HMV Collapse – Administrators Useless Money Wasters!

OK, so four years on nothing has changed. From web point of view insolvency administrators of huge chains still waste money with their first decisions!

Four years into the crisis, four years after our Silverjet and Woolworth articles where published and we have this same approach from appointed administrators – money wasters!
Apoined administrator is someone who should take extra care when it goes to value of the collapsed business.
How about taking care of assets value? We know operations created profit opposite to the rest of the group. Administrator’s task at this point is to make sure that people are not only informed about company administration status but also be aware of the value of assets managed during administration.
Making shareholders and companies to whom HMV owns money aware about administrator’s action to make website wiped out from search engines within few days wouldn’t go well as it is irresponsible also in respect of the people who work in this part of HMV group!

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