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Janspeed go bust

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Old 09 October 2001, 06:11 PM
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Pete Croney
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Receiver called in on Friday.

They did have a suitor, who backed out, hence the collapse. He is now talking to the liquidator.

They have an excellent engineering dept, doing subcontract engine work for Lotus and Cooper, amongst others. Hope something gets sorted and the workforce can carry on.
Old 09 October 2001, 06:57 PM
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Blow Dog
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Suitor wasn't Magnex per chance?
Old 09 October 2001, 11:30 PM
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Diablo
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Unhappy

Don't mean to be pedantic, but is it a receivership or a liquidation???

Not the same thing - and will likely have very different outcomes.

D
Old 10 October 2001, 09:07 AM
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Pete Croney
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I heard it was receivers.

Blow Dog, exhausts were only part of their business. They have a major engineering dept doing engine work for Lotus and Cooper, amongst others.
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