Anonymous said...
I was a supplier to Midas for years and they were an excellent company to deal with. What has happened here is terrible shame. For years suppliers have made lots of profit from dealing with Midas for the 40 years they have been in business. They were also a partnership and I know Daren and Derek have been made personally bankrupt. Which is a poor return for a lifetime of effort - which has also employed 80 or so local people in the Farnborough area. Your vendetta and publishing the addresses of the people involved is wrong. You clearly have personal issues which I am sure can be addressed by medication on the NHS - which I am assuming is part funded by the tax contributions on the 85 people that continue to work at Midas.
But readers should not forget what was said at the creditors meeting:
Extract from BDO's report of creditors meeting
"Mrs Gates (of BDO) did then confirm to the meeting that both Mr Jarman & Mr Carter had recently been made Bankrupt on the presentation of their own petitions and that she understood that both had transferred interests in property to their spouses before Bankruptcy Orders had been made - in the case of Mr Jarman, it is understood that the transfer of property took place approximately eighteen months previously. and, in the case of Mr Carter, some seven years previously"
Being made bankrupt cannot be nice but is probably loads better if youve moved your assets and can continue to live your life in the same house and go on holiday in your same villa as you were before? Comments on this form any body else with "personal issues" (as I am described by anonymous above) are welscome.
is this bloke mad? I was a supplier to Midas and didn't have years of nice profitable work - he may of done but not all of us have nice rose tinted glasses. Nice idea trying to defend it all by saying staff are paying there tax but did he miss the fact that Midas owed the Inland revenue a quarter of a million quid! That is the countries money and our money and it'll take a hell of a long time for 85 employees to pay that back in tax - and that's only if they don't go bust again owing the taxman even more money
ReplyDeletethe story is probably not finished yet - how many of these poor suppliers have continued to trade with the 'new' midas? if they are ofering credit terms they must be mad - all too often these pheonix companies end up going down a second time. And don't forget daren and derek didn't organise things day to day it was the management team that now own midas
ReplyDeletebrilliant - sounds like the original commentator was ripping midas off for years so no wonder he feels agrieved now the cash cow is dead. keep it up Auric and shine the light on these dodgy dealings
ReplyDelete