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Aug 24th, 2023
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Joined: Jul 2011
Posts: 1,948
Talk Morgan Enthusiast
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Talk Morgan Enthusiast
Joined: Jul 2011
Posts: 1,948 |
I was poking around the internet trying to discover who Pixel West had sold MOG Magazine to and came across an interesting article in The National Law Review here. It seems that the dubious manoeuvres by Stephen Dorrell have not released him from TUPE responsibilities and the unfair dismissal cases are going ahead next month. I wonder if this has any bearing on the further resale of the magazine? ~iw Ian, you have a knack for uncovering very interesting things on the internet! In this case, it looks like Mr Dorrell's machinations could well and truly bite him in the bum as Pixel West Limited will have much more significant assets to claim against than Project Viva Limited. I don't know the background, but it seems to serve him right.
Stuart
"There's no skill substitute like cubic inches."
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Joined: Sep 2006
Posts: 7,363
Talk Morgan Guru
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Talk Morgan Guru
Joined: Sep 2006
Posts: 7,363 |
I was poking around the internet trying to discover who Pixel West had sold MOG Magazine to and came across an interesting article in The National Law Review here. It seems that the dubious manoeuvres by Stephen Dorrell have not released him from TUPE responsibilities and the unfair dismissal cases are going ahead next month. I wonder if this has any bearing on the further resale of the magazine? ~iw Ian, you have a knack for uncovering very interesting things on the internet! In this case, it looks like Mr Dorrell's machinations could well and truly bite him in the bum as Pixel West Limited will have much more significant assets to claim against than Project Viva Limited. I don't know the background, but it seems to serve him right. +1  And I know that this is not the first time that Dorrell has pre-packed his way into a much more advantageous position! It will be interesting to see what happens in court next month...
Brian
1970 Morgan Plus 8 - Moss Box (Indigo Blue)
2014 Morgan SP1 (Rocket Red)
2015 Morgan Plus 8 (Rocket Blue)
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Joined: Feb 2011
Posts: 14,009
Member of the Inner Circle
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Member of the Inner Circle
Joined: Feb 2011
Posts: 14,009 |
Well....fingers crossed for a certain someone. 🙂
Jays
Former Morgan owner. Gone but hopefully not forgotten!
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Joined: Feb 2012
Posts: 5,653 Likes: 4
Charter Member
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Charter Member
Joined: Feb 2012
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Well....fingers crossed for a certain someone. 🙂 +1 I really dislike dishonourable businessmen
Martin (Deano)
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Joined: Jul 2007
Posts: 3,827 Likes: 4
le Asbo du Bling Talk Morgan Addict
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le Asbo du Bling Talk Morgan Addict
Joined: Jul 2007
Posts: 3,827 Likes: 4 |
could well and truly bite him in the bum as Pixel West Limited will have much more significant assets to claim against than Project Viva Limited.
Not according to Companies House Net Worth -£58k
Slowly going green
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Joined: Jul 2011
Posts: 1,948
Talk Morgan Enthusiast
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Talk Morgan Enthusiast
Joined: Jul 2011
Posts: 1,948 |
could well and truly bite him in the bum as Pixel West Limited will have much more significant assets to claim against than Project Viva Limited.
Not according to Companies House Net Worth -£58k Oh! Do you suspect he has phoenixed his company into one with very few assets in order to ring-fence this liabilty, or is it typical for companies in the publishing sector to be undercapitalised?
Stuart
"There's no skill substitute like cubic inches."
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Joined: Jul 2007
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le Asbo du Bling Talk Morgan Addict
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le Asbo du Bling Talk Morgan Addict
Joined: Jul 2007
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Not sure but I can't image anyone producing niche magazines being subject to Corbins new tax rules.
I did look at some of the other Enterprises in the Dorrell portfolio and none of the publications based businesses looked particularly strong so it might be a symptom of the sector.
Slowly going green
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Joined: Sep 2011
Posts: 14,723 Likes: 151
Member of the Inner Circle
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Member of the Inner Circle
Joined: Sep 2011
Posts: 14,723 Likes: 151 |
This guy is a serial owner of insolvent companies and should be made to pay the consequences. This is a case where the law should make directors responsible to pay unpaid taxes and staff wages. Commercial suppliers take the risk if they don't get director's guarantees or somesuch before allowing credit for large sums. Having a limited liability company should not be used as a vehicle to intentionally avoid payment of debts.
Peter ![[Linked Image]](http://bradley.it/public_images/drive.jpg)
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Joined: Dec 2008
Posts: 21,871 Likes: 168
Roadster Guru Member of the Inner Circle
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Roadster Guru Member of the Inner Circle
Joined: Dec 2008
Posts: 21,871 Likes: 168 |
Proving intent in these situations can be difficult. Serial insolvency is still common.
DaveW
'05 Red Roadster S1
'16 Yellow (Not the only) Narrow AR GDI Plus 4
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Joined: Jan 2016
Posts: 853
Talk Morgan Regular
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Talk Morgan Regular
Joined: Jan 2016
Posts: 853 |
This guy is a serial owner of insolvent companies and should be made to pay the consequences. This is a case where the law should make directors responsible to pay unpaid taxes and staff wages. Commercial suppliers take the risk if they don't get director's guarantees or somesuch before allowing credit for large sums. Having a limited liability company should not be used as a vehicle to intentionally avoid payment of debts. +1 Peter, I have been victim several times......
Ken A.
Plus 4 2009 Centenary Metallic Red
Plus 8 1994 Dark Green (prev)
Honda CB100 The Big One
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