Focus vouchers

carola9004

Hi all just heard focus has gone into administration, I have £27 of Focus vouchers does anyone know if I will be able to use them elsewhere or if I would be entitled to get my money back from the administraitors thanks in advance:)

mcjordi

if they have spend them BEFORE they start shutting shops down..

edit-- ive just googled it and it says they are seeking administration.. spend them now...

mummyofonechild

carola9004 wrote: »

Hi all just heard focus has gone into administration, I have £27 of Focus vouchers does anyone know if I will be able to use them elsewhere or if I would be entitled to get my money back from the administraitors thanks in advance:)

Spend them now as they will stop taking them soon I would think.

phill99

Administration is not the same as bankruptcy.

If a company has gone into administration, it means the bank (or other creditor sucha s the tax man) has deemed that they are not able to look after their own affairs. An administrator is then appointed who has the job of turning the company round financially or selling it as a going concern. If neither of these can be done, then the company may be declared bankrupt and closed down and all the assets sold off to recover debts.

Just because they have gone into administration, does not mean they are going to close. However, you need to go and spend your vouchers now.

If you don't and the company goes into receivership, then your chances of getting your money are zero.

ormus

its very doubtful anyone will buy it as a going concern.
the sharks are already hovering about, to pick off the best stores.

phill99

ormus wrote: »

its very doubtful anyone will buy it as a going concern.
the sharks are already hovering about, to pick off the best stores.

I wasn't commenting on the suitability of Focus as a takeover option. I was merely trying to explain how the process of administration.

Or can you not get your head round that?