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Jim Mellon’s Rivington Street Goes Bust (officially) – even this statement is somewhat incomplete

Tom Winnifrith Wednesday 29 January 2014

 

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Guest authors Han Solo & Luke Skywalker write: Jim Mellon’s Rivington Street Holdings (RIVP) today finally called in the administrator for the PLC but its statement ‘fessing up to this was er, somewhat incomplete. 

Jim Mellon and his fellow directors admitted that he had bought the events business Ex-Events and t1ps.com from banrupt Rivington for

"a total consideration of £170,000, including the settlement of historic creditors, following an extensive marketing process in which Galloway Limited's offer was considerably in excess of all other tenders"

Extensive marketing? Really?

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About Tom Winnifrith
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Tom Winnifrith is the editor of TomWinnifrith.com. When he is not harvesting olives in Greece, he is (planning to) raise goats in Wales.
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