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Farm Business
Agricultural Matters
Lots of Rumours Wellgrain has gone bust?
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<blockquote data-quote="Condi" data-source="post: 3808814" data-attributes="member: 13446"><p>Driftwell investments, the parent company, hasn't gone bust. Obviously if there was anything criminal then appropriate charges should be bought, and part of the receivers job is to publish why the business went bust. If there is nothing criminal then the people involved have no liability.</p><p></p><p>There is no suggestion anything untoward went on and I'm not suggesting there was. </p><p></p><p>The main issues seems to be a single customer owing then 3m. Having said that, they've been unable to buy from the trade for months and months and always had to pay up on farm to buy it. If they're paying more on farm and selling at the same price as everyone else then no surprise they had trouble.</p></blockquote><p></p>
[QUOTE="Condi, post: 3808814, member: 13446"] Driftwell investments, the parent company, hasn't gone bust. Obviously if there was anything criminal then appropriate charges should be bought, and part of the receivers job is to publish why the business went bust. If there is nothing criminal then the people involved have no liability. There is no suggestion anything untoward went on and I'm not suggesting there was. The main issues seems to be a single customer owing then 3m. Having said that, they've been unable to buy from the trade for months and months and always had to pay up on farm to buy it. If they're paying more on farm and selling at the same price as everyone else then no surprise they had trouble. [/QUOTE]
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Lots of Rumours Wellgrain has gone bust?
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