Quote:
Originally Posted by gigglemal
Apart from the employees who lost their jobs, and all the suppliers/creditors who have been caught up in this, it's that this Connect Point 'phoenix' company are trying to take over the FE assets, contracts and order book whilst trying to hoodwink the same suppliers into working for them - without acknowledging they are still a Fraser Eagle business.
As if it's not bad enough that the administrators have seemingly let the FE coaches be 'appropriated' by another company, they're letting whatever saleable assets they do have slip by from under their noses.
Shocking.
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I heard that some coaches had been
given to creditors
before the receivers were called in.
Frasers subcontracted other coach firms to do rail replacement work and many were complaining they hadn't been paid for months on end in the year leading up to them folding.