Bluff and bluster fails.

[motorbiking]

You seem to think the judgement exonerates them from further investigation/prosecution, correct?

No it was a claim for breach of contract against a now insolvent company.

 

[motorbiking]

Don't forget they are big tory supporters.

And apparently couldn't run a profitable business

How do you know they weren't profitable did you read their accounts?

 

[carmanmemoranda]

Being profitable has no effect on your insolvency. I'm not sure how I can explain this to you in a way you understand. It's clear that you don't understand being profitable can still mean you are insolvent.

Turnover is vanity. Profit is sanity.

It is really simple. Did they make a profit, or not? The argument is just about where the money has gone. Unless you really believe they didn't make a profit.

and none of this helps if a 3rd party let you down, or if a supplier to that 3rd party let him down

Irrelevant. Either they sources correctly, via a traceable paper trail, or they didn't. Which is it? Was it accidental or deliberate is the only question, but I think the judgement has been made in court.

The obvious question you are failing to ask, is if they made a profit. How do you know that the £120M cost included substantial profits?

How much money has been transferred to trust funds etc, it's been all over the press

Might I suggest you take a look ?

 

[noseall]

No it was a claim for breach of contract against a now insolvent company.

Is that a yes or a no to my question?

 

[carmanmemoranda]

How do you know they weren't profitable did you read their accounts?

You are the one telling us they can't pay their debts, you tell us

 

[motorbiking]

You are the one telling us they can't pay their debts, you tell us

Net Assets £600k
new debt £120M

can you not work it out?

 

[carmanmemoranda]

Net Assets £600k
new debt £120M

can you not work it out?

No, that's the position on the day of judgement

Where did the money go? The cynical part of this, they made sure there was no money left.

In other words, they took the money and ran.

In fairness not the 1st business to do it, but it's still cynical and poor business practice and ethics.

Hopefully this isn't the end of it

 

[motorbiking]

No, that's the position on the day of judgement

which they might have won

Where did the money go? The cynical part of this, they made sure there was no money left.

paid suppliers etc

In other words, they took the money and ran.

how much did they take? You've no clue - the accounts are public record. There was never more than about £4M floating about.

In fairness not the 1st business to do it, but it's still cynical and poor business practice and ethics.

Hopefully this isn't the end of it

The bit you are obviously struggling with, is what their costs were in the transaction.

 

[carmanmemoranda]

which they might have won

They lost, remember

paid suppliers etc

how much did they take? You've no clue

Obviously you haven't. Have you ignored how much, and where, the money went?

The bit you are obviously struggling with, is what their costs were in the transaction.

Deflection. Look at how much money went elsewhere

 

[motorbiking]

They lost, remember

Obviously you haven't. Have you ignored how much, and where, the money went?

its all in the accounts. How much did they take, where did it go?

Deflection. Look at how much money went elsewhere

how much was that?

 

[carmanmemoranda]

its all in the accounts. How much did they take, where did it go?

how much was that?

You obviously don't keep up with the news reports do you.

I think she initially said she didn't benefit at all, and then after a few news outlets digging,she changed her mind

But don't you worry about it, keep your head in the sand, it's safe there

 

[motorbiking]

You obviously don't keep up with the news reports do you.

I think she initially said she didn't benefit at all, and then after a few news outlets digging,she changed her mind

But don't you worry about it, keep your head in the sand, it's safe there

Has the penny finally dropped that the company was insolvent and the directors had a duty to wind up?

Glad we got there.

 

[Notch7]

There was never more than about £4M floating about.

How much was in the company accounts just after they banked the cheque from the government?

 

[motorbiking]

How much was in the company accounts just after they banked the cheque from the government?

Why don’t you have a look.

 

[Notch7]

How do you know they weren't profitable did you read their accounts?

Medpro was only set up to create a British company so the govt could pay the money to them.



“However, Mr Barrowman has admitted receiving a large share of the proceeds himself.

In his 2023 interview, he told the BBC he had received around £60m from PPE Medpro.

Baroness Mone said that a share of that sum was paid into a trust in the Isle of Man, of which she and her children are beneficiaries, and so potentially stand to receive the money.

Loudwater's parent company, Loudwater Holdings Ltd, is based in North London. It had net assets of more than £55m, according to its latest accounts, and a turnover of £95m.”