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| Author: | captain cab [ Mon Nov 02, 2009 8:03 pm ] |
| Post subject: | Connect Point UK |
Connect Point UK Statement dated 2nd November 2009 It is with gravest regret and sincere apologies that Connect Point UK finds itself in a position whereby it will be unable to trade solvently and as such has ceased trading with immediate effect. A number of forces have placed us in this position including immense competitor pressure which forced us into reducing our prices and terms/conditions combined with unending pressure from suppliers whose demands where for payment well ahead of those we were experiencing from our clients. As anyone in business is aware, cash flow is king and when your personal sources have dried up there is nowhere else to go to meet the void created by late or delayed incoming payments and the need to make outgoing payments. Once again this is the trap we find ourselves in. Our management team has attempted this afternoon to provide a short term solution to clients who will provide them with continuity through non-related sources; this short term solution is in no way connected to Connect Point UK. In order to safeguard the current financial position of the company and to prevent incurring any more supplier costs we have take the decision that it would be in no ones interest to continue and incur these additional costs. This also means that no further supplier payments will be made pending any future appointment. Outstanding amounts owed to Connect Point UK will be pursued in line with agreed terms with clients and we expect these to be settled in full as the services were legitimately delivered in full. The company will therefore cease trading with immediate effect and focus on collecting outstanding amounts due in order to endeavor to meet its creditor’s demands. A skeleton level of staffing will voluntarily remain to see through the final requirements; however it is unlikely that they will be in a position to deal with creditors calls, a further communication will be made to creditors once we are in a position to do so. Kevin Dean Managing Director Connect Point UK |
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| Author: | Sussex [ Mon Nov 02, 2009 8:06 pm ] |
| Post subject: | Re: Connect Point UK |
captain cab wrote: It is with gravest regret and sincere apologies that Connect Point UK finds itself in a position whereby it will be unable to trade solvently and as such has ceased trading with immediate effect.
Is this the new firm or the old firm packing up? And if it's the former how many mugs signed up and got re-shafted? 
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| Author: | skippy41 [ Mon Nov 02, 2009 8:16 pm ] |
| Post subject: | |
Who are they??? |
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| Author: | captain cab [ Mon Nov 02, 2009 8:16 pm ] |
| Post subject: | Re: Connect Point UK |
Sussex wrote: captain cab wrote: It is with gravest regret and sincere apologies that Connect Point UK finds itself in a position whereby it will be unable to trade solvently and as such has ceased trading with immediate effect. Is this the new firm or the old firm packing up? And if it's the former how many mugs signed up and got re-shafted? Connect Point replaced Fraser Eagle.......I think lots of people will have got sha*ted CC |
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| Author: | grandad [ Mon Nov 02, 2009 8:18 pm ] |
| Post subject: | Re: Connect Point UK |
captain cab wrote: Sussex wrote: captain cab wrote: It is with gravest regret and sincere apologies that Connect Point UK finds itself in a position whereby it will be unable to trade solvently and as such has ceased trading with immediate effect. Is this the new firm or the old firm packing up? And if it's the former how many mugs signed up and got re-shafted? Connect Point replaced Fraser Eagle.......I think lots of people will have got sha*ted CC Jeez that didn't take long! |
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| Author: | Nigel [ Mon Nov 02, 2009 8:31 pm ] |
| Post subject: | Re: Connect Point UK |
Sussex wrote: captain cab wrote: It is with gravest regret and sincere apologies that Connect Point UK finds itself in a position whereby it will be unable to trade solvently and as such has ceased trading with immediate effect. Is this the new firm or the old firm packing up? And if it's the former how many mugs signed up and got re-shafted? Quite a few of them I suppose. |
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| Author: | bloodnock [ Mon Nov 02, 2009 9:07 pm ] |
| Post subject: | Re: Connect Point UK |
captain cab wrote: Sussex wrote: captain cab wrote: It is with gravest regret and sincere apologies that Connect Point UK finds itself in a position whereby it will be unable to trade solvently and as such has ceased trading with immediate effect. Is this the new firm or the old firm packing up? And if it's the former how many mugs signed up and got re-shafted? Connect Point replaced Fraser Eagle.......I think lots of people will have got sha*ted CC What kind of work were they or Fraser eagle into ? |
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| Author: | captain cab [ Mon Nov 02, 2009 9:19 pm ] |
| Post subject: | Re: Connect Point UK |
bloodnock wrote: What kind of work were they or Fraser eagle into ? Apart from shafting cab drivers and coach companies? 
Rail replacement work CC |
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| Author: | Stationtone [ Mon Nov 02, 2009 9:25 pm ] |
| Post subject: | |
CONNECT POINT UK LTD PENDLE COURT 4 MEAD WAY SHUTTLEWORTH MEAD BUSINESS PARK PADIHAM BURNLEY LANCASHIRE BB12 7NG Company No. 04004048 Status: Dissolved 13/10/2009 Date of Incorporation: 30/05/2000 Country of Origin: United Kingdom Company Type: Private Limited Company Nature of Business (SIC(03)): 7487 - Other business activities Accounting Reference Date: 31/05 Last Accounts Made Up To: 31/05/2007 (DORMANT) Next Accounts Due: Last Return Made Up To: 30/05/2008 Next Return Due: Last Members List: 30/05/2008 Previous Names: Date of change Previous Name 02/08/2000 ADVICEBEAM LIMITED 12/09/2007 DEPARTURES (UK) LIMITED 19/02/2009 FRASER EAGLE BUSINESS SOLUTIONS LTD |
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| Author: | MR T [ Mon Nov 02, 2009 9:32 pm ] |
| Post subject: | |
UK Office: Suite 5 | Ribble Court | Shuttleworth Mead Business Park | Padiham | Lancashire | BB12 7NG Malta Office: Level 3 l Suite 3 l The Cornerstone Complex l 16 September Square l Mosta l MST1180 Office Tel: 08448 542610 Office Fax: 08448 542611 |
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| Author: | grandad [ Mon Nov 02, 2009 9:49 pm ] |
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How soon will they be back again? |
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| Author: | MR T [ Mon Nov 02, 2009 9:50 pm ] |
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grandad wrote: How soon will they be back again?
Depends on how fast they can spend the money
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| Author: | Stationtone [ Mon Nov 02, 2009 10:03 pm ] |
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floating charge agreement ,doese anyone know what this means when a company has this. 
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| Author: | grandad [ Mon Nov 02, 2009 10:31 pm ] |
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stationtone wrote: floating charge agreement ,doese anyone know what this means when a company has this.
http://www.encyclo.co.uk/define/Floating%20charge |
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| Author: | captain cab [ Mon Nov 02, 2009 10:41 pm ] |
| Post subject: | |
grandad wrote: stationtone wrote: floating charge agreement ,doese anyone know what this means when a company has this. http://www.encyclo.co.uk/define/Floating%20charge I guess it means connect point dont lose 
CC |
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