Re: Companies going into administration
 

The post in question was posted over 3 years ago lol

Re: Companies going into administration
 

lol i just joined lol

Re: Companies going into administration
 

It's always a good idea to check thread post dates before replying to them :) Welcome anyway.

Re: Companies going into administration
 

Still makes interesting reading though - thanks for posting the link :)

Re: Companies going into administration
 

not looking good for premier foods 1bn in debt due to bank loan:shocked:

http://www.bbc.co.uk/news/business-17345450

They say its good for businesses get loans expand personally it strangles them to long term debt high risks only takes recession banks start getting itchy.

Bank given them more time you can only imagine that jobs will go likely firesale to raise the funds.

Wonder how many other companies in debt to there eyeballs.

Re: Companies going into administration
 

caused by greed it seems, debt accrued by buying companies.

Re: Companies going into administration
 

http://en.wikipedia.org/wiki/Premier_Foods

anybody know sth lincolnshire factory near long sutton bridge factory premier foods bought this 1981 this makes alot of stuff in that list.

Just pick up oxo , bisto, birds custard pot noodles, cup a soups it says long sutton.

If this company went down food production many favourites would be big issue.

Which shows how lapse the people running the company was.

Re: Companies going into administration
 

The question is now how many businesses are actually financially sound and secure because as every day goes by we seem to hear of yet another business going belly up.:(