HMV in administration - hope you've no vouchers!

[Archie_tect]

Presumably this is a reference to other companies that have taken adequate (and legal) tax avoidance measures.

People don't realise that it may do the British public more harm then good with these large blue chip companies where pensions will be invested in to pay their fair share of CT as it is according to the Daily Mail.

The old advice to Buy British was economic sense, sadly in a bid to cut costs Britain cut R+D, and investment so products worsened and costs rose without the turnover to accommodate them so where does the money go... to those countries who have low wages and low tax thresholds... British companies that don't include for VAT/NI/PAYE and CT in their cash-flow are incompetent, those who seek to follow the minimum CT trail are on the legal side of unethical scumbags. Eventually if we all continue to work to the lowest common denominator we'll end up with no manufacturing, no work, no pensions and be totally reliant on service industries.

Sorry, I'm not rational or even necessarily accurate but hey, it's only jobs and money.

 

[Ludwig]

I think a lot of it is down to out education sytem which sees manufacturing and retailing as a slightly low end career choice. You see see the bright kids want to go into things like accountancy, law, medicine or the media which is all well and good but you need a good manufacturing base to have all these service sector jobs and a lot of these so called professions produce little or no wealth but simply ride on the backs of manufacturing

 

[pplpilot]

I was in the Solihull branch yesterday and grabbed a few snap shots http://tinyurl.com/b54otax

 

[deanE]

when all thehigh street shops disappear we'll all be living in glass fronted converted flats

The High Street will certainly not survive in the way we have known it. Even the multiple coffee bars and charity shops will not survive if people are not there shopping. Some towns are trying to preserve the High Street by objecting to commercial property being converted to residential but I think they are fighting a loosing battle. Also an increase in people actually living in town centres will help to support small food shops etc.

 

[byegad]

Your end up being a unsecured creditor, so your behind all the secured creditors when it comes when it comes to getting your cash back out of the business.

In other words;

We make the rules and they are:-
1. You don't get your money back.
2. See rule 1.

 

[Matt1705]

Bring back woolworths

 

[green1]

In other words;

We make the rules and they are:-
1. You don't get your money back.
2. See rule 1.

Depends how deep the company are in it.
I think the order of payment is:
Secured Creditors
Administrators
Employees
Unsecured Creditors.

 

[byegad]

Oh! I think they are in it to their necks and maybe beyond. We often popped in to the local HMV and spent money there too! But the shops always had booming music and we never stayed too long. Like so many high street shop chains they did not adapt to internet shopping and the tax free competition from Amazon, Play et al didn't help either.

 

[tyred]

I don't buy as much music as I used to but I still support my local independent. The local HMV was often more expensive, a horrible place to shop with brain dead staff and they didn't stock music for people with bizarre refined tastes in music.

 

[Aperitif]

What will happen to Nipper?

He's already 'gone to the dogs'...The Barking branch was visited by Edward Elgar I belive, and Nipper was a bit of an enigma, even then.

 

[tyred]

What will happen to Nipper?

He's long gone. I shot him after he chewed up my gramaphone.

 

[swee'pea99]

"The High Street" per se may very well be en route to total obsolescence. It's already disappeared in much of America, which now largely lives in the suburbs and shops, insofar as it shops offline at all, at the mall. The High Street dates back to the time when people had legs...can you imagine?

 

[phil_hg_uk]

"The High Street dates back to the time when people had legs...can you imagine?

You mean people used to .......................... WALK

 

[srw]

He's already 'gone to the dogs'...The Barking branch was visited by Edward Elgar I belive, and Nipper was a bit of an enigma, even then.

According to Radio 3 this morning, Elgar himself opened the first shop for Music Makers on Oxford St, that outpost of Cockaigne.


(Apologies for the lack of puns. I tried to work in something, but couldn't Dream anything up. Perhaps an Apostle will come along from another Kingdom - perhaps a Land of Hope and Glory in the South, bedecked in Pomp and Circumstance, and wave their Wand of Youth to conjure up a version of Jerusalem.)

 

[Aperitif]

According to Radio 3 this morning, Elgar himself opened the first shop for Music Makers on Oxford St, that outpost of Cockaigne.


(Apologies for the lack of puns. I tried to work in something, but couldn't Dream anything up. Perhaps an Apostle will come along from another Kingdom - perhaps a Land of Hope and Glory in the South, bedecked in Pomp and Circumstance, and wave their Wand of Youth to conjure up a version of Jerusalem.)

Don't worry about puns. Just conduct yourself properly on this thread. (This is all off the record by the way.)