Should Kaka Sign For Ernst & Young?

We just got a progress report from administrators Ernst & Young on Bridisco Ltd (In Administration) who went under owing us £18,435. As unsecured creditors we aren't going to get anything back. Tucked away in Appendix C is an analysis of the Administrators' time costs. I've been playing "guess how much so far" with everyone in the office and I have to say that all of their guesses fell miserably short. I'm not going to give you £10,000, I'm not going to give you £100,000, I'm not even going to give you half a million pounds. No.The sum accrued by the accountants in this debacle whilst we and the £30,000,000 worth of other creditors who will get nothing, wonder how we are going to make up our losses, is a mere £1,039,860.00. Yes over a million pounds for a couple of months' work at an average hourly rate of, wait for it, £309.35. So Kaka. Think long and hard before you sign on the dotted line and consider the thrills and excitement of becoming an insolvency practitioner instead. There's likely to be plenty of work about. Sending a flier to all the other poor creditors would be a good start.

Christ! That reminds me.Big Al from Moore Stephens is still ensconced in the boardroom doing our audit. If he's charging £309.35 an hour we're in big trouble.



Here's Jason Poland our second in charge in our assembly department. Jason will be celebrating his 38th birthday tomorrow and we would like to wish him a very happy day. Jason, who has been with us for almost ten years, is very much the quiet man of Instanta. He gets on with the job quietly, extremely quickly and very efficiently. In our employee records of absence and lateness, Jason has no entries in the last 9 years - a record that is unlikely to be beaten. He enjoys playing pool in his spare time and plays for local pub The Zetland. Together with his wife Jude, Jason enjoys travel and has visited a couple of the world's wonders including the pyramids and Niagara falls.At only 38 he's got plenty of time to visit the rest. Have a great day Jason.

I was interested to read in today's local paper the "Southport Visiter" (yes it is spelt wrong), a piece about all the empty shops in Southport at the moment. This echoes what I said here a few days ago. It really is quite a worry for us Southport locals. The town has had some wonderful development over the last few years including our superb new bridge, a fabulous conference centre and a top rate town centre hotel. But this great new infastructure will mean absolutely nothing if the shopping heart of the town is allowed to die. Can't think of any solution but if nothing is done soon this will be the outome.