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What about the creditors?

16th February 2006
Page 26
Page 26, 16th February 2006 — What about the creditors?
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Which of the following most accurately describes the problem?

IT IS WITH great anger that I write regarding the coverage of the administration of MacFarlane Transport (CM 9 February).

I am one of many creditors angered by the way this situation has been reported particularly badly by your magazine.

Headlines such as 'Down but not out', and 'Last minute rescue for Leeds haulier' are ridiculous. There was virtually no comment on the haulage operators and clearing houses who are thousands of pounds out of pocket.I have spoken to KPMG and it seems there is unlikely to be any dividend for ordinary creditors.

Hopefully in a future issue you will put more emphasis on the many companies who are the victims of MacFarlane's demise, some of whom may lose their companies because of this.

Greg Kerr Inter-Scot Transport, Dundee