A Shonky Business Model28 February 2012
Back to the strange goings-on at KAL Media.
The liquidator’s report into the voluntary liquidation of the company in June last year makes very interesting reading.
The statement from the one and only Director says that her plans for the company became ‘frustrated’ when a creditor obtained a County Court Judgement for 4,500 pounds and the company had to pay it to avoid receiving a visit from the bailiffs.
So it would appear the company’s business model and any expansion plans are based on its reluctance/refusal to pay its creditors.
I know how she feels – my plans for the future are frustrated by having to pay bills as well. I could travel the world for half the year if I didn’t pay my mortgage for instance. But life just isn’t fair, is it?
ETA: Reading the liquidator’s report more thoroughly, I think I may have misunderstood this. I think maybe the CCJ was the catalyst to KAL going into voluntary liquidation (so they WOULDN’T have to pay it), rather than that KAL actually paid it.