Re: Fraser Eagle
 

On a very recent coach trip with another firm......I overheard the Drivers talking and apparently Alfa are buying up three hotels to add to their empire.......and that Shearings are struggling and have a time limit, by which, if business doesn't improve they will throw in the towel too

Re: Fraser Eagle
 

dont pay too much attention to what drivers say - most of it is idle gossip
all the tour companies are struggling at the moment fighting for fewer and fewer passengers. But this doesnt stop them

Shearings' £5m profit hit by sterling's fall - Travel Trade Gazette



Shearings unveils a brand new look - Group Travel Organiser - Group Travel News, Articles, and Events

Re: Fraser Eagle
 

Well, ma and i travel on these trips quite a bit and we have been on those coach trips where there have only been 14 folk on board....so we know that they must be running at a loss.

The high cost of fuel during last year must have been crippling for the companies too.

Re: Fraser Eagle
 

Deary deary me. Make yourself a brew and just read the comments section.

Fraser Eagle to appoint administrator (From Lancashire Telegraph)

click on this link, it does work!

Re: Fraser Eagle
 

Those comments on the Telegraph website echo the rumours that have been doing the rounds - well worth the long read - shame that ordinary workers suffer whilst the eagle feathers its own nest

Re: Fraser Eagle
 

agree lets hope they get a result.

Re: Fraser Eagle
 

The staff got the BAD news today

R.I.P. Fraser Eagle 10th March 2009

Re: Fraser Eagle
 

Those of us who work in the travel industry all know things aren't good, the tragic demise of Fraser Eagle was indeed a very sad day for the trade. I personally know a family who have been directly affected by the collapse of FE, and my thoughts are with them, and everyone else who has lost their job as a result of the collapse.

Fraser Eagle
 

What a sad, sad sight. It should be buzzing, not lying empty! Poor Fraser Eagle, such a good place to work for. Am really missing the place.

Re: Fraser Eagle
 

heard a whisper they are starting again wi coaches under a new guise,? may be just crap, but if true won't do any good fer most of the poor sods that lost their jobs.:(

Re: Fraser Eagle
 

Was reported in the telgraph. Scandalous is about the politest word I can think of :rolleyes:
Fraser Eagle boss has a new firm (From Lancashire Telegraph)

Re: Fraser Eagle
 

funny how the rules always help the money people n do sod all fer the poor sods left in the crap.:mad:

Re: Fraser Eagle
 

I've always though that was a load of crap, people being able to start a new business, whilst the company they once owned owes creditors oodles of cash, but I suppose that's why they open limited companies. I don't know what it costs now, but in the early 80s you could buy a shelf company for around £250

Re: Fraser Eagle
 

The term used in business for this type of scam is that of a 'phoenix' company. I suppose this is the first time the eagle has risen from the ashes.

Re: Fraser Eagle
 

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.