Jump to content
House Price Crash Forum
Sign in to follow this  
spyguy

Is Credit Going Going To Get More Expensive?

Recommended Posts

Has the great repo/write down started?

Yellow Pages owner Hibu handed over to lenders

http://www.bbc.co.uk...siness-23448033

Lets wait for Punch Taverns + Enterprise Inns.

The founder of Optical Express stepped in to rescue the company the other week. Who lets it get to the stage of going to the bank asking for a loan to pay staff? Can imagine that meeting. Just goes to show. It's good the banks aren't being nicey-nicey forbearance 'we'll prop you up until the boom comes back' with everyone.

The bank had refused to lend Optical Express any more money.

Optical Express - which has about 93 stores and 54 consultation centres - owed more than £30m to RBS and asked for a further loan in order to pay staff, according to the Sunday Times.

The largely state-owned bank refused and threatened to seize the firm and sell it to recoup its debts.

http://www.bbc.co.uk...siness-23395511

Edited by Venger

Share this post


Link to post
Share on other sites

The founder of Optical Express stepped in to rescue the company the other week. Who lets it get to the stage of going to the bank asking for a loan to pay staff? Can imagine that meeting. Just goes to show. It's good the banks aren't being nicey-nicey forbearance 'we'll prop you up until the boom comes back' with everyone.

http://www.bbc.co.uk...siness-23395511

If the banks get a fat wedge off Carney they'll be back to nicey nicey. dry.gif

Share this post


Link to post
Share on other sites

The founder of Optical Express stepped in to rescue the company the other week. Who lets it get to the stage of going to the bank asking for a loan to pay staff? Can imagine that meeting. Just goes to show. It's good the banks aren't being nicey-nicey forbearance 'we'll prop you up until the boom comes back' with everyone.

http://www.bbc.co.uk...siness-23395511

Call me stupid, but if the founder had the money to do this (and to inject further working capital), then why the hell were they trying to get a loan anyway?

Edited by dpg50000

Share this post


Link to post
Share on other sites

Join the conversation

You can post now and register later. If you have an account, sign in now to post with your account.

Guest
Reply to this topic...

×   Pasted as rich text.   Paste as plain text instead

  Only 75 emoji are allowed.

×   Your link has been automatically embedded.   Display as a link instead

×   Your previous content has been restored.   Clear editor

×   You cannot paste images directly. Upload or insert images from URL.

Loading...
Sign in to follow this  

  • Recently Browsing   0 members

    No registered users viewing this page.

  • 243 Brexit, House prices and Summer 2020

    1. 1. Including the effects Brexit, where do you think average UK house prices will be relative to now in June 2020?


      • down 5% +
      • down 2.5%
      • Even
      • up 2.5%
      • up 5%



×
×
  • Create New...

Important Information

We have placed cookies on your device to help make this website better. You can adjust your cookie settings, otherwise we'll assume you're okay to continue.