Speedferries in trouble?
Discussion
Davwlk said:
Munter said:
I swear it's like someone on the Speedferries website is just cut and pasting yesterdays status and putting it on their website. 
So at least someone still has a job there then!!Edited by Davwlk on Thursday 13th November 14:33
www.speedferries.co.uk said:
Notice to all Customers: Speedferries Limited (in Administration)
The affairs, business and property of the Company are being managed by the Joint Administrators, A Swarbrick and T Burton, who act as agents of the Company only and without personal liability.
What has happened?
On 12 November 2008, on the application of the Directors, the High Court of Justice, Chancery Division, made an an Administration Order in relation to Speedferries Limited. Angela Swarbrick and Tom Burton of Ernst & Young LLP were appointed as Joint Administrators of Speedferries Limited.
The Administration is necessary because of Speedferries financial position and to ensure the best interests of creditors and customers are served. The Administrators are currently exploring the option of selling the business as a going concern.
Customers
Crossings have been cancelled for 14, 15 and 16 November 2008 and customers are asked to wait for further information on future crossings and to keep any pre-booked tickets.
We will continue to keep you updated with developments in respect of the long term plans for Speedferries and notify you as soon as possible via the Company website if changes are proposed to be made which will affect your current position.
Suppliers
The directors are still the directors of Speedferries Limited. However, whilst the company is in Administration, we, the Administrators, are ultimately responsible for Speedferries Limited. The directors and existing management structure will remain in place and the directors and their existing management team will be involved in the day-to-day operations.
We will be working closely with management and whilst we explore the option of selling the business we do not envisage any major changes to procedures on a day-to-day basis. Our objective is to sell the business as a going concern and to achieve this we will require your support during this process.
Press Enquiries
Any press enquires should be directed to Vicky Conybeer, Ernst and Young LLP media relations on 020 7951 0868.
Interested Parties
Interested Parties should contact Stuart Kelly on skelly2@uk.ey.com
Finally, we would like to re-iterate that our key objective is to explore the option of selling the business as a going concern and would ask for all of your support during the Administration of Speedferries Limited, whilst a buyer or buyers are sought for the business. We shall keep you as fully informed of the situation as we are able as matters progress.
Angela Swarbrick and Tom Burton
Joint Administrators
The affairs, business and property of the Company are being managed by the Joint Administrators, A Swarbrick and T Burton, who act as agents of the Company only and without personal liability.
What has happened?
On 12 November 2008, on the application of the Directors, the High Court of Justice, Chancery Division, made an an Administration Order in relation to Speedferries Limited. Angela Swarbrick and Tom Burton of Ernst & Young LLP were appointed as Joint Administrators of Speedferries Limited.
The Administration is necessary because of Speedferries financial position and to ensure the best interests of creditors and customers are served. The Administrators are currently exploring the option of selling the business as a going concern.
Customers
Crossings have been cancelled for 14, 15 and 16 November 2008 and customers are asked to wait for further information on future crossings and to keep any pre-booked tickets.
We will continue to keep you updated with developments in respect of the long term plans for Speedferries and notify you as soon as possible via the Company website if changes are proposed to be made which will affect your current position.
Suppliers
The directors are still the directors of Speedferries Limited. However, whilst the company is in Administration, we, the Administrators, are ultimately responsible for Speedferries Limited. The directors and existing management structure will remain in place and the directors and their existing management team will be involved in the day-to-day operations.
We will be working closely with management and whilst we explore the option of selling the business we do not envisage any major changes to procedures on a day-to-day basis. Our objective is to sell the business as a going concern and to achieve this we will require your support during this process.
Press Enquiries
Any press enquires should be directed to Vicky Conybeer, Ernst and Young LLP media relations on 020 7951 0868.
Interested Parties
Interested Parties should contact Stuart Kelly on skelly2@uk.ey.com
Finally, we would like to re-iterate that our key objective is to explore the option of selling the business as a going concern and would ask for all of your support during the Administration of Speedferries Limited, whilst a buyer or buyers are sought for the business. We shall keep you as fully informed of the situation as we are able as matters progress.
Angela Swarbrick and Tom Burton
Joint Administrators
d'Whatever the outcome of the administration period I'd bet my last dollar that they will buy the boats and service but not take on any of the obligations or debts. This is usual in these circumstances no matter what type of business we are talking about. In other words, those who have already booked and paid have lost their booking and money. Better get rebooking fast before the other rogues up their prices I reckon.
Sea France are a good price at the moment, and they will almost certainly get better treatment from the French should they begin to suffer financially...
But don't go forcing the price up before I have waited and where necessary re-booked my (potentially) redundant speedferries tickets!
But don't go forcing the price up before I have waited and where necessary re-booked my (potentially) redundant speedferries tickets!
lowdrag said:
Whatever the outcome of the administration period I'd bet my last dollar that they will buy the boats and service but not take on any of the obligations or debts. This is usual in these circumstances no matter what type of business we are talking about. In other words, those who have already booked and paid have lost their booking and money. Better get rebooking fast before the other rogues up their prices I reckon.
THey cannot buy the boat - as it was leased from an Italian company.. they had a documentatry on TV a while back..rev-erend said:
lowdrag said:
Whatever the outcome of the administration period I'd bet my last dollar that they will buy the boats and service but not take on any of the obligations or debts. This is usual in these circumstances no matter what type of business we are talking about. In other words, those who have already booked and paid have lost their booking and money. Better get rebooking fast before the other rogues up their prices I reckon.
THey cannot buy the boat - as it was leased from an Italian company.. they had a documentatry on TV a while back..Speedferries bought the boat from the Italian INCAT Company, back in May 2008.
It's an asset of the Administered Comnpany now.
rev-erend said:
lowdrag said:
Whatever the outcome of the administration period I'd bet my last dollar that they will buy the boats and service but not take on any of the obligations or debts. This is usual in these circumstances no matter what type of business we are talking about. In other words, those who have already booked and paid have lost their booking and money. Better get rebooking fast before the other rogues up their prices I reckon.
THey cannot buy the boat - as it was leased from an Italian company.. they had a documentatry on TV a while back..Gassing Station | Le Mans | Top of Page | What's New | My Stuff