Braisby Roofing to be liquidated

[Piracy]

24 minutes ago, rosythpar said:

They have moved the staff over to Kwikco,its the sub contractors and companies who have supplied them materials that will be struggling now. 

Not all their staff: "The directors wish to concentrate on Kwikco and are aiming to re-employ some affected employees within the business" 

[kelty_par]

Shafting creditors and getting to carry on with the other company. Quite a poor show tbh 

[DA-go Par Adonis]

Apparently it's a voluntary liquidation - so we should probably hang fire before proclaiming that creditors are getting 'shafted' or anyone's not getting paid.

Lots of people wind up their companies because their focus or circumstances have changed and not necessarily because they're running from paying debts.

Let's see how it pans put before casting judgement.

Edited June 2, 2022 by DA-go Par Adonis

[kelty_par]

1 hour ago, DA-go Par Adonis said:

Apparently it's a voluntary liquidation - so we should probably hang fire before proclaiming that creditors are getting 'shafted' or anyone's not getting paid.

Lots of people wind up their companies because their focus or circumstances have changed and not necessarily because they're running from paying debts.

Let's see how it pans put before casting judgement.

Doesn’t look good when looking at last account records, nearly 1.2 million due out 

[DA-go Par Adonis]

I'd just wait for the facts to come to light before making judgement. 

We can then all enjoy a good Braisby bashing if it's clear that he/they have done something unethical or morally questionable. 

[kelty_par]

Yes that’s true I suppose, just not looking great atm from what it looks like. As @rosythpar was saying earlier, does it give the club a bad look having someone on the board that’s just had a company go bust and potentially have screwed over other local businesses?

Edited June 2, 2022 by kelty_par

[rosythpar]

6 hours ago, DA-go Par Adonis said:

I'd just wait for the facts to come to light before making judgement. 

We can then all enjoy a good Braisby bashing if it's clear that he/they have done something unethical or morally questionable. 

Just have to speak to sub contractors,read reviews and read comments left on the press website. 

[Piracy]

1 hour ago, rosythpar said:

Just have to speak to sub contractors,read reviews and read comments left on the press website. 

Aldo a few comments thanking the company for giving local people their apprenticeships and therefore a means to a living. Not all bad news. 

[DA-go Par Adonis]

13 hours ago, kelty_par said:

Doesn’t look good when looking at last account records, nearly 1.2 million due out 

I've just looked at their last accounts (to year end Feb 2021, which is why making judgements based on published accounts is tricky as they are so out of date). 

Anyway, they do show a figure of £1.2m in creditors, but only £382k is due to trade creditors.  The majority is attributable to bank loans/overdrafts and tax.  The accounts also show £1.44m due in from debtors - £1.42m of which is listed as trade debtors. 

The have very little cash, however.  

[rosythpar]

6 hours ago, Piracy said:

Aldo a few comments thanking the company for giving local people their apprenticeships and therefore a means to a living. Not all bad news. 

That was when the grandfather was in charge.

[Rengade Master]

The biggest concern is the charges against the company from Aldermore Bank.

These have been renewed each year. For the last 7 years. However never called in.

https://find-and-update.company-information.service.gov.uk/company/SC059217/charges/hJjZ4Ben_hg1lmmJGPZopCDOv8Q

Read the PDF files attached to the charges.