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Unfairpak Forum - How Farepak Stole Christmas • View topic - HBOS - Role of PWC

Unfairpak Forum - How Farepak Stole Christmas

On Friday 13th Oct 2006 - Farepak Hampers went into administration. Over 100,000 customers were told that no food hampers or vouchers or other goods will be supplied this Christmas as promised, and no refunds! Share your thoughts here...
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 Post subject: HBOS - Role of PWC
PostPosted: Thu Feb 01, 2007 12:36 am 
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When PWC acted on behalf of HBOS in selling EHR assets did they get the best price?

Can PWC provide us with any details of how they arrived at their decision?

Were there any other offers after their quick sale? Rumours are there was, but they were too late.

What companies did PWC approach to buy EHR assets? Or did they only approach one?

What fees did they earn?

Were they just ensuring that HBOS got their money back with no consideration for other creditors?

I think PWC need to explain what they did!!


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PostPosted: Thu Feb 01, 2007 1:16 am 
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We would all like answers to those questions :!:

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 Post subject: Re: HBOS - Role of PWC
PostPosted: Thu Feb 01, 2007 1:53 am 
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PostPosted: Thu Feb 01, 2007 7:44 pm 
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PostPosted: Fri Feb 02, 2007 12:36 pm 
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PostPosted: Sat Feb 03, 2007 11:57 pm 
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Why was PWC not appointed as Administrators to Farepak? Why was they treated differently to the rest of the EHR?


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PostPosted: Sun Feb 04, 2007 11:58 am 
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PostPosted: Sun Feb 04, 2007 12:59 pm 
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PostPosted: Sun Feb 04, 2007 1:24 pm 
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PostPosted: Sun Feb 04, 2007 6:35 pm 
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PostPosted: Sun Feb 04, 2007 9:50 pm 
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because there was a charge secured on Farepak post Enterprise Act 2002 which allows for administrators to be appointed instead of receivers.

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PostPosted: Sun Feb 04, 2007 9:55 pm 
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Please explain what this is?


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PostPosted: Sun Feb 04, 2007 11:51 pm 
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Or at least could you post the links so we can look for ourselves, Suzy?
Ta,
Mike


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PostPosted: Mon Feb 05, 2007 9:32 am 
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PostPosted: Mon Feb 05, 2007 10:39 am 
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Ta, I'll have a quick read of it over a coffee :? Should keep me out of trouble for a while, it looks a right riveting read :)
Mike


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