- Location
- West Suffolk
Will they take advantage of the current situation?
Essar Oils pulling a CF?
- Thread starter Sonoftheheir
- Start date
Hindsight
Member
- Location
- Lincolnshire
Will they take advantage of the current situation?
Possibly bit more Spivvy than the CF chancers. Look up the owners. And look up that they have taken a lot of cash out of the business as 'loans'. Its a con. They are taking the pi..ss out of the UK. I await to find out hw much these glory boys have donated to the Tory Party in the last few years. Spivs looks to be the term.
- Location
- West Suffolk
It wouldn’t do for it to fail, one 6th of the UK supply.
Ought to be nationalised perhaps?
Ought to be nationalised perhaps?
Hindsight
Member
- Location
- Lincolnshire
Oh do not worry the Tories will look after these Indian guys. Modi will expect no less.
- Location
- Lincolnshire
Just nationalise it.
Hindsight
Member
- Location
- Lincolnshire
Fun to watch these Tory boys in a muddle.
- Location
- Lincolnshire
When you're the largest, secured creditor as HMRC, and the company relies on your deferral of payment to keep going, you can turn the bloody screw, hard.
Given its geographic location, bailiffs wading in and taking the cars off the execs; nationalising; upgrading; turning a nice profit would get a nice round of applause from the locals. Imagine being able to put that on your election canvassing.
Given its geographic location, bailiffs wading in and taking the cars off the execs; nationalising; upgrading; turning a nice profit would get a nice round of applause from the locals. Imagine being able to put that on your election canvassing.
Hindsight
Member
- Location
- Lincolnshire
Oh dear Tesla - just common sense. You fail to take account of the political ideoloogy. Recall less than two years ago the Tories under PM Billy Bunter warning the country of chaos and nationalization under a red Corbyn socialist government. And here we are 18 months later faced with same under PM Bunter. Such deliciousness. But these Eton types are schooled as Spivs, well eloquent - and even a bit of social diversity now with Kwasi and Rish, so will be able to smooth things over. Hey ho.
- Location
- Lincolnshire
I just see an easy profit and a political win....
Hindsight
Member
- Location
- Lincolnshire
True. I just see a political conundrum. Maybe I am thinking to much!!
Reading into the story, Essar ran out of cash to pay HMRC for excise duty at the start of the pandemic, they struck an agreement to repay the £900m owed by the end of this month, to date they have coughed up £700m leaving £200m outstanding, they also say that they turned the corner to being cash positive in July 2021. can anyone seriously think HMRC are going to push the button to send under a company that has already paid back the vast majority of their debt ?
- Location
- Near Derby
Since when did nationalised firms make money?
- Location
- West Suffolk
More to secure supplies I’d say?