heritage organisation would need to take it on.
	It may be early for thinking about this, but if a proposal were
in place, it would reduce the chance of serious loss, and may help to
make revival of the business more likely.
	 
	Maintaining a valuable part of our heritage is very important,
but a considerable encumbrance to a business.
	In particular TES have made records available FOC, something not
done by the other place, and for which we should be very grateful.
	 
	This is a facility which is in considerable danger of being
lost, something we would all sincerely miss.
	What can be done to help?

_
SELEX Sensors and Airborne Systems Limited
Registered Office: Sigma House, Christopher Martin Road, Basildon, Essex SS14 3EL
A company registered in England & Wales.  Company no. 02426132
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