There have been no more postings here since October 2005, because the 5 'Directors' of the charity, locked the staff out of the offices, and put them 'on leave' in the beginning of the November, and then asked us all to a meeting on the 21st December 2005, to tell us that they had liquidated the company at 5pm the evening beforehand. None of the staff had been paid since the October, and we were told that we would get reduncnacy money - but probably not until February/March!! Plus two of us would still be owed money then and would have to become creditors and wait to see what would happen when they 'sold all the assets'.
They did sell most of the assets - [at a pittance], and at the first creditors meeting, the two directors who attended [ and were the instigators of the liquidation] said "the boats belong to Glasgow Council, so cannot be counted as assets". They were a bit miffed to say the least when the Project Manager [the other staff member still owed wages] stood up and said " That is not true, when the Nolly Company was formed Glasgow Council transferred all rights to the boats completely to the company, with no strings or riders" The boats DID belong to the company, and if the 'Directors' had listened to their employees and sold the newly built holiday boat for the full marketable price there would have been no need for liquidation.
Since then the Council formed a company to 'manage' the boats which they ended up buying by paying off all the Nolly Company creditors IN FULL [100p in the £]. This companies 'committee' included the two former directors who had pushed for the liquidation - which seemed rather strange to us! The boats lay in the Applecross Basin, Glasgow for over a year before being handed over to yet another management company,[ formed from outdoor activity company people ] who funnily enough proposed all the same uses, which the former staff had suggested, before the demise of the charity. definately strange things going on - lots of behind the scene deals I believe.
SO since December 2005, I have not been involved with the Nolly boats at all.
They did sell most of the assets - [at a pittance], and at the first creditors meeting, the two directors who attended [ and were the instigators of the liquidation] said "the boats belong to Glasgow Council, so cannot be counted as assets". They were a bit miffed to say the least when the Project Manager [the other staff member still owed wages] stood up and said " That is not true, when the Nolly Company was formed Glasgow Council transferred all rights to the boats completely to the company, with no strings or riders" The boats DID belong to the company, and if the 'Directors' had listened to their employees and sold the newly built holiday boat for the full marketable price there would have been no need for liquidation.
Since then the Council formed a company to 'manage' the boats which they ended up buying by paying off all the Nolly Company creditors IN FULL [100p in the £]. This companies 'committee' included the two former directors who had pushed for the liquidation - which seemed rather strange to us! The boats lay in the Applecross Basin, Glasgow for over a year before being handed over to yet another management company,[ formed from outdoor activity company people ] who funnily enough proposed all the same uses, which the former staff had suggested, before the demise of the charity. definately strange things going on - lots of behind the scene deals I believe.
SO since December 2005, I have not been involved with the Nolly boats at all.
posted by Kindurco at
12:48 PM
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