Wrightbus
Wrightbus
(25 Sep 2019, 2:42 pm)James101M
Founder’s son, Jeff Wright. The founder (Jeff’s father) now has/had no shareholding in Wrightbus Paster Jeff has/had majority control over Wrightbus, it’s parent company, the property company charging disproportionate rent and the founder of Greener Pastures Church.
It’s fair to say Jeff Wright likes having money, but wasn’t particularly interested in the business of building buses.
Suppliers will be preferential creditors over customers, that’s if there isn’t already charges over remaining assets of Wrightbus. As it stands GNE have little chance of seeing either the buses or deposits paid so far and if/when Wrightbus ceases to exist they have no chance.
Any company picking up pieces of Wrightbus would have no obligation to fulfil outstanding orders.
Well, it's worse than I thought then!
I'd imagine that considering the Streetdecks were due to arrive September/October time, they'll be pretty much done now, so maybe GNE will be able to pick them up cheap when the assets get sold off (assuming a buyer isn't found)
(25 Sep 2019, 2:42 pm)James101M
Founder’s son, Jeff Wright. The founder (Jeff’s father) now has/had no shareholding in Wrightbus Paster Jeff has/had majority control over Wrightbus, it’s parent company, the property company charging disproportionate rent and the founder of Greener Pastures Church.
It’s fair to say Jeff Wright likes having money, but wasn’t particularly interested in the business of building buses.
Suppliers will be preferential creditors over customers, that’s if there isn’t already charges over remaining assets of Wrightbus. As it stands GNE have little chance of seeing either the buses or deposits paid so far and if/when Wrightbus ceases to exist they have no chance.
Any company picking up pieces of Wrightbus would have no obligation to fulfil outstanding orders.
Well, it's worse than I thought then!
I'd imagine that considering the Streetdecks were due to arrive September/October time, they'll be pretty much done now, so maybe GNE will be able to pick them up cheap when the assets get sold off (assuming a buyer isn't found)
