Discussion
Just read about this on the BBC Newspage - Courts have gone into admin. and people that have paid huge deposits and stuff will lose the money and the goods!!!
Is this right?! How can this happen? Apparently even the ones that paid on credit card are going to lose out!!!!
Surely courts muust have KNOWN they were going into administration yet they still kept the deals up and the offers going!
Is this right?! How can this happen? Apparently even the ones that paid on credit card are going to lose out!!!!
Surely courts muust have KNOWN they were going into administration yet they still kept the deals up and the offers going!
just dave said:
Just read about this on the BBC Newspage - Courts have gone into admin. and people that have paid huge deposits and stuff will lose the money and the goods!!!
Is this right?! How can this happen? Apparently even the ones that paid on credit card are going to lose out!!!!
Surely courts muust have KNOWN they were going into administration yet they still kept the deals up and the offers going!
Linky, please.
BTW, up late 'coz you can't lay down? Feeling well/better?
Best,
Dave
No Im fine now
Up late coz im off work and I can 
Links (sorry forgot to post them last night. I'm a poo pants
) Courts goes into administration -
http://news.bbc.co.uk/1/hi/business/4052439.stm
And the related "Have Your Say"
http://news.bbc.co.uk/1/hi/business/4059717.stm
Further to this, reading the "have your say" there are a lot of people saying how they paid their deposit of £x,xxx pounds and how they are totally ruined financially because they didnt get there goods or money back
Ok so you dont have a new sofa and cannot afford to get another one, but how does that leave one financially screwed?! Surely it just leaves you with no new sofa and no money to buy another one...
Still anyway feel very sorry for anyone who lost out. Robbing f
ks at courts should be ashamed at taking these peoples money...
Ok so you dont have a new sofa and cannot afford to get another one, but how does that leave one financially screwed?! Surely it just leaves you with no new sofa and no money to buy another one...
Still anyway feel very sorry for anyone who lost out. Robbing f
ks at courts should be ashamed at taking these peoples money...The issue of taking customers' money (or goods from suppliers) when your business is a bit shaky is actually a very difficult one - and not clearcut at all. Although there are many cowboy operations out there which are not more than thieves and charlatans, most businesses that go bust do so for purely economic reasons.
When a company is in trouble it often faces a real dilemma. Does it try and trade its way out of trouble - and for Courts, that means continuing to take customer deposits as normal, or does it stop dead as soon as trouble looms on the horizon? No matter what course of action is taken, some customers and suppliers will end up holding the fuzzy end of the lollipop. As it is, trying to trade out of trouble can sometimes be the best option.
Being under administration does not automatically mean the all customers have actually lost their deposits. It all depends whether the Administrators can relaunch the business as a going concern or not. Obviously, if Courts ends up being liquidated/wound up, then the lowest ranking creditors (including deposit holders) will definitely be bottom of the pecking order.
When a company is in trouble it often faces a real dilemma. Does it try and trade its way out of trouble - and for Courts, that means continuing to take customer deposits as normal, or does it stop dead as soon as trouble looms on the horizon? No matter what course of action is taken, some customers and suppliers will end up holding the fuzzy end of the lollipop. As it is, trying to trade out of trouble can sometimes be the best option.
Being under administration does not automatically mean the all customers have actually lost their deposits. It all depends whether the Administrators can relaunch the business as a going concern or not. Obviously, if Courts ends up being liquidated/wound up, then the lowest ranking creditors (including deposit holders) will definitely be bottom of the pecking order.
My thread here..www.pistonheads.co.uk/gassing/topic.asp?f=23&h=0&t=139474
could have been a little pointer..
could have been a little pointer..
vixpy1 said:
My thread here..www.pistonheads.co.uk/gassing/topic.asp?f=23&h=0&t=139474
could have been a little pointer..
Three weeks too late, I'm afraid.
Gazboy said:
Further to this, reading the "have your say" there are a lot of people saying how they paid their deposit of £x,xxx pounds and how they are totally ruined financially because they didnt get there goods or money back
Ok so you dont have a new sofa and cannot afford to get another one, but how does that leave one financially screwed?! Surely it just leaves you with no new sofa and no money to buy another one...
Still anyway feel very sorry for anyone who lost out. Robbing f
Some of them may have spent quite a bit on a sofa/ 3 piece jobbie, which can run into thousands- could you afford to flush 2k down the drain and not notice? I know I couldn't. It's a lot of money for thin air.
YEah, totally agree, but its not like they spent their food money on it. They lost money, they lost a sofa. its expensive and its a total and utter pain in the ar£e, and unimaginable irritation. But some of the people are making out "now that they havent got their sofa they cant afford to eat or sleep" etc...??!
I paid in full for a sofa from Courts 2 weeks before they went into admin. I have to say that I thought I'd lost my money and was really upset, but then I got invited down to the showroom and told to pick out whatever I wanted off the shop floor to the value of my order with a discount as well. So I ended up getting a £2K sofa for £600 which was better than the one I originally ordered!
Mind you, I think Steradent ran them pretty close this year..birdbrain said:
I paid in full for a sofa from Courts 2 weeks before they went into admin. I have to say that I thought I'd lost my money and was really upset, but then I got invited down to the showroom and told to pick out whatever I wanted off the shop floor to the value of my order with a discount as well. So I ended up getting a £2K sofa for £600 which was better than the one I originally ordered!
We ended up with a nice rug and a wardrobe. They wouldn't let us take the bed that we'd ordered (even though it was still in the showroom), so we bought one from a local bed store, and we're very happy with it.
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