Mostyns goes into administration (From Bournemouth Echo)

After a news "blackout "the administrators told the managment "It could be curtains for them if they did not pull themselves together" And "were they blind on not seeing this one coming".(;o).

burgerboy wrote:
After a news "blackout "the administrators told the managment "It could be curtains for them if they did not pull themselves together" And "were they blind on not seeing this one coming".(;o).

hehehe.

made me snigger.

Let's hope the 59 staff who will be on the dole find the first comment funny. Burgerboy.

Apart from a very dull range of products, the service was very poor. I asked for a 'measure up' twice and neither time did anyone turn up or photo to apologise. I went elsewhere!

dobrojoe wrote:
Apart from a very dull range of products, the service was very poor. I asked for a 'measure up' twice and neither time did anyone turn up or photo to apologise. I went elsewhere!

Why would you want a picture?

WCDI Ltd. Who they? Surely not the Bournemouth based company that was only formed last month.

As one who has been completely ignored when applying for a very basic job in this place, can I now say to the management and propritors only,
Nahh-naa-na-naah -na?

robsmith123 wrote:

burgerboy wrote:
After a news "blackout "the administrators told the managment "It could be curtains for them if they did not pull themselves together" And "were they blind on not seeing this one coming".(;o).

hehehe.

made me snigger.

Hahaha - like it!

A quick on-line check shows that a Steven Lane has been a director of Mostyns since 2004.

Surely not the same Steven Lane of WCDI that has just bought the company.

Why is that some people appear to owe a rather a lot of money and then walk away from the business. While retaining their own personal wealth, possibly taken from the company when perhaps that money should have been used to pay its creditors.

Then believe it or not they bounce back. Apparently still owning the old company but now legally reconstituted with a new name. And suddenly all those beastly debts have disappeared.

But I'm sure that is not what would have happened in the case.

West Howe Sean wrote:
A quick on-line check shows that a Steven Lane has been a director of Mostyns since 2004.

Surely not the same Steven Lane of WCDI that has just bought the company.

Why is that some people appear to owe a rather a lot of money and then walk away from the business. While retaining their own personal wealth, possibly taken from the company when perhaps that money should have been used to pay its creditors.

Then believe it or not they bounce back. Apparently still owning the old company but now legally reconstituted with a new name. And suddenly all those beastly debts have disappeared.

But I'm sure that is not what would have happened in the case.

No, surely not.

Old Colonial wrote:

West Howe Sean wrote:
A quick on-line check shows that a Steven Lane has been a director of Mostyns since 2004.

Surely not the same Steven Lane of WCDI that has just bought the company.

Why is that some people appear to owe a rather a lot of money and then walk away from the business. While retaining their own personal wealth, possibly taken from the company when perhaps that money should have been used to pay its creditors.

Then believe it or not they bounce back. Apparently still owning the old company but now legally reconstituted with a new name. And suddenly all those beastly debts have disappeared.

But I'm sure that is not what would have happened in the case.

No, surely not.

You weren't expecting the Echo to do any 'investigative journalism' were you?

Old Colonial wrote:

West Howe Sean wrote:
A quick on-line check shows that a Steven Lane has been a director of Mostyns since 2004.

Surely not the same Steven Lane of WCDI that has just bought the company.

Why is that some people appear to owe a rather a lot of money and then walk away from the business. While retaining their own personal wealth, possibly taken from the company when perhaps that money should have been used to pay its creditors.

Then believe it or not they bounce back. Apparently still owning the old company but now legally reconstituted with a new name. And suddenly all those beastly debts have disappeared.

But I'm sure that is not what would have happened in the case.

No, surely not.

So what? It's called business. Something you seem to know nothing about. It's business law and its that way so that jobs can be preserved when a company goes bust or is about to. Learn about it then you'll know what you're talking about. People put a lot into a business which is a lot more than can be said for people who just go to work every day and don't have to put up with all the stress running a business entails. Why shouldn't they take money. What do you expect them to do - give it to charity>?

I used to be the assistant accountant there, I'm sure it was Steven Lane who took over as head accountant just before I left in Jan 03.

Hmm, it appears so WDCI Ltd of Bournemouth a new company incorporated on 6/8/2012 changes its name to Mostyns Curtains Ltd on 11/9/2012. So a brand new company with no trading history could raise enough money to buy Mostyns from the administrators. Somebody thinks that there is a profit to be made out of the 7 million a year turnover then once all the debts and costs of dealing with historical problems have been ditched!

Yes in "business law" it may be legal but is it moral, ask that question to anybody that has had an outstanding debt with a company that has risen from the ashes and continued to trade whilst they have lost their money or had a nominal payment from the administrators.

TheBogeyMan wrote:

Old Colonial wrote:

West Howe Sean wrote:
A quick on-line check shows that a Steven Lane has been a director of Mostyns since 2004.

Surely not the same Steven Lane of WCDI that has just bought the company.

Why is that some people appear to owe a rather a lot of money and then walk away from the business. While retaining their own personal wealth, possibly taken from the company when perhaps that money should have been used to pay its creditors.

Then believe it or not they bounce back. Apparently still owning the old company but now legally reconstituted with a new name. And suddenly all those beastly debts have disappeared.

But I'm sure that is not what would have happened in the case.

No, surely not.

So what? It's called business. Something you seem to know nothing about. It's business law and its that way so that jobs can be preserved when a company goes bust or is about to. Learn about it then you'll know what you're talking about. People put a lot into a business which is a lot more than can be said for people who just go to work every day and don't have to put up with all the stress running a business entails. Why shouldn't they take money. What do you expect them to do - give it to charity>?

It might be business, but it's not good business. People also take a lot out of their business, which is fine - unless it's at a time when they also owe thousands to creditors. How's about a thought for the latter?

TheBogeyMan wrote:

Old Colonial wrote:

West Howe Sean wrote:
A quick on-line check shows that a Steven Lane has been a director of Mostyns since 2004.

Surely not the same Steven Lane of WCDI that has just bought the company.

Why is that some people appear to owe a rather a lot of money and then walk away from the business. While retaining their own personal wealth, possibly taken from the company when perhaps that money should have been used to pay its creditors.

Then believe it or not they bounce back. Apparently still owning the old company but now legally reconstituted with a new name. And suddenly all those beastly debts have disappeared.

But I'm sure that is not what would have happened in the case.

No, surely not.

So what? It's called business. Something you seem to know nothing about. It's business law and its that way so that jobs can be preserved when a company goes bust or is about to. Learn about it then you'll know what you're talking about. People put a lot into a business which is a lot more than can be said for people who just go to work every day and don't have to put up with all the stress running a business entails. Why shouldn't they take money. What do you expect them to do - give it to charity>?

It's the workers that keeps a business ticking over, not capital investment.

As a true blue capitalist, (I'm all right jack, put up the ladder) I'm sure you are most concerned about the unpaid bills the creditors were left with by Mostyns.

Couchy125 wrote:

dobrojoe wrote:
Apart from a very dull range of products, the service was very poor. I asked for a 'measure up' twice and neither time did anyone turn up or photo to apologise. I went elsewhere!

Why would you want a picture?

Think they meant to type 'phone

TheBogeyMan wrote:

Old Colonial wrote:

West Howe Sean wrote:
A quick on-line check shows that a Steven Lane has been a director of Mostyns since 2004.

Surely not the same Steven Lane of WCDI that has just bought the company.

Why is that some people appear to owe a rather a lot of money and then walk away from the business. While retaining their own personal wealth, possibly taken from the company when perhaps that money should have been used to pay its creditors.

Then believe it or not they bounce back. Apparently still owning the old company but now legally reconstituted with a new name. And suddenly all those beastly debts have disappeared.

But I'm sure that is not what would have happened in the case.

No, surely not.

So what? It's called business. Something you seem to know nothing about. It's business law and its that way so that jobs can be preserved when a company goes bust or is about to. Learn about it then you'll know what you're talking about. People put a lot into a business which is a lot more than can be said for people who just go to work every day and don't have to put up with all the stress running a business entails. Why shouldn't they take money. What do you expect them to do - give it to charity>?

Nice one Steve!

West Howe Sean wrote:
A quick on-line check shows that a Steven Lane has been a director of Mostyns since 2004.

Surely not the same Steven Lane of WCDI that has just bought the company.

Why is that some people appear to owe a rather a lot of money and then walk away from the business. While retaining their own personal wealth, possibly taken from the company when perhaps that money should have been used to pay its creditors.

Then believe it or not they bounce back. Apparently still owning the old company but now legally reconstituted with a new name. And suddenly all those beastly debts have disappeared.

But I'm sure that is not what would have happened in the case.

Sean is not alone in his thoughts,why when a company goes bust,is a director allowed to carry on in a different name,creditors mainly do not get paid off,but he can still draw a salary,i personally know someone who went down 6 times(no not mitchell) he now has a lot of property and money in the bank,and of course is a mason.