Interesting bit on the Directors, seems they have some claim in for damages
"
On 5 December 2019 the Administrators received correspondence from lawyers representing the directors, Mr Turner and Mr Calderwood. The correspondence asserts:
The directors claim arose as a repudiation of their employment contract after the appointment of administrators.
The claim is for damages, rather than under the contract, although the damages equate to the contractual notice and
redundancy entitlements.
As the repudiation occurred post-appointment of Administrators it is not a claim that is provable in the administration and should be afforded priority payment.
A40 Price at posting:
8.2¢ Sentiment: None Disclosure: Held
