Remember the requirement for the Rangers website to disclose that the company was being run by the administrators?
Have a look at Rangers.co.uk website – I have posted a screenshot from the front page below
Nothing apparent there – let’s scroll down the page a bit…
Still nothing…
OK – scroll down to the very bottom of the page…how about that?
You will need to click on the above image to make it full size.
Final clue – you will see some very small type, in black on a dark blue background in the bottom left corner of the page…
Highlight it (if you are actually on the website as opposed to my JPEG) and the magic words appear!
(In Administration) (“the Company”)
The affairs, business and property of the Company are being managed by the Joint Administrators, Paul Clark and David Whitehouse, who act as agents of the Company and without personal liability. They are both licensed by the Insolvency Practitioners Association.
It’s good to see the operators of the website fulfilling the letter, if not perhaps the spirit, of the “publicity” requirements of administration!
I suspect that there must be some secret competition amongst administrators to see who can comply with the rule, but in the most subtle fashion.
It reminds me of a section from the Hitch Hiker’s Guide to the Galaxy, regarding planning notices being on public display. Mr Prosser, from the Council, has just told Arthur Dent that the plans re demolition of his house have been on display for nine months.
ARTHUR DENT:
Yes! I went round to find them yesterday afternoon. You’d hadn’t exactly gone out of your way to draw much attention to them have you? I mean, like actually telling anybody or anything.
MISTER PROSSER:
The plans were on display.
ARTHUR DENT:
Ah! And how many members of the public are in the habit of casually dropping around the local planning office of an evening?
MISTER PROSSER:
Er – ah!
ARTHUR DENT:
It’s not exactly a noted social venue is it? And even if you had popped in on the off chance that some raving bureaucrat wanted to knock your house down, the plans weren’t immediately obvious to the eye were they?
MISTER PROSSER:
That depends where you were looking.
ARTHUR DENT:
I eventually had to go down to the cellar!
MISTER PROSSER:
That’s the display department.
ARTHUR DENT:
With a torch!
MISTER PROSSER:
The lights, had… probably gone.
ARTHUR DENT:
So had the stairs!
MISTER PROSSER:
Well you found the notice didn’t you?
ARTHUR DENT:
Yes. It was on display in the bottom of a locked filing cabinet, stuck in a disused lavatory with a sign on the door saying “Beware of the Leopard”. Ever thought of going into advertising?
Have we found the administrators’ publicity equivalent, though without the leopard of course!
It might seem a bit presumptuous to click “like” on my own post – but I generally feel that any mention of Arthur Dent deserves as much praise as possible!
And in honour of him, I am off to make a cup of tea!
Welcome back – frantic hours spend watching goolge report no new update on your site gnawww gnawww – need fix need fix.
PS: Luv the dent as well – all we need now is a chesterfield sofa to appear in a rangers game… lol
Anyone think the tax bills (plural) are SEP for most rangers fans…
keep up the good work….
any comment on the £50k fine – is that due to be paid as its after admin date ?
My understanding is the fine must be paid within 14 days, otherwise the Company will be prohibited from using the Plus Stock Exchange again.
As you say, both the Administrators are licensed by the Insolvency Practitioners Association (‘IPA’) . Have a look at the IPA website as regards their ethics guide:
Naturally, I am not suggesting that anything may be amiss!
Thats What I like about you Paul you know where your towels at
I never leave home without it!
This may also entertain!
http://www.edinburgh-gazette.co.uk/issues/27060/pages/487
That notice was also in ‘The Herald’ today.
Nothing to see here, move along now.
A high court judge has ruled today [18th December] that MCR was “incorrect” to continue selling Hachette UK titles after Borders UK went into administration without having sought court approval.
http://www.thebookseller.com/news/mcr-incorrect-sell-hachette-stock-rules-judge.html
It’s all terribly complicated this Insolvency stuff, isn’t it! You can see how even experts like MCR could make mistakes…
Looks like you’ve shamed them. The paragraph is now set in a blamelessly pure hue of baby blue.
Ha ha!
The power of blogging – with a single post can change the font size and colour of three lines on a webpage!
Good Spot Paul,
But at the very very bottom of the page something appears to have been allowed under copywright of Rangers Football Club 2012.
Any Idea what that is and..eh..who that might be?
most (c) message have date in them.. so maybe red herring…
so long and thanks for the fish 🙂
Was reading your comment and it made me think, ‘I wonder when that Company Name was purchased’ (if at all). So, I had a quick look at Companies House and in particular, Proposed Names. Apologies if this has been covered elsewhere (RTC etc) but here’s what I found:
RANGERS FOOTBALL CLUB LIMITED (P) Effective 14/02/2012
RANGERS FOOTBALL CLUB LIMITED (P) Effective 17/02/2012
(Twice???)
RANGERS FOOTBALL CLUB OF GLASGOW (P) Effective 17/02/2012
RANGERS FOOTBALL CLUB OF GLASGO LIMITED (P) Effective 17/02/2012
So, I’m wondering, is this a potential purchase of newco names before Liquidation occurs?
“Beware of the Bear” would be far more appropriate.
Hi Paul,
I just found this mention of Duff & Phelps in the Hitch Hikers Guide to Insolvency …”Mostly harmless.”
Regards, Ford Prefect.