Sean South Posted July 7, 2010 Share Posted July 7, 2010 Parkinsons has been sold off As for the hotels etc it would depend on their profitability The office block values would depend on the lenghth of leases to run, there are acres of unlet office floors available in Douglas I wouldn't be suprised if the assets only just covered the borrowings and although that does not mean the group is in trouble it certainly stymies any expansion or even refurbishment I think you find that parkinsons is still part of the sefton group, it may not be 100% owned by them as 1 more firm has a controlling stake, Juts look for the wagons or diggers and u know which company has bailed them out. Parkinsons to be honest is on its ass as a firm, cant pay wont pay As are most construction companies. Link to comment Share on other sites More sharing options...
asgard 1 Posted November 18, 2010 Share Posted November 18, 2010 Sure its only a coincidence but 4 of the oil paintings have disapeard from the Sefton restaurant and landed up in Murrays aution rooms Link to comment Share on other sites More sharing options...
Manx1Bloke Posted August 2, 2012 Share Posted August 2, 2012 hmmmm Co has been fined £20,000....there goes the dividend again Link to comment Share on other sites More sharing options...
John Wright Posted August 2, 2012 Share Posted August 2, 2012 link, clicky, what for? Link to comment Share on other sites More sharing options...
inspector Posted August 2, 2012 Share Posted August 2, 2012 Why? Link to comment Share on other sites More sharing options...
mojomonkey Posted August 2, 2012 Share Posted August 2, 2012 They lost an unfair dismissal case from a former employee. Don't know any more than that, just saw the front page of the newspaper while waiting in the queue in marks and sparks at lunch time. Link to comment Share on other sites More sharing options...
John Wright Posted August 2, 2012 Share Posted August 2, 2012 so its not a fine? Link to comment Share on other sites More sharing options...
4sale Posted August 2, 2012 Share Posted August 2, 2012 http://www.gov.im/lib/docs/registries/tribunal/et1197.pdf Link to comment Share on other sites More sharing options...
paul1005 Posted August 2, 2012 Share Posted August 2, 2012 from www.seftongroup.co.im Hotels: 1. Sefton Hotel 2. Sefton Express 3. Hilton Hotel 4. Paramount City 5. Palace Cinema Properties: Its portfolio includes the HSBC headquarters building, Standard Bank building, the entire Clinch's complex, International House, Samuel Harris House and Cayman National House. Parkinson Construction All Worth more than 86million I'd say? To whom? If Sefton were to fold, that portfolio will be sold for greatly under £86 million, and as such I'd be very cautious as a creditor (as with any highly leveraged business). OK so I'm obviously missing something. What makes you think it's going to fold?? They don't own HSBC House, Standard Bank Building or Samuel Harris House no more so that makes them a little more 'vulnerable' ! Link to comment Share on other sites More sharing options...
mojomonkey Posted August 2, 2012 Share Posted August 2, 2012 so its not a fine? Fine, compensation, penalty, present or other - what difference does it make? Link to comment Share on other sites More sharing options...
Tempus Fugit Posted August 2, 2012 Share Posted August 2, 2012 so its not a fine? Fine, compensation, penalty, present or other - what difference does it make? presumably makes a difference to who gets the dosh Link to comment Share on other sites More sharing options...
mojomonkey Posted August 2, 2012 Share Posted August 2, 2012 presumably makes a difference to who gets the dosh Would it? If was awarded money by a court, tribunal or similar I wouldn't care what they called it as long as the other party paid and I got the cash. It might make a difference to who is paying out the money I suppose. Link to comment Share on other sites More sharing options...
Tempus Fugit Posted August 2, 2012 Share Posted August 2, 2012 presumably makes a difference to who gets the dosh Would it? If was awarded money by a court, tribunal or similar I wouldn't care what they called it as long as the other party paid and I got the cash. It might make a difference to who is paying out the money I suppose. it would make a difference to the injured party if they were fined and the dosh went to the Government coffers, and not into the party who has won his case Link to comment Share on other sites More sharing options...
mojomonkey Posted August 2, 2012 Share Posted August 2, 2012 it would make a difference to the injured party if they were fined and the dosh went to the Government coffers, and not into the party who has won his case Ah, I get what you mean. My point was more about who cares what they call it as long as the wronged party is compensated. Link to comment Share on other sites More sharing options...
Donald Trumps Posted August 3, 2012 Share Posted August 3, 2012 Any directors stood down recently? Link to comment Share on other sites More sharing options...
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