re: gobbo - face the facts mookie, in all seriousness, companies like KIA have found it tough over the past couple of years as our current economic climate lends itself to people and business flourishing and prosperity abounds. eg: markets breaking record highs, low interest rates etc etc. There just isn't that many companies going belly up these days. Sure it still happens and the major players in the insolvency industry fight tooth and nail for the opportunity to liquidate these unfortunite entities.
I'm sure once interest rates go ballistic (like during the recession we had to have) and the stock market crashes again, then the companies like KIA which prey on doom and gloom and business's going belly up, insolvency will once again be flavor of the month. directors under investigation caught with their hands in the cookie jar dont help in any case either..
Sad really to see anyone doing it this tough.. I'm a capitalist at heart and believe there is enough money in the world for all of us to flourish, it's just a shame some people don't know how or have never been taught how to make money/run a company. Time will tell in this case.
KIA
knights insolvency administration limited
