Search found 7 matches
Search found 7 matches
Page 1 of 1
- by DoctorInternet
- Sun Jan 10, 2010 3:37 pm
- Forum: Ask IVA Forum and Industry experts
- Topic: Relax Group/Synergi goes into Administration
- Replies: 57
- Views: 19274
Melanie, I'm confused about why David Mond would buy a very large debt off a completely bust and potentially liquidated company though but, as you've said, I'll try to contact the administrator, in the meantime I'll try to sort my own debt out: "Mr Mond last Friday bought up debt in Relax Group from...
- by DoctorInternet
- Sun Jan 10, 2010 3:15 pm
- Forum: Ask IVA Forum and Industry experts
- Topic: Relax Group/Synergi goes into Administration
- Replies: 57
- Views: 19274
I can see your point Melanie, but as I've said, I'm not confused with the chronology, ClearDebt did buy the debt of Relax Group from Barclays for about 4.7m; from the Telegraph: "David Mond, the chief executive of debt relief company Cleardebt, has put a struggling rival group into administration th...
- by DoctorInternet
- Sun Jan 10, 2010 11:45 am
- Forum: Ask IVA Forum and Industry experts
- Topic: Relax Group/Synergi goes into Administration
- Replies: 57
- Views: 19274
What I don't understand is why ClearDebt bought the debt off Relax Group if the company was already 'doomed', why didn't they just buy off their assets? Should the shareholders have been informed? (I'm not actually a shareholder, I just opened a spread bet in Relax.) Also, as ClearDebt bought the de...
- by DoctorInternet
- Fri Jan 08, 2010 9:46 pm
- Forum: Ask IVA Forum and Industry experts
- Topic: Relax Group/Synergi goes into Administration
- Replies: 57
- Views: 19274
With respect to Andy Davie above, I have to say that to buy a debt off a company only to push it into administration afterwards is a rather cruel way to treat a company and its employees in a country which is starting to come out of recession. It seems greedy, selfish and unfair on the company and t...
- by DoctorInternet
- Fri Jan 08, 2010 8:39 pm
- Forum: Ask IVA Forum and Industry experts
- Topic: Relax Group/Synergi goes into Administration
- Replies: 57
- Views: 19274
Do you know what happened to the MBO that Carl was trying to put together, do you think that it must have fallen through? When liquidation prevails do you think there will be anything at all left for the shareholders? I've already written off the spread bet I had with Relax Group and moved on, but s...
Search found 7 matches
Page 1 of 1