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PAS 232 Consultation .... A response

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Comments

  • beamerguy
    beamerguy Posts: 17,587 Forumite
    Part of the Furniture 10,000 Posts Photogenic Name Dropper
    beamerguy said:
    The gravy train will come to a halt soon for Simple Simon. It can't come soon enough.
    I don't wish lock down on Sheffield but if anything good comes of it, this company will bite the dust. 
    Out of desperation, the boy will concentrate in the medium covid areas like the south.
    He could try Brownsea Island off Poole .....  ticketing red Squirrels for their nuts  :) 
  • D_P_Dance
    D_P_Dance Posts: 11,592 Forumite
    Part of the Furniture 10,000 Posts Name Dropper
    If I owned a PPC I would ensure that this forum and peppipoo are required reading 
    You never know how far you can go until you go too far.
  • Snakes_Belly
    Snakes_Belly Posts: 3,718 Forumite
    Eighth Anniversary 1,000 Posts Photogenic Name Dropper
    edited 17 October 2020 at 11:27AM
    Where many of the PPC's will come undone is in the liquidity of their business. They may like to spend their ill gotten gains on crass shows of wealth but it is the liquidity of their business's that will decide the outcome as to whether they can survive the next few years.

    CoP and Covid will both impact on the liquidity. It was liquidity that was a major issue during the banking crisis. 

    Nolite te bast--des carborundorum.
  • beamerguy
    beamerguy Posts: 17,587 Forumite
    Part of the Furniture 10,000 Posts Photogenic Name Dropper
    edited 17 October 2020 at 11:29AM
    Where many of the PPC's will come undone is in the liquidity of their business. They may like to spend their ill gotten gains on crass shows of wealth but it is the liquidity of their business's that will decide the outcome as to whether they can survive the next few years.

    CoP and Covid will both impact on the liquidity. It was liquidity that was a major issue during the banking crisis, 
    Indeed, it was ....  "Right said Fred" who gambled on greed and stupidity

    Just what parking companies and dodgy legals are doing right now
  • Snakes_Belly
    Snakes_Belly Posts: 3,718 Forumite
    Eighth Anniversary 1,000 Posts Photogenic Name Dropper
    edited 17 October 2020 at 11:39AM
    "Indeed, it was ....  "Right said Fred" who gambled on greed and stupidity
    Just what parking companies and dodgy legals are doing right now"

    Liquidity and toxic debt. I bet their aged debtor list makes interesting reading. They probably have claims listed in their balance sheet as debts which will never be paid. They cannot be writing much off as they resurrect these old claims sometimes after four/five years. 

    I can imagine that when the new CoP is introduced it will be difficult to resurrect these old claims and they will have to write them off.  


    Nolite te bast--des carborundorum.
  • D_P_Dance said:
    If I owned a PPC I would ensure that this forum and peppipoo are required reading 
    but would you tell your MP as well
  • Coupon-mad
    Coupon-mad Posts: 157,205 Forumite
    Part of the Furniture 10,000 Posts Name Dropper Photogenic
    I suspect some of the views were from PPC World trying to find something to complain about.
    PRIVATE 'PCN'? DON'T PAY BUT DON'T IGNORE IT (except N.Ireland).
    CLICK at the top or bottom of any page where it says:
    Home»Motoring»Parking Tickets Fines & Parking - read the NEWBIES THREAD
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