Re: Any news about SAFETY DEVICES?
this is far better than what I heard and it makes me feel less sorry.
It is always a shame and very sad to hear that such well known companies so
closely related to Land Rover and its vehicles have problems.
Lets hope that the admistrators will be able to pull the company out of
trouble, if of course the rumours are true.
Anyone knows what will happen with the Safety Devices weekend?
"David French" <firstname.lastname@example.org> wrote in message
> In article <3heh5bFgqac2U1@individual.net>,
> "Pantelis Giamarellos" <email@example.com> wrote:
> > People Hi,
> > it has today been announced through one of the main LR related fora
> > that SAFETY DEVICES has entered into receivership or something like that
> > (shutting down, filing for closure etc)
> > Can anyone please confirm the truth of that?
> I'd heard they'd gone into administration - this is different than going
> into receivership; it means that an administrator is appointed on
> behalf of creditors to run the company and either trade them out of a
> debt / cashflow problem, or sell off the assets. It doesn't necessarily
> mean they're going out of business, although that's one possibility.
> However, this is all rumour and I've not heard anything "official".