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Fishy tale

9th January 1992, Page 34
9th January 1992
Page 34
Page 34, 9th January 1992 — Fishy tale
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• There seem to have been more than enough instances reported lately in your columns of companies going into receivership, only to be acquired within a matter of weeks, or even days, by their previous directors or their families. This callous but effective way of writing off previous debts is not confined to the transport business. Naturally enough, such questionable tactics meet with a great deal of disapproval, not least by disgruntled employees who are owed money or who have lost their jobs while their former boss sets up again in business. The story goes that not a million miles away from here, a driver rung up his former employer, asking quite innocently: "Sorry to bother you, but could I have my pick-axe back?" The reply was: "Pick-axe? What pick-axe? Where did you last see it?" "Stuck in the bottom of your boat!" Peter Underwood, HC Underwood, Boscombe, Dorset.

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